Donald Trump has again adopted a crypto-friendly stance in what seems an attempt to garner votes from the digital asset community. The former president declared on his Truth Social media platform that cryptocurrency users should “vote for Trump!” because he will oppose “Biden’s hatred of Bitcoin,” just hours after meeting with Bitcoin miners at his Mar-a-Lago home in Florida.
An executive in the bitcoin mining industry who met with Trump told CNBC that the sector is committed to raising more than $100 million and casting more than 5 million ballots in favor of Trump this autumn. However, Trump stated quite clearly a few years ago while he was in the White House that he was not a fan of Bitcoin and other cryptocurrencies.
Why Is Donald Trump Becoming Pro-Crypto?
In contrast to 2020, cryptocurrency owners are banding together to form a unified voting bloc in 2024, per a Forbes report. These voters, who number in the millions, reside in pivotal swing states where the previous presidential election was decided by the slimmest of margins.
According to Morning Consult statistics, a lot of people believe that cryptocurrency would either make or destroy their chances of winning the elections. The growth of cryptocurrencies as an asset class is closely linked to the emergence of the cryptocurrency voter. Currently, 5 percent of Americans own digital assets. Precisely 52 million individuals. There is enough of it to change the way the elections turn out.
However, this isn’t the first time Donald Trump has tried to be a pro-crypto player. As Bankless Times previously reported, the Republican presidential nominee Donald Trump disparaged Democratic proposals to regulate the cryptocurrency business and presented himself as an advocate of cryptocurrencies during a speech in San Francisco.
Michael Saylor Jumps In Favor of Donald Trump
In the middle of Donald Trump’s pro-crypto stance, Michael Saylor has jumped in favor of his promises saying that Bitcoin is in the national interest. Michael Saylor has time and again been vocal about the benefits of virtual assets and how they can benefit a larger investor audience. With the current support, Saylor has again proved that he will stand with those who support crypto’s mainstream adoption.
