Bitcoin Forum

It's official. The Gemini exchange founders (the Winklevoss twins) have donated $2 million (USD) to help support Trump's campaign. Read all about it here: https://www.reuters.com/world/us/gemini-founders-donate-1-mln-bitcoin-trump-2024-06-20/ (https://www.reuters.com/world/us/gemini-founders-donate-1-mln-bitcoin-trump-2024-06-20/)

I guess the crypto industry now views Trump as the ideal presidental candidate to help spur its growth across America. If everyone unites, Biden won't stand a chance in getting re-elected as President of the United States. The "heavy-handed" regulations towards the crypto/Blockchain industry might've angered industry players against Biden and his Democratic Party. Could Trump's support of Bitcoin be enough to propel him to the White House? Only time will tell.

What do you think about this donation? Will it make a huge difference on Trump's re-election campaign? If not, why? Your input would be greatly appreciated. Thank you very much. :)

Ouch, it's unfortunate when highly powerful people make decisions like this. Biden's administration isn't friendly to cryptos, I admit it. But I think Trump is just playing a temporary game of pretending to be pro-Bitcoin so that he can get some votes out of it, whereas in the past he's been consistently anti-Bitcoin. It seems like it isn't their first major support for Republicans, as they supported Blake Masters (Arizona). Masters lost despite getting attention and generous support of billionaires. I hope the same will happen to Trump, although I must admit that Biden isn't a particularly good option.

I believe that Trump's decision to support the crypto industry is a logical and positive step in his campaign. At the moment, people are greatly concerned about this issue and the actions of the current administration have caused fears among the public, which could affect the election results.

Two things i need to emphasize on here, did he make to donation to Trump in bitcoin?

The second is that we should not be fooled by the two of them with this kind of act, there is going to be a signed agreement between the two of them over this, if Trump wins the election, then he will be placed with high priority in his government administration and if peradventure he did not won the election, then Trump will be in debt for a payback on this, he cant just be a philanthropist for nothing without expecting anything in return.

You can say what you like about Donald Trump, but this move was really intelligent and he even convinced the Winkelvoss twins. It is been going up and down in the media all day, its become big. I can maybe in a short time more celebrities will come and say they having donated bitcoin... maybe it will become a trend until november. Hopefully it will be a positive decision when they release Ross Ulbricht. He got his sentence but it is too harsh and he should get a second chance, I hope Trump makes that happen.

https://i.dailymail.co.uk/1s/2024/06/20/22/86391063-13552783-image-a-1_1718919845044.jpg
https://www.dailymail.co.uk/news/article-13552783/Trump-bags-huge-endorsement-Winklevoss-twins-gets-1million-donation-bitcoin-slam-Biden-declaring-war-crypto.html

Do you think it's fair for us to keep bringing up other people's past to judge them in the present? It is true that he has criticized and opposed bitcoin in the past, but many years have passed and he may have changed his opinion on bitcoin. We have seen many investors change their opinion about bitcoin and we always congratulate them for finding the truth, so why are we always upset with Mr. Trump?

Furthermore, even retail investors like us know that he has been against bitcoin, or he is pretending to be pro-bitcoin just because he wants to get more votes. Do you think other people like the Winklevoss twins don't know about it? Maybe they even met Mr. Trump directly to confront him about this, but they still decided to support him. Do you think they are more stupid than us?

I'm not from America and don't care who wins, but the fact that many high powered people support Mr. Trump is something that makes us think.

I'm not from America either, but from talking to a lot of US folks about this it actually comes down more to the party level politics. The Republicans do things differently to the Democrats, and vice versa. A common answer I get from americans is that they Democrats but lean Republican when it comes to the matter of the economy. Its generally believed a republican in power creates better economic situations than a democrat in power but alot of poeple prefer the Democrats when its comes to social matters.

So it makes sense these business owners want a republican in power so they can make more money.

If Bitcoin goes $1M I think the crypto community can afford to lobby politicians to create new policies so whoever may be the president I think will really need to consider favoring the crypto community because even the meme coins holders are likely going to find lawmakers to lobby. Especially this twin.

Celebrities who will launch fan tokens I think will also be needing Trump.

Gemini === scumbags.

That's all I will write for now.

When is he going to jail, though?  Going to be difficult to run for office from a cell.  Doesn't sound like a sensible investment from the Winklevii.  Or it's just a ridiculously expensive political statement.

