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These past few weeks we have been seeing a lot on the scene when it comes to cryptocurrency. Crypto as we all know has become so important and as much as it is debated, it is also really crucial to talk about it. Donald Trump recently made a big promise regarding cryptocurrency and here is all that you need to know about.
Cryptocurrency More To The Story
#formeruspresidentdonaldtrump
Former US president Donald Trump is currently seeing support from cryptocurrency traders for his November 2024 White House bid. In a more clear picture, we can see why Donald Trump emphasises so much on the importance of cryptocurrency.
According to the former president, he said this very categorically that he is aware of the current industry and the burgeoning industry. He added that the cryptocurrency seems to be going upwards and progressing.
It was on his social media post, the Republican presumptive nominee wrote very categorically ahead of his libertarian national convention appearance “I am very open-minded and positive to cryptocurrency companies and all the things in the burgeoning industry. Therefore, our country should be a leader in this field.”
Donald Trump seems to be optimistic about the industry as he believes in the potential of the industry. He said this while criticising his opponent or rival Joe Biden who he said is unaware of the potential of cryptocurrency. He went on to say that the incumbent leader of the US wants us to die a slow and painful death and this is something that will never happen with me.
It has to do a lot with Donald Trump’s business acumen as he sees the potential in cryptocurrency. During an interview on Fox News, trump said ” The currency of this world in my opinion should be in dollars and no don’t mean to say that we must acquire all the bitcoins in the world. I think that we should regulate them very very high.”
It was later revealed that Donald Trump is accepting and has set up a special donation for cryptocurrency. The press release last week said that any form of cryptocurrency is accepted in any way. The real motive behind it seems to be to uplift cryptocurrency and make it readily available to everyone
Criticizing Joe Biden
#Trump
In a turn of events, Donald Trump also criticised Joe Biden where saying that the current leader is unaware of his duty and seems to be very unaware of the responsibility. He further said that Joe Biden isn’t aware of the very potential of cryptocurrency. This declaration comes amidst his 2024 presidential election.
Trump went ahead to criticise his approach to cryptocurrency claiming that ” Crooked Joe Biden, on the other hand, is the worst president in the history of our country. He wants it to die a slow and painful death but this wont happen to me.
This stark contrast and difference between both candidates has heightened the stakes of the election. Furthermore, it has moved the cryptocurrency industry.
Trump as discussed earlier also announced back in 2021 that he is open to donations for crytocurrency. In 2024 he launched a campaign a fundraising campaign allowing eligible individuals to doante using the coinbase commerce product. The page further features logos of prominent cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Shiba, USD coin, SOL and 0x.
This signals and points to a significant shift in the political stratum.
Conclusion
In the end, while we are happy that a politician from the current political lot is interested in the future and digital currencies this also signals something very important. This signals something big and more significant right now, it tells us that there might be revolutionary changes happening in the future. This also means that the future of digital currencies seems more bright.
