Trump Supporting Bitcoin, Crypto

[TomPluz]

As happening right now, in a speech to the Libertarian Party's National Convention in Washington, DC, the former 45th President of USA Donald J. Trump laid out his many plans and promises for the country if elected once again this coming November to be the 47th POTUS.

Among the many things he discuss is Bitcoin and cryptocurrency, saying "I will ensure that the future of crypto and Bitcoin will be made in the USA" and "I will support the right to self custody to the nations 50 million crypto holders" which of course resonates with many libertarians in the audience.

In between the two leading candidates - the dementia-filled Joe Biden and the still energetic and funny Donald Trump - people are now slowly realizing that the two administrations are so different and that they were better off four years ago under DJT despite, of course, the supposed flaws with his personality.

I believe that Donald Trump is a lot better candidate and can be working great for the cryptocurrency industry if given another chance to be in White House again.

[jeraldskie11]

If Trump really supports cryptocurrency then there would be a big impact to Bitcoin's price when he became elected once again. We are currently finished the halving and now we are just waiting for big pump to come, but what happened to the price now? It feels like there's no enough demand yet. So if ever this coming months if what we expect never happened then trump would be the solution.

[bounceback]

I don't its trick from Donald Trump after announcing received donation trough cryptocurrency and some meme coins, he has ambition on US campaign as for president and recently he will receive donation for him campaign using cryptocurrency. He was become United State president last five years ago but nothing helpful for bitcoin and altcoin adopt as legal payment currency there, its trick from him how to get youth generation interested after giving positive respond with cryptocurrency.
If any possibility for Donald Trump become president of Unite State will he makes bitcoin become legal currency transaction there or just his ambition to make interested from cryptocurrency holder in United State.

[hugeblack]

Do not trust electoral promises, but it seems that there is a hidden war on privacy, and I do not think that Trump will value privacy. Rather, he will try to know and track all transactions while imposing reasonable taxes. Therefore, it may be a good option for platforms and for those who have businesses, but Trump still a bad option for those looking for privacy.

[Stompix]

Trump supports crypto because he has seen Bukele gaining votes from that, nothing else!
If his advisors would tell him to attack crypto because conservative voters are agsint it he will change 180 degrees immediately.

Besides, just the president won't be able to do much, and what is actually left to do? Bitcoin is legal in the US, they have approved Bitcoin ETF, the US is the country with the most mining hahsrate, most BATMS, most nodes, most LN channels, most everything...what is there left to do and what would you expect them to?
And if anyone thinks they will use BTC as legal tender under Trump you must be day dreaming.

[dkbit98]

Now Trump is claiming he is going to finally release Silk Road creator Ross Ulbricht from prison if he is elected as new President. 
You should not trust Trump or any other candidate stories, but now it's clear to me that he is going to be another Trojan horse for upcoming period.
He is hired and paid by same people as Biden and they are both participating in this distraction theater for the masses.
https://www.politico.com/news/2024/05/25/trump-commute-ross-ulbricht-sentence-libertarian-convention-00160025

[Zed0X]

Besides, just the president won't be able to do much, and what is actually left to do? Bitcoin is legal in the US, they have approved Bitcoin ETF, the US is the country with the most mining hahsrate, most BATMS, most nodes, most LN channels, most everything...what is there left to do and what would you expect them to?

There's the so called Bitcoin Rights law that was passed in Oklahoma and he probably plans to push every state to have that. There's also a bill overturning the SEC's SAB121 but Biden plans to veto it.

Small things perhaps but anything to sway the voters in his favor right?

[0t3p0t]

Besides, just the president won't be able to do much, and what is actually left to do? Bitcoin is legal in the US, they have approved Bitcoin ETF, the US is the country with the most mining hahsrate, most BATMS, most nodes, most LN channels, most everything...what is there left to do and what would you expect them to?

There's the so called Bitcoin Rights law that was passed in Oklahoma and he probably plans to push every state to have that. There's also a bill overturning the SEC's SAB121 but Biden plans to veto it.

Small things perhaps but anything to sway the voters in his favor right?

Well yeah, targetting the majority of crypto enthusiasts within United States then that a huge advantage of him against Biden. I could also see this promotion as a form of "you can donate crypto if you support my presidency" thing or since he is an investor I think Robert Kiyosaki and Trump has one goal in life.

[yhiaali3]

Yes, Trump seems more fortunate, and cryptocurrency fans hope for his victory and support him because they believe that the country will be more open to Bitcoin and cryptocurrencies if Trump wins.