I share the same opinion as you, I don’t believe that trump and politicians are worth to trust at all, they are ready to do anything for a vote, changing their positions, opinions, sides for their own benefits. Moreover, crypto and Bitcoin are trending lately and the community would support any candidate that is willing to do good for the market and stop all the attacks from the SEC.
Personally, I think the twins will regret this move sooner if Trump becomes the next US president. I strongly believe the negative impact and actions from the US government will always stay the same or get worse. Never trust politicians, respectfully for those who support any side, I would say this is an opinion of mine and it can be wrong.

Not that much, to be honest. His stance was mainly pro USD, but not calling for a ban or extensive taxation of cryptocurrencies as far as I know.

Biden on the other hand took a path of hard regulation and disinformation, like when they spread misinformation that bitcoin is used by terrorists and destabilizes the power grid when in fact the first one was proven to be a lie and the second one to be the other way around, as a power company from Texas claimed that miners are helping them to put load on the grid when one is needed.

It was Biden who supported a 30% bitcoin mining tax, which would kill the industry in the US.

I said it in another thread that trump is using Biden's anti-bitcoin card to his advantage, but that card was already on the table long before the election. Biden could have chosen to be neutral throughout his presidency, but no, he had to be negative and now it's going to cost him.

It is common to see business owners donate heavily to politicians they think will serve or protect their interests. This is not the first time we have seen crypto companies donating to presidential campaigns. Sam Bankman-Fried donated to both Democrats and Republicans for business and personal reasons, sadly he didn't get the protection he might be seeking.

Trump needs the money to fund his campaign so this donation will help them financially. The crypto population is quite insignificant so he might not get massive votes from them but they can help him get votes from the community. Trump is now been portrayed as the crypto president, I hope he will live up to expectations if he eventually becomes the president. But I will not vote for him because of the new image he is showcasing because politicians cannot be trusted.

I saw this online and I think that is bullish af. The Winklevoss twins did a good deed for crypto today, I mean as much as a million dollars can help a campaign- i'm not sure if there is a true dollar amount metric that can track how effective a certain allocation of funds yield results in a political campaign but I certainly think the headline alone and attention they are getting alone is doing wonders of free marketing for Trump's campaign.

I also believe that the marketing is worth much more than the 2 million dollars in bitcoin. For example, there is another donor who donated 50 million dollars, that was billionaire Timothy Mellon. Mellon transferred the money on the same day as Trumps conviction, which must have surprised Biden, because this probably increased the donations and possibly also the support for Trump. Trump maybe currently receive more donations than Biden. It is typically American, its a big show and it is interesting that it is so big over several months.

This is such stupid decision if they think that Trump is somehow going to save them and their exchange when he becomes president again, and it reminds me on what ex FTX scammer Sam Bankman-Fried did with Biden.
Nobody should believe lies of Trump puppet that he suddenly supports Bitcoin, he only loves getting more money and following instructions from his bosses.

I don't know that anyone believes that the former US president will end up in prison, especially since he is a presidential candidate, which complicates the situation significantly. I think that there is a certain number of people in high politics who want to see him in prison, but I also think that there is a very large number of influential politicians and businessmen who are doing everything they can to prevent this from happening. The twins are just one more in a row playing a card that seems to be winning for them at the moment - and even if Trump doesn't win, those 15 BTC is not something that means too much to them.

Very smart move on the part of Tinky and Winky.  ;D

Using Lawfare against a political opponent is not going to end well for the Democrats.  It's a stupid and ill conceiver strategy born of desperation.
The bullshit lawsuits and kangaroo court proceedings are doing nothing to hurt President Trump and are actually helping him politically and financially.
Biden and the Democrats are failing miserably and had better start offering something to the American People other than "Orange Man Bad".   ::)

Gemini screwed over their own customers when Earn became insolvent after the Genesis bankruptcy. Now they claim (https://www.gemini.com/blog/announcing-the-successful-resolution-of-earn) to have reached a settlement but who knows if everyone will get 100% of their coins back? Now these two guys think donating to Trump is going to save their skin in the game?

If so then they're in for a wake-up call. Trump is not going to make all this litigation (https://duckduckgo.com/?q=gemini+litigation&ia=web) against them disappear. But hey, if they want to find out like SBF did what happens when you walk into the crypto industry and mismanage customers' funds, then sure.


