Donald Trump, campaigning for the 2024 presidential elections in the United States, is increasingly endorsing
cryptocurrencies
. Recently, he responded to a question about the future of
cryptocurrency
by stating, “I believe cryptocurrency has a wonderful future,” and suggested that the national debt of $35 trillion could potentially be paid off with it.
Contents
First U.S. President to Conduct Bitcoin Transactions
Pledging to Make the U.S. a Cryptocurrency Hub
First U.S. President to Conduct Bitcoin Transactions
Months ago, Trump began making positive remarks about Bitcoin
$
62,852
. Recently, he made history as the first U.S. president to buy a cheeseburger using Bitcoin at a Bitcoin-friendly bar in New York.
At a recent event, Trump reiterated that cryptocurrency has a “wonderful future.” He implied that Bitcoin and cryptocurrencies could help address the nation’s $35 trillion debt, a sentiment he echoed at the 2024 Bitcoin event, as reflected in Lummis’s proposal. Trump has undergone a significant shift, transforming from a former cryptocurrency skeptic into a more supportive figure, even garnering the attention of Bitcoin maximalists.
Pledging to Make the U.S. a Cryptocurrency Hub
To attract the growing cryptocurrency voter base, Donald Trump has continued his previous positive statements regarding Bitcoin and cryptocurrencies. He pledged to make the United States the “
crypto
capital of the world” if re-elected.
In contrast, his opponent Kamala Harris made her first commitment regarding cryptocurrency at a fundraising event in New York. She expressed that her administration would protect consumers and investors while promoting innovative technologies like artificial intelligence and digital assets.
Although Harris did not explicitly mention Bitcoin or cryptocurrencies, her recent comments indicate a positive stance toward crypto-friendly voters. This move contradicts her earlier silence on the topic, aligning poorly with her prior characterization of the sector as fraudulent.
With both candidates now openly discussing policies related to Bitcoin and cryptocurrencies, it appears that cryptocurrencies have entered the political mainstream. This rise of crypto in U.S. politics signals that cryptocurrencies and blockchain technology may play a significant role in upcoming elections. While both Trump and Harris express favorable views on crypto, the tangible benefits of these policies will be revealed over time.
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
