Donald Trump is embracing cryptocurrency ahead of the 2024 presidential election. The former president launched a rallying cry to Bitcoin miners this week to solidify support for cryptocurrencies. industry. His campaign started last month. accept crypto donationscalling the decentralized currency a reflection of Trump’s commitment to “freedom from socialist government control.”
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“Bitcoin mining may be our last line of defense against a CBDC.” [moneda digital del banco central]”Trump said in a Social Truth Posting Tuesday. “Biden’s hatred of Bitcoin only helps China, Russia, and the radical communist left. We want all remaining Bitcoin to be MADE IN THE USA!!! “It will help us become ENERGY DOMINANT!!!”
The former president met with the country’s largest Bitcoin mining companies on Tuesday night, according to The New York Times and several photos posted by cryptocurrency executives. Trump may be strapped for cash these days given his recent conviction, ongoing legal casesand, oh yes, the upcoming 2024 presidential election, which is less than five months away. The crypto community, which is seeking allies in DC to create friendlier policies, could offer a significant source of funding to Trump in this critical final stretch.
Trump’s strategy around Bitcoin, which he claims should be “MADE IN THE USA” and an opposition to “socialist government control,” is all too familiar. The former president is positioning cryptocurrencies as a decentralized way to invest in the MAGA movement. It is no different from Truth Social. stock, which became a way for day traders will invest in Trump via DJT stock. He is making these financial investments seem patriotic, but in reality they are his path back to the Oval Office.
Silicon Valley executives are increasingly gaining influence with TrumpAndreessen Horowitz executives are reportedly willing to spend tens of millions of dollars on pro-cryptocurrency political campaigns. Disk However, it is unclear whether any of this money has already gone directly to Trump. Tech venture capitalists David Sacks and Chamath Palihapitiya also just hosted a fundraiser for Trump last week, which attracted high-profile Bay Area executives and big donations.
Donald Trump has pivoted on so many technology issues that it’s hard to keep track of where he stands. He tried to ban TikTok while he was in office, but now supports the app’s existence in the United States. Trump said he was “I’m not a fan” of cryptocurrencies in 2019, but now it seems to be the currency of “freedom”. Many of Trump’s policies seem highly tied to where his fundraising potential lies. In 2024, it looks like the Bitcoin community is ready to embrace Trump, and he is framing the issue as existential for Americans. ideals.
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