Trump has at least as many legal violations as these Winklevoss twins got from the Gemini fallout. And Bob's your uncle.

It shouldn't.  Preferential treatment makes the justice system a joke.  Any non-celebrity would absolutely go to jail for breaking that many laws.  It's a disgusting double standard if they treat him any differently. 

The US still wants to portray itself as "leader of the free world", yet it's fully prepared to be this corrupt?  Words can't condemn strongly enough.

I will never understand why a billionaire raises donations for his campaign. It simply makes no fucking sense to me why people would donate to a billionaire.

Don't American representatives / politicians have asylum if they become elected?

If it is true that these twins own more than 70,000 bitcoin, then that donation wasn't even 0.05% of their net worth. It's like having $70,000 in your savings account and giving $15 to a kid. Considering that kid can be elected as the US president next year, I think bribing donating to it wouldn't be irrational.

When political hands started to play, the support was very massive, plus Trump finally dismantled his principles from being anti-crypto to being pro. Keep in mind that this is all about politics and Bitcoin is being used as a tool to get votes. Trump sees Biden negative votes in the Bitcoin community, therefore making Trump have additional votes if he declares pro Bitcoin. In political competition, things like this often happen, taking advantage of voices that are at odds with the current government.

On the other hand, the arrival of the Winklevoss twins was a big reference because they were able to make an agreement so that the crypto and Bitcoin community was given more free space in the US. At least the Winklevoss twins are considered capable of representing the hopes of Bitcoin retail investors. In other words the Winklevoss twins "I will support you and make a donation, but with the condition of Bitcoin in the US......" that's the picture because there can't be $2 million given away for free, at least there is an agreement made by the Winklevoss twins .

Biden is also a politician, is he more trustworthy than Trump? If we talk about politicians, no one is trustworthy and what they do is only for their power and benefits. But Americans and the crypto community do not have a third choice, and we only have the right to support one of the two, and each has their own reasons for which one to support. You and I as well as the Winklevoss brothers are all bitcoin investors but each of us has our own goals so just because we vote for different people doesn't mean they are stupid and we are smart. It's simply a choice based on personal interests.


According to the report, in May, Mr. Trump's campaign raised $141 million, while Mr. Biden's camp only raised $85 million, but overall there is not a big difference between the two.
https://www.cbsnews.com/news/trump-campaign-says-it-raised-141-million-in-may-compared-to-85-million-for-biden/
https://www.talkimg.com/images/2024/06/22/htLwg.png

Only $2 million? C’mon you cheapskates, what will Trump do with $2m? Have a lunch? Demrats are pumping millions to Biden every minute. Reps should do better if they are serious about winning the election. Trump is rich that’s true but almost all the s&p500 companies are WEF bitches so it is hard to win against a financial power like that. I know Trump will win anyway but let’s don’t take that risk this time. He was supposed to win in 2020 too but look what happened.

Actually, they are the same as Biden, who now has an interest in Bitcoin because they know that there are many investors in their countries who are fanatics about bitcoin, and because of the election, they will really use that attraction to get the vote of their citizens, and that is no longer surprising too.

So if someone gave him $2 million, that would be a big deal for Trump in his campaign as a presidential candidate. If before he was the President then he was defeated by Biden, who knows that this time Biden is the current President, the situation has also been reversed, and now it is back to Biden what happened in the last election, right?

Preferential treatment in matters of justice for high-ranking politicians exists in most democratic  countries. Can't you think why? Where do you live? If it is a democratic country I bet it is more difficult to judge and convict high ranking politicians than the man in the street.

Getting to the topic of the thread, I don't care as much about Trump's stance on Bitcoin now as I do about CBDCs. Bitcoin is already in our society to stay, and it will be regulated one way or another, but it will stay. CBDCs, on the other hand, are a serious threat and it would be very important for a country like the USA to announce that it is banning them.

Trump is a billionaire.  That makes him more powerful than ANY politician who are all owned (bought and paid for) by billionaires.

He knows this because he paid for corrupt politicians, including NY Senator Hillary Clinton, back when he was a beloved Democrat political donor   ;D

I also don't understand why people donate BTC to Satoshi, but they still do it! ;D

It makes more sense to donate to a living person, especially if you see it as an "investment"... ;)

You can’t trust the government/politicians. Trump knows it’s a tight race and he’s shaking his tin cup hoping to buy votes by pandering to RFK supporters. Not a supporter of Biden either. I support Bitcoin because of its decentralization and looking to centralized figure/authorities like the president/government just seems contradictory.

