Bitcoin
‘If you like crypto, you better vote for Trump’
Trump Gets Support from Crypto Investors at Mar-a-Lago: ‘If You Like Crypto, You’d Better Vote for Trump’
On March 8, former President Donald Trump hosted a group of supporters at Mar-a-Lago. The event was for those who purchased more than 47 Trump Digital Trading Cards “Mugshot Edition” NFTs, which cost $99 each. Trump gave a brief speech about cryptocurrency after dinner, which was recorded and posted in X.
“Democrats are totally against [crypto]. And I will say this, a lot of people are very supportive of this… and I’m okay with that. I want to make sure it’s good and solid… but I’m okay with that. If you like crypto in any form, and it comes in many different forms, you better vote for Trump,” he noted.
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Trump also said that “we made NFTs hot again,” which was met with applause from his supporters.
These statements mark a sharp change in stance since 2021, when Trump said encryption is “a disaster waiting to happen” and that he is “not a fan”.
Furthermore, it is an even stronger stance than the previous one. At a Fox News town hall in February 2024, Trump said, “You’re probably going to have to do some regulation. But a lot of people are embracing it. More and more I see people wanting to pay Bitcoin, and you’re seeing something that’s interesting, so I can live with it one way or another.”
Thus, over the last few years, Trump has gone from being against cryptocurrency to being indifferent, to now supporting it. These statements are especially relevant as the presidential race heats up. Cryptocurrency regulation is a major point of concern for those in the cryptocurrency community, many of whom would prefer less regulation. Trump’s comments could certainly serve as a positive note for cryptocurrency enthusiasts if he is elected in November.
Not only did Trump endorse the NFT projects that used his name, but he also received royalties from the projects, as well as free tokens from a handful of memecoins. In total, Trump holds over 700 ETH and recently sold 1,075 ETH in December 2023. However, his largest holding is MAGA Coin (TRUMP), which is currently worth well over $3 million.
The token, which some see as a proxy for betting on Trump’s election success, has risen more than 40% in the last 24 hours and nearly doubled in price after the initial video was published.
The statements gave cryptocurrency investors more clarity about Trump’s stance, which could end up being a very important point for some voters to consider. Both bitcoin and ethereum jumped slightly on the news.
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This article Trump Gets Support from Crypto Investors at Mar-a-Lago: ‘If You Like Crypto, You’d Better Vote for Trump’ originally appeared in Benzinga.com
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