During the presidential campaign Donald Trump answered questions about cryptocurrencies and took advantage of the topic to mock his main competitor, Joe Biden, the current US President.
Although he was once a strong critic of Bitcoin and even claimed it was a scam, Trump recently changed his position. In addition to launching several collections of NFTs, the former US president also owns millions in Ethereum (ETH) from these sales.
Apparently, all this change may be related to his electoral base. This is because a recent survey found that 1 in 5 Americans believe cryptocurrencies will play a key role in choosing their presidential candidates.
Donald Trump attacks Joe Biden as he tries to win votes from cryptocurrency investors
Donald Trump, running for his second term, is attacking the weaknesses of his main opponent, Joe Biden. His statements were delivered at Mar-a-Lago, a luxury resort in Florida, where a dinner was held this Wednesday (8) with buyers of his NFTs.
“They are against it [as criptomoedas]. Biden doesn’t even know what they are. If you ask him if he is for or against cryptocurrencies, he will ask you to take him off the stage.”Trump said, mocking his opponent as he mimicked his manner.
“The Democrats are against it [as criptomoedas]. Many people are in favor, probably many in this group. I’m fine with it, I just want to make sure this is good and solid. If you like cryptocurrencies of any kind – they come in different forms – you better vote for Trump.”
JUST IN: 🇺🇸 Former President Donald Trump says “Biden doesn’t even know what” crypto is and if you like crypto, you “better vote for Trump.” pic.twitter.com/Fu8UM8Rsiq
— Watcher.Guru (@WatcherGuru) May 9, 2024
In another video on social media, a young man points out that many smart people in the cryptocurrency market are leaving the US. Without even letting him finish his question, Trump claims this is happening “because of hostility”.
“Let’s stop this, we don’t want this. When we go to cuddle [esse setor]we have to leave it here.”
I asked Donald Trump how he will keep crypto companies in America.
bullish sounds 🇺🇸 pic.twitter.com/rvuztPmQ8P
— Malcolm (33.3%) (@macdegods) May 9, 2024
Trump and Biden are tied in the presidential race, but cryptocurrency investors could break the tie
According to research, more than 53 million Americans invest in cryptocurrencies. Although not everyone votes in elections, as this is not mandatory in the US, these investors can determine who will be the next US president.
This is because Joe Biden and Donald Trump are practically tied in terms of voting intentions. According to the most recent survey, conducted by Big Village and published by 538, the two come with 42% and 41% of the votes respectively. Next comes John F. Kennedy Jr., a big fan of Bitcoin, with 9%.
Because US elections are contested by districts, not individual votes, 270towin also shows a tie between Biden and Trump, with a slight advantage for Republicans.
Finally, Trump is clearly trying to win the votes of these cryptocurrency investors who represent 15.6% of the US population. However, it remains to be seen whether he will keep his word if he is re-elected, as there are allegations that the former US president tried to take down Bitcoin during his first term.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