A better title for this thread would be 'A couple of billionaires gave some money to another billionaire, instead of fixing their company'

I used to like & use Gemini. But have not for a while, and after the disaster of getting tax & reporting documents from them in in 2024 for the 2023 tax year and in 2023 for the 2022 tax year I am so glad I stopped using them for most things around the FTX disaster.

I really don't care who they give money to, they have to deal with the blowback if the other side wins no matter which side they give to. But, when Coinbase and RobinHood and other places can have everything I need on or before they are due (End of January) and Gemini gets them to you after taxes are due (April 15th) then sorry you lost me as a customer.

-Dave

Gee, a couple crooks donate to a CONVICTED criminal. Why am I not surprised....

You say convicted like it has any meaning anymore.  🙄😂🤣😅

It will not make much of the difference, there are not so many Bitcoiners and I expect most to just not go voting.
But it's quite an advertising for both Gemini and the-new-Trump-that-supports-crypto. And I fear Gemini may have been scammed in this business, since politicians well... lie a lot, to say it simply. And the POTUS is not the whole government, he can't do too much (which can be good or bad, depends...)

hope the winkles paid all their customers back before paying trump

Or maybe it's just billionaires seeing a corrupt politician willing to accept bribes in broad daylight (the $2 mil) as a better candidate that suites them and helps their growth.

I don't think much is needed. Biden is already losing because of all his failures from his deteriorating mental state all the way to supporting genocide. In other words if his opponent were anybody other than Trump, this would not even have been a competition, he would lose with only having 10% of the  votes :D

No. It will only improve Winklevoss twin's future.
I also still believe that the crypto community is to small to be impactful and too wise to like a crazy corrupt man like Trump.

What do you think the twin will ask from Trump once he wins? It seems to work that way in politics, they won't just give some thing without expecting in return. I think the more crypto big names donate to Trump, the more he will have a huge debt to repay the crypto community.

If Larry Pink will donate more to Trump, then Larry may have all the favors and god knows what the guy will ask from Trump.

You KNOW Trump will win? I think that he lost a lot of votes by being convicted. That's why they announced it just months before the elections.
There's no good choice for Americans, to be honest. It's either a puppet who can't even read from the prompter, or the "grab 'em by the pussy" convict.
As for the donations, it was to be expected bitcoin companies would choose to support Trump because he threw some promises their way while Biden treated them like a bunch of weirdos who want their own money. To be honest, Trump at least looks like he knows a thing or two about how bitcoin works. I'm sure Biden has no idea.

Well don’t leave us hanging, state your case! I’ve heard of the twins, vaguely, but know nothing of Gemini.

To be honest, I don't think support from Winklevoss or Elon Musk would change much things for his re-election, neither his turnaround about cryptocurrencies. I don't think many americans will vote for a candidate based on his political measures towards the crypto industry and crypto users. Even people holding pretty large bags are not likely to do it IMO. People are waiting for changes and especially improvements, in their daily life. Most of them know cryptocurrencies can't do that by their own sadly.

The odds doesn't really matter right now... trump may get serious with his ambition and things could go down a little bit lose for the Americans...what will be,will be

The political sector don't really care how the effect of censorships will be on the ecosystem, neither do they care about how you'd feel... If they legislative sector agrees and passes it on, it takes effect and obviously, Trump was the minority.
Edit: He's had too many validations already , whatchu gon do? Democracy has long been turned into a piece of candy at walmart that sells for the least 30 cents. Anyone could toss it around if they had enough in their pockets.

I think this goes too far. As far as I have been following things that Trump said, he has mentioned crypto a couple of times for strategic reasons to gain some more votes as it could become very close, but I believe that many of the Bitcoin people are still skeptical whether he will fully stand behind the Bitcoin industry once he gets elected. I am not convinced to be honest. There wasn't all that much talk about it from his side. He just brought it up a couple of times, but more like a side topic.

The donation itself, well it could be meant in a manipulative way that Trump now makes very clear statements about Bitcoin and its future in the United States. He may think that more money might flow in for his election campaign. We will see how Trump will either honor this donation or just leave it as it is.

