Trump's Bitcoin Backing: $100M Raised, 5M Voters Mobilized
Submitted by MAGA Student
Posted 8 days ago
Breaking news: Donald Trump embraces Bitcoin, drawing support from the cryptocurrency industry.
Former President Donald Trump has recently changed his stance on Bitcoin and other cryptocurrencies, expressing support for the digital assets. This shift in opinion has drawn the attention of younger investors and fans, who are now rallying behind Trump.
Trump's declaration of support for Bitcoin came after meeting with bitcoin miners at his Mar-a-Lago estate in Florida. He took to his Truth Social media platform to encourage cryptocurrency users to vote for him, stating that he will stand up to "Biden's hatred of Bitcoin."
The change in Trump's stance on Bitcoin has already begun to pay off, with one bitcoin mining executive revealing that the industry has committed to raising over $100 million and turning out more than 5 million voters to support Trump in the upcoming election.
Trump's previous views on Bitcoin were less favorable. In a series of social media posts in 2019, he expressed suspicion towards cryptocurrencies, calling them "not money" and "based on thin air." He also warned that unregulated crypto assets could facilitate illegal activities.
However, things have changed since then, and Trump no longer views Bitcoin as a scam. This shift in opinion has drawn criticism from Democrats, who claim that Trump cannot be trusted. However, Trump has a track record of following through on his promises and is known for his business acumen.
The cryptocurrency industry has been growing and is more successful than unsuccessful, despite fraudulent activities by individuals such as Sam Bankman-Fried. At this point, Trump has promised to protect people's rights to own and trade Bitcoin, while Biden has expressed a desire to regulate it to the point of non-existence.
The shift in Trump's stance on Bitcoin has drawn criticism from the left-leaning mainstream media, with NBC News denigrating the idea and claiming that the industry has a record of failures. However, the growing success of the cryptocurrency industry suggests otherwise.
As the election approaches, it remains to be seen how Trump's embrace of Bitcoin will impact his support among younger voters and the cryptocurrency industry. However, one thing is clear: Trump's stance on Bitcoin has drawn a clear line between himself and Biden on the issue of cryptocurrency regulation.
Sources:
independentsentinel.com
thegatewaypundit.com
westernjournal.com
Former President Donald Trump has recently changed his stance on Bitcoin and other cryptocurrencies, expressing support for the digital assets. This shift in opinion has drawn the attention of younger investors and fans, who are now rallying behind Trump.
Trump's declaration of support for Bitcoin came after meeting with bitcoin miners at his Mar-a-Lago estate in Florida. He took to his Truth Social media platform to encourage cryptocurrency users to vote for him, stating that he will stand up to "Biden's hatred of Bitcoin."
The change in Trump's stance on Bitcoin has already begun to pay off, with one bitcoin mining executive revealing that the industry has committed to raising over $100 million and turning out more than 5 million voters to support Trump in the upcoming election.
Trump's previous views on Bitcoin were less favorable. In a series of social media posts in 2019, he expressed suspicion towards cryptocurrencies, calling them "not money" and "based on thin air." He also warned that unregulated crypto assets could facilitate illegal activities.
However, things have changed since then, and Trump no longer views Bitcoin as a scam. This shift in opinion has drawn criticism from Democrats, who claim that Trump cannot be trusted. However, Trump has a track record of following through on his promises and is known for his business acumen.
The cryptocurrency industry has been growing and is more successful than unsuccessful, despite fraudulent activities by individuals such as Sam Bankman-Fried. At this point, Trump has promised to protect people's rights to own and trade Bitcoin, while Biden has expressed a desire to regulate it to the point of non-existence.
The shift in Trump's stance on Bitcoin has drawn criticism from the left-leaning mainstream media, with NBC News denigrating the idea and claiming that the industry has a record of failures. However, the growing success of the cryptocurrency industry suggests otherwise.
As the election approaches, it remains to be seen how Trump's embrace of Bitcoin will impact his support among younger voters and the cryptocurrency industry. However, one thing is clear: Trump's stance on Bitcoin has drawn a clear line between himself and Biden on the issue of cryptocurrency regulation.
Sources:
independentsentinel.com
thegatewaypundit.com
westernjournal.com