Among the things they did was launch several tokens, such as a token named "TRUMP" and another token MAGA (Make America Great Again), that phrase that Trump wears on his hat. I think they took advantage of this phrase and created a token with the same name, and it achieved an amazing rise over the past days of about 157%.

[vegasus]

Yes, indeed, it is actually nothing new that Thrump supports cryptocurrency. Because, when NFTs were very booming, there was even a Thrump NFT which was very popular. And indeed he is also very open minded towards cryptocurrency. Basically, he is a businessman, so he also really understands what is potential and is very hot in the world of business. The crypto space is nothing new for him, and he really understands the potential in it, including the involvement of many parties and the people of the USA in this field. And he also understands that so far there have been many things that have made it quite difficult for crypto to develop there. therefore, he wanted to get a vote for his statement.

Although to be honest, he's really quite clever. In the past, he once said that BITCOIN IS A SCAM. It is very clear that in the past he was very controversial with his statements. but in the end, this was all because the business that created it was also finally close to the world of crypto space at that time. And this time, he actually got closer to being a crypto enthusiast. Yes, it's just a matter of ensuring consistency in the statements later.

Yes, this is quite normal when approaching an election, someone will definitely contact various parties to get more votes. And of course, if this happens, it will definitely have a pretty good effect on the development of cryptocurrency.

News:
https://www.binance.com/en/square/post/8612447067090
https://time.com/6981035/donald-trump-crypto-election-2024/

[pawel7777]

It's not a surprise. I've seen an article somewhere (I'll try to dig it up later) that a positive stance on cryptocurrencies of US presidential candidates could play a deciding role in the outcome of the 2024 elections.
It might sound crazy at first, but it makes sense if we consider that Bitcoin/crypto are no longer some obscure thing that only a handful of people understand. The number of people interested/invested in crypto in the US is huge, and those people will not take kindly any attempt to mess up with their investments by imposing new legal restrictions etc.

[UNIVERSE]

Actually, we don't really know whether Trump really supports Bitcoin/crypto or he only wants to gain attention from the community of crypto industry. If he can get a support from people who love crypto, it should increase his chance to be elected as the next president of USA. And even he really supports crypto industry, his mind can be changed when he is already a president of USA. It is because of many things to be considered if he want to make a policy as a president of USA. So, it is difficult to trust Trump. However, Trump is better if Joe Biden is likely not supporting crypto. Not sure it is caused by Biden or not, but SEC becomes aggressive in the era of Joe Biden.

[Stompix]

Yes, indeed, it is actually nothing new that Thrump supports cryptocurrency.
~
Although to be honest, he's really quite clever. In the past, he once said that BITCOIN IS A SCAM. It is very clear that in the past he was very controversial with his statements. but in the end, this was all because the business that created it was also finally close to the world of crypto space at that time. And this time, he actually got closer to being a crypto enthusiast.

That's not a crypto enthusiast that's a hyena looking for every opportunity for a free meal.
He was against crypto, he numerous times said he only believed in the USD, and many more:
https://www.foxbusiness.com/markets/trump-bitcoin-a-scam-us-dollar-should-reign
https://www.foxbusiness.com/politics/crypto-potentially-a-disaster-waiting-to-happen-trump.amp

Just because he has found a way to make money out of it,  doesn't mean he's for crypto, he is not interested in decentralization, he is not interested in self-governance what he cares about is votes and money for his business.

There's the so called Bitcoin Rights law that was passed in Oklahoma and he probably plans to push every state to have that.

Since that law passed with 72:2 votes in favor I don't think we need Trump for it, right? 

[Gurujebs]

If Trump really supports cryptocurrency then there would be a big impact to Bitcoin's price when he became elected once again. We are currently finished the halving and now we are just waiting for big pump to come, but what happened to the price now? It feels like there's no enough demand yet. So if ever this coming months if what we expect never happened then trump would be the solution.

We don't learn from this political jingoism man, he was the same guy that shamble Bitcoin on national TV many times only for him to come back again with another narrative just because he want a reelection, this is nothing but a campaign set up that will push him into the white house and after he is done, he will resume to the usual opening of his mouth without a sensible thing to say.

Bitcoin growth is a good thing but atleast let's have it without politics, the moment they are done using their sweet mouth to push it, they will use the same hand to write a policy that wouldn't favour anyone in this space again or they tax the living hell out of you guys.

[bhadz]

I cannot speak that much about Trump as a president since I am not from there but I can speak how he's impact with the international community. Many did really liked him. ANd with this relation to his coming back for the reelection of the POTUS, he's solely speaking as a campaign guy with that number he has mentioned on how many crypto folks are there. I think it's double meaning but more of a politician thing every campaign speech.