By the way, in a couple of days there is the first TV duel between Trump and Biden. I wonder if the topic will be brought up there.

It's difficult to say, all these things happen behind the scene. They may just want some lobbying power in the future for a lot of things that may not even be related to cryptocurrencies. But they definitely want something in return which is why I wouldn't use the term "donation" to describe such payments of this scale by such people.

He became a convict in a demrat court means nothing to his voters as far as I see. In fact, many demrats became trump supporters after he became a convict(!) so demrats actually shoot themselves in the foot by messing with trump in court. You have no idea how these things work.

It was a blessing for trump now he is a hero. That conviction thing added another 2-3% points to him probably.

To give money to presidentiables has always been a thing for rich businessmen. It's always an excellent investment. To a certain extent, it's grease money. To a certain extent, it's protection money. As always, this isn't just a donation. It's for buying something.

While some are saying that this is a Bitcoin election, I don't think so. A presidentiable's stand on Bitcoin is not enough to make him win or lose the presidency. Surely, Bitcoin isn't the heaviest issue among voters right now.

It's not an outright gift though as that can be considered bribery, although it's bribery, they like to call these bribes as gifts or donations so it doesn't tick the boxes of the bribery laws in the US. Totally agree with you though that this isn't a bitcoin election, I don't think that it's ever going to be like that anytime soon, I'm sure that bitcoin will probably be just a footnote once those that are trying to be elected wins the election, like any other politicians out there, they're probably going to focus more on the stuff that would matter for them the most like a legacy or a policy that would keep their influence intact.

I agree with you that Mr. Trump only mentioned supporting cryptocurrency in a few statements, he never spent much time seriously discussing it. But we also need to know that the cryptocurrency industry is still not a field with a large number of participants, or plays an important role in the economy of a country like the US. It is just an emerging trend and is gradually becoming popular. It cannot be more important than other issues such as promoting the economy, immigration, war...other painful problems in society. So we don't need to be too picky about why he doesn't hold any dedicated discussions on cryptocurrencies.

I feel that Mr. Trump's strategy is to attract and win the trust of minority voters in society, and cryptocurrency is one of them. Just because we are crypto investors we feel dissatisfied but for other voters, they care about other things rather than focusing on crypto like us.

It's really strange for me why there are some pro crypto people that don't support him

To us, who are looking at all this from outside the US, it all looks like a very bad combination of hypocrisy, sick obsession and delusion among American voters. I don't see how people can even look at themselves in the mirror if they choose one of the two options offered - because both are disastrous in every sense.

It is more than obvious that the only thing that has absolute power in that country is only money, which can buy you a medical certificate that you are healthy while you are obviously demented and lost in space and time - or on the other hand, you can launch a coup d'état, cheat on taxes, paying prostitutes for silence and who knows what else and that people prefer you because of that.

It's not strange to me that there are people like Biden or Trump in that country, but there are obviously hundreds of millions of them who live in a really strange world that is hard to explain to us who don't live there.

While I don't know how serious this source (https://www.security.org/digital-security/cryptocurrency-annual-consumer-report/#:~:text=Cryptocurrency%20awareness%20and%20ownership%20rates,cryptocurrency%20over%20the%20next%20year.) is, it does state that:


Now this is mostly discussing ownership and there is of course much more to Bitcoin than that, like the infrastructure and especially the mining industry, but I guess there is a good number of people that would like a president with a favorable stance on Bitcoin. Given how close the last election was between Trump and Biden, I wouldn't underestimate the effect of getting Bitcoin people on board. But in order for that to happen, I think Trump's stance so far has been too weak and it doesn't make the impression that he is ultimately serious about it.

This could still change though in the next few months. But I wouldn't be shocked if Biden loosens his position a bit to somewhat neutralize Trump's position. At least in terms of communication. As far as I know the Biden administration was trying to pass some laws that were clearly against it. 

I also just heard the news, one form of support for presidential candidate Donald Trump because in his campaign if elected he will support the development of crypto. But from the news that the donation exceeded the individual limit allowed by federal law which is $ 844,600 so each will be returned about $ 155,400. This highlights the former president's growing support from the cryptocurrency community, as his campaign's acceptance of Bitcoin donations reflects his favorable views on crypto.

https://www.talkimg.com/images/2024/06/23/hEHTf.jpeg

Probably trying to avoid in the future having to pay another 1 billion in damages like in their last Gemini-Genesis screw-up?
But they donated 2 million for crypto, for Trump....much wow, such nice guys, vote now wow!

