Donald Trump Supports Crypto Adoption to Maintain the Competitiveness of the United States-web3.0-php.cn

Donald Trump Supports Crypto Adoption to Maintain the Competitiveness of the United States

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Jul 21, 2024 pm 06:31 PM

Former President of the United States, Donald Trump, made a surprise by changing his views on cryptocurrencies. In an exclusive interview with Bloomberg, Trump now supports crypto adoption to maintain the competitiveness of the United States.

Donald Trump Supports Crypto Adoption to Maintain the Competitiveness of the United States

Former US President Donald Trump has expressed surprising support for cryptocurrencies in a bid to maintain the United States' competitive edge. In an exclusive interview with Bloomberg, Trump revealed a shift in his stance on cryptocurrencies, a technology he was once skeptical of.

"I like the concept of crypto. I think crypto is a great thing. It’s something that other countries are doing, and they’re way ahead of us," Trump explained. He added that his focus is on what's best for the country, and if the US doesn't pay attention to crypto, "other countries will take over."

According to Trump, his support for crypto is a strategic move, as he believes that ignoring it could leave the US lagging behind other countries, especially China, which has advanced rapidly in this field.

Plans To Release NFT

In addition to his support for cryptocurrencies, Trump also plans to continue releasing NFTs (non-fungible tokens). NFTs are often associated with a unique experience and have become very popular.

Previously, the NFTs released by Trump offered privileges such as having a piece of a suit or attending an exclusive dinner with him. "I've done it three times," he said, "and I'm going to do it again because people want it."

Despite being a relatively young industry, Trump now sees crypto as "a good base." His more positive view is influenced by his interaction with industry leaders. This shift in stance aligns with his political ambitions, including the potential for re-nomination to the White House.

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Support From Influenced Figures

Several key figures in the crypto world are throwing their support behind Trump. According to reports, Elon Musk, founder of Tesla and SpaceX, is planning to donate US$45 million (Rp675 billion) per month to a Super PAC in favor of Trump. Other supporters include the twin brothers Tyler and Cameron Winklevoss (founders of Gemini), Cathie Wood of Ark Invest, and Jesse Powell (co-founder of Kraken).

Trump's choice for vice presidential candidate pairs also reflects his crypto enthusiasm. Senator JD Vance, who is a vocal supporter of Bitcoin, was chosen as his running mate. Vance, a Republican from Ohio, has criticized the Securities and Exchange Commission (SEC) during a legal trial with crypto startup DEBT Box.

The Impact On Trump's Themed Meme Coin

Following the attempted assassination of Trump, the price of cryptocurrencies related to his brand experienced a surge. For instance, the price of MAGA tokens jumped from USD 6.31 (IDR 94,650) to USD 10.36 (IDR 155,400) in just minutes after the incident.

As Trump continues his pro-crypto stance, the crypto community is observing how it will shape the political landscape and the future of the industry. One thing's for sure: the convergence of politics and blockchain technology is making the upcoming election even more interesting!

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