\'Crypto President\' Trump Scores $2M BTC Donation From Winklevoss Bros

The pair, who co-founded the digital asset exchange Gemini and are heavyweight Bitcoin (BTC) investors, each donated 15.47 BTC

Billionaire twin brothers Cameron and Tyler Winklevoss, who are also co-founders of the cryptocurrency exchange Gemini, each donated 15.47 Bitcoin (roughly $1 million at the time of publication) to presumptive Republican Party candidate Donald Trump’s presidential campaign on Friday.

The funds were reportedly sent to the Trump 47 Committee Inc., as per a representative. This is a “joint fundraising committee” that could split the money to comply with legal limits on donations to candidates and political parties, meaning the money could be distributed across several Republican benefactors.

The pair’s donations mark the first major presidential contributions from well-known crypto CEOs. Trump’s campaign began accepting donations in Bitcoin and other cryptocurrencies in March last year.

Moreover, the former president has also made several attempts to position himself as the pro-crypto candidate. He recently met with executives from leading Bitcoin mining companies, where he told them of his plans to have all the remaining BTC — roughly 2.1 million units — mined in the United States.

According to Trump, this would help the nation become energy-dominant and counter the development of a central bank digital currency (CBDC). Notably, analysts at British multinational bank Standard Chartered have indicated that a Trump win in November would be good for Bitcoin.

The analysts predict BTC at $150,000 by 2024-end if Trump is re-elected. This is a significant shift from Trump’s past stance on cryptocurrencies.

The American politician has not been “a fan of crypto,” claiming it’s “based on thin air” in 2019 while in office. In 2021, after leaving the White House, Trump called Bitcoin a “scam” that threatened the U.S. Dollar as the world reserve currency.

News source：https://www.kdj.com/cryptocurrencies-news/articles/crypto-president-trump-scores-m-btc-donation-winklevoss-bros.html

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