Where were all those supporters when Trump signed the new taxes on bitcoin mining equipment driving up the price, and now he comes and promises all coins will be mined in the US...
I would almost like to have Trump winning just to see 3 years from now the faces of all the crypto users that voted for him in dismay as he will shit on every single promise he has made.

They pledge allegiance to the brainwashed cult of The United Cesspit of America.  One nation under a make-believe deity.  Corruption and Injustice for all.

The rest of the world will no longer recognise it as a sovereign nation, merely as a crime syndicate.

There are always behind the scenes transactions in between, I always notice that in the political space, the twins may have agreed on something with trump if he is elected will get the things he wants, because if you think about it it is impossible to give selflessly just because Trump supports bitcoin, I think there are still many questions that need to be asked about this.

Today Bitcoin is being spun as a political issue between Biden and Trump's fight, it's really very sad, maybe Trump learned from the elected presidents of El Salvador and Argentina who won their elections because they used bitcoin in their campaigns.

Are we going to see the next big thing in exchanges? I'm starting to get scared when these exchanges show who they are working with or trying to support for a cause.

I just remembered how SBF had some exposures like this from the politicians. But I guess every rich person has their own political bet and it's always a hot thing when it's approaching.

5 months from now, we'd see more of these supports from the two front runners.

I'm not sure how the rich and powerful in your country do their thing there but-- although I haven't been one of them-- I guess how they do it here is to appear to donate willingly and without expecting anything in return. The rich and powerful and the politicians know how to read between the lines. So, it's either the politician takes note of this when he wins or the rich donor comes to him some time in the future for something that needs the most powerful intervention.

Anyway, Nayib Bukele and Javier Milei didn't win because "they used bitcoin in their campaigns." Both the populist Bukele and the eccentric Milei didn't earn their popularity by supporting Bitcoin. They would have won just the same even without mentioning Bitcoin. It's only the Bitcoin supporters, especially the Bitcoin-centered publications, who exaggerated the role of Bitcoin. Bitcoin wasn't a hot issue in 2019 when Nayib won his first term in El Salvador. Neither was it a big deal when Milei got the presidency in December of 2023.

Although I am a bitcoin investor and always interested in any news related to it, I have to agree with you that bitcoin is not a hot topic during the election campaigns. The popularity of bitcoin and the number of people using it are increasing, but that does not mean it is the center of attention in the world.

The role of bitcoin in the world economy has not yet had a significant impact, while to be able to become president, politicians need to ensure the country's security and economic development. And to do that, there need to be thousands of factors related to foreign economics, import and export, economic and monetary policy...bitcoin has never been a hot spot and can play a key role in ensuring a developed economy. We need to accept that reality, it is not yet time for bitcoin to become the focus of the world economy.

The money is nowhere near as important as the message that it sends, Biden was taking a strong posture against bitcoin and altcoins, the issue with this is that the US has a lot of bitcoin holders and many of them are young which do not hold any kind of loyalty to either party.

So Trump played his cards right and took a softer stance, and that alone could earn him enough votes to win the upcoming presidential election, now it would not surprise me if Biden realized this and changed his stance, but  I do not know how many voters will actually change their vote if he does this.

That's their own opinion and vision, we can take Sam Bankman Fried who also donated to the election campaign of Biden.
I am not really familiar with the politics of the USA especially the presidential. What I am only afraid if these donations will have connection to some market manipulate especially in cryptocurrency, but if all will be good and no manipulation or illegal things, it's all good.

Trump, is leveraging on the rising popularity of Bitcoin to gain more votes in the coming election, he knows that the number of Americans that are into cryptocurrency is increasing. So it doesn't really matter what his personal stance is on cryptocurrency, what matters at this time is to align with what will give him votes and that is being crypto friendly. The brothers donation is a boost to getting votes from the crypto community in America, if more notable bitcoiners will be openly giving him support, I'm sure that it'll be an edge for him against Biden, that has clearly shown lack of support to the growth of Bitcoin and the rest of the cryptocurrencies in America..

