- Trump appealed to crypto supporters with pro-Bitcoin statements and NFT releases.
- Polymarket confirmed that Trump leads with 62.1% assist amid rising crypto curiosity amongst voters.
With solely 4 days till the U.S. presidential election, former President Donald Trump has left no stone unturned.
Though Trump has beforehand criticized cryptocurrency, calling Bitcoin [BTC] “not money” and “highly volatile,” he hasn’t shunned digital belongings.
His curiosity in NFTs has been clear since launching his first digital collectibles’ collection in December 2022. This revealed his distinctive enthusiasm for this rising asset class.
Trump’s Bitcoin transfer
In a current X (previously Twitter) publish, Trump gained over crypto voters by marking Bitcoin’s white paper anniversary, and said,
“I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper.”
As anticipated, he didn’t cease there—and in addition took a jab at Vice President Kamala Harris, including,
“We will end Kamala’s war on crypto, & Bitcoin will be MADE IN THE USA! VOTE TRUMP!”
Remarking on Trump’s feedback, Erik Voorhees CEO of ShapeShift stated,
Supply: Erik Voorhees/X
Nonetheless, not everybody felt the identical.
Many praised Trump for his publish and his proactive stance on Bitcoin.
As an illustration, dealer and investor Jason Pizzino commented,
“0% tax on Bitcoin and 0% double tax – Let’s go Trump.”
Including to the fray was one other X person who famous,
Supply: Marshall Lengthy/X
Polymarket and crypto development
Polymarket confirmed 62.1% assist for the Republican candidate, leaving Harris at 37.9%.
This momentum coincided with Bitcoin slipping to $69,544.97, at press time, after peaking at $73,569—simply $168 wanting its March all-time excessive of $73,737.
Regardless of Bitcoin’s RSI nonetheless reflecting bullish tendencies above impartial, the downward motion hints at doable upcoming bearish strain.
Supply: Buying and selling View
The function of crypto within the election cycle
Within the 2024 election cycle, cryptocurrency emerged as a major problem amongst voters, in keeping with a Consensys and HarrisX research.
Surveying over 1,600 registered voters throughout the U.S., the research discovered almost half take into account a pro-crypto stance influential of their voting choices.
Amongst crypto house owners, this curiosity was stronger, with 92% planning to vote and 85% prioritizing crypto as a key problem.
Consequently, cryptocurrency might play an important function in shaping the alternatives of many citizens on this election.
Trump attracts crypto voters, whereas Harris falls brief
Seeing this, Trump has actively engaged with crypto supporters, positioning himself as a pro-Bitcoin candidate.
He attended the Bitcoin Convention 2024 regardless of safety threats. He launched Bitcoin-themed sneakers and launched a fourth collection of NFT buying and selling playing cards. Moreover, he additionally launched the World Liberty Monetary.
Backed by influential figures like Elon Musk and Michael Saylor, Trump’s engagement contrasts with Harris’s restricted outreach.
Harris’s efforts embody her “Crypto for Harris” marketing campaign and a pro-blockchain speech at The Financial Membership of Pittsburgh.
With solely days remaining, will probably be intriguing to see if Trump’s crypto-focused technique pays off within the closing vote.