Here's the thing, besides Saylor, I don't trust any "KOL" on the crypto industry anymore, cause after Elon, CZ, SBF, and other motherfuckers out there, a pattern emerges where most of these clowns will either shill coins they themselves made, or in support of, so they can fill their bags up, and then fuck off when shit hits the fan and the market crashes, SBF did something even worse but that's besides the point. The Winklevoss Twins can be great and all that but I'm not gonna be swayed into buying nor spreading the word about crypto via word of mouth just cause they are advertising some convicted felon who was once against bitcoin and crypto, mind you.

He's doing everything he can cause he knows getting into the presidential seat is his only ticket to freedom at this point. The moment he loses this election, he's getting in the clinked getting his ass shined by other inmates. Don't be stupid and see how shit is really looking like.

The news article reads that the Winklevoss twins donated $2m in Bitcoin. Not USD. Would you imagine a bull market before the elections? The donated money will be even larger. Assuming Trump doesn't convert it to Fiat. With support from both the crypto and oil industry, Biden won't stand a chance against Trump. We'll only know for sure when the day comes...



Nothing on the US Constitution says a convicted person can't run for President. My guess is that Trump will govern the nation in jail if re-elected as POTUS. In a wild twist, President Biden could pardon Trump and reunite both fronts (Democrats and Republicans). It's the least he could do to prevent the country from tearing itself apart (if you know what I mean). We can't imagine another Jan 6th (insurrection) repeating itself. Right?

Even more strange how out of all the american politicians out there, we decided to put these two old geezers on the ballot again.

So when all the other world leaders are meeting in person at some global summit or another, they're just going to have a live video stream of him in a cell?  Yeah, that'll make the US look great on the world stage.   ::)

And on top of that, people want this image associated with Bitcoin too?  Trying to stifle my gag reflex here.  In all seriousness, do people really understand the ramifications of this?  It's like some sort of sick joke that people could even entertain the possibility that a felon could run a nation from inside a jail cell, let alone that anyone wants to support said felon by sending him Bitcoin.  I swear you've all lost the plot.

Well, of course, this is a good opportunity for those new exchanges to publicly make their platform known to many, and there we have it: Trump got a huge amount of money to fund his campaign. I dont know what the real intention of Trump is, but no matter what it is, his plan is working, and I'm sure not just one exchange platform will donate to him. Because of this news or article, some more exchanges will also donate to take the opportunity to advertise their platform. It might be a win-win situation between Trump and the owners of exchange platforms, but I'm a little bit worried about what will happen after this campaign. Will the people you are supporting keep their promise about bitcoin? Or this is just a promise that will be forgotten, who knows? But of course we all hope that, that is the case right? Because we also want to benefit from it, someone with big influence will affect the bitcoin.

I feel happy that Trump is bringing Crypto into his politics. This means that he will definitely give more room for crypto to flourish. But on this issue I don't follow this news much. But I read on Wikipedia, it seems that the unfair election factor led Trump supporters to storm the Capitol which disrupted a session with Congress when the vote from the Electoral College was cast. So there were several victims who died.

This condition will certainly be taken advantage of again by Trump's political opponents. I don't understand whether he is indeed guilty or not. For political opponents, of course, the situation is advantageous, but for Trump and his party, it will put them at a disadvantage. This is why I don't like to talk about politics, they will kill each other when they want to win.

This happens when a radical side polarizes the nation to get votes. We had the same thing here many years ago and in that election we both had one of the highest participations and the mot polarization of the nation. When the radical side loses they create chaos with empty claims like electoral fraud, demanding recount, etc.

So the solution isn't to pardon the convicted felon, the solution is to battle the polarization and shut down its outlets like FoxNews that was one of the main reasons for that "insurrection"...

Yes, it will bring a positive vibe to Trump's election campaign and with the support of the crypto community this time Trump may manage to win the coming elections. Trump is getting support from the crypto community because of his positive outlook of crypto-currencies and if that continues then surely Trump will compete very well and win the elections.

Trump is winning the support of the crypto community around the world, not just investors in the US, but that does not mean he is certain to win. Cryptocurrency is just an emerging field and is very small, the number of voters from cryptocurrency is insignificant, so his trying to win these votes does not guarantee that he will be elected president.

But the fact that he is supportive and optimistic about cryptocurrencies is a positive for us, because at least he openly supports them, unlike the current government that is trying to find ways to stop cryptocurrency development. I'm not from America but I also bet that he will win.

But seemingly only the gullible and stupid portion of the crypto community.  The same types of people who have put loads of money into NFTs and memecoins because they're so easily mislead.  Such people habitually make foolish decisions and are destined to be life's losers. 

Difference...: no, maybe, yes it is for the Twins, money "elects" candidates and stimulates voters, if any American believes that Trump is the best option for bitcoin, I don't think it is the perspective, it is the least bad , and that guarantees that for ordinary people, their options are always in the delirium of political adjustment.

It will look very bad, tbh. The US never had a President with a criminal history (AFAIK). If Trump is re-elected, it will be the first of its kind. His support of BTC is none other than a tactic to grab voters' attention. During his first term as POTUS, he treated the crypto/Blockchain industry quite lightly compared to his Democratic counterpart (Joe Biden). Maybe he'll do the same in a second term? Although, being a convicted felon would give the US a very bad image to the world.

RFK Jr. would've been a better option, but his followers/supporters are quite the minority. What will happen ater Election Day is a mystery. One thing is certain, and that is Bitcoin will survive no matter what. Assuming it stays decentralized. :D

The US has never had a government this blatantly corrupt before.  President Trump will need to correct that in his third term.

It’s time for major cryptocurrency influencers to engage in politics.

If this result is correct, I will be quite surprised that the Biden administration is ignoring and has so far not had any impact on this group of voters when they make up 40% of the US population. Although not all 40% of these voters will trust and support Mr. Trump, it is clear that Mr. Trump's public support of cryptocurrency will have a significant impact on this group of voters, while Mr. Biden completely completely ignored.

Meanwhile, I found another result and there is a big difference from what you found. Only 15% of Americans participate and invest in cryptocurrency. Therefore, I still maintain my opinion, the issues that American voters are concerned about today are inflation, economic crisis and war rather than cryptocurrencies.

https://www.talkimg.com/images/2024/06/26/hrOZg.jpeg

Source: Triple-A

Haha. You're right. This has been the worst administration in US history. Soaring inflation, rising geopolical tensions (due to poor foreign policies), etc. has completely destroyed America. Our only hope would be having a President who puts America's own interests first besides others (America First). Donald Trump fits the bill nicely, despite being accused by Democrats of criminal charges.

Crypto wasn't heavily-regulated during the Trump administration, so things will look brighter for the industry if Trump is re-elected. At least, that's what I hope for. If he doesn't keep his promises, crypto supporters will choose another candidate during the next elections. Simple as that. Only God knows what will happen in the future. :D

Yes, you are correct Bitcoin and cryptocurrency were not heavily regulated when he was the President. My question is will the deep state allow him to remove those regulations. They were the ones who removed him and got Joe Biden as the President. He is according to me one of the weakest President that the US had and I have serious doubt that Trump will be the next President. They will again get Biden back and make more tough regulations which will be in favour of the financial institution that are now slowly trying to get hold of every Bitcoin that is in circulation.

Biden is too old to run again for President. He would not survive a second term. Trump, on the other hand, is much younger and healthier than Biden. The Winklevoss twins made the right choice by donating the BTC to Donald Trump. With both the oil and crypto industry at Trump's side, Biden's odds of winning back the White House are slim.

People are so angry with the current administration's mishandling of foreign affairs (which caused both the Russo-Ukraine and Israel-Hamas wars), rising cost of living (inflation), and inmigration. Trump promises to fix all of that after re-election. If he keeps his promises, the Republican Party will win again by 2028. Fingers crossed everything will go well for crypto in America soon. :D

"Much younger". Did you look this up before you posted that? Trump and Biden are basically the same age.

Approximately zero Americans are going to vote for Trump or Biden because of... cryptocurrency. But if they do, all they will vote on is that Bitcoin went up 500% under president Biden.

This election is, among other things, about whether abortion will be made illegal or not. If Trump wins, it will most likely be illegal across the country. If Biden wins, it will stay legal where it is today. This issue is a million times more important to Americans than Bitcoin is.

I just saw the debate between the two opponents and Biden didnt do too well. I am sure he would of done an excellent job if he was younger but he just doesn't seem physically fit to stand this role for another 4 years.

I am not into politics at all, but I am pretty sure the Winklevoss twins know that Trump will most likely win and they want to make sure Trump keeps a positive stance on Crypto unlike Biden is currently doing. Hence they are donating all this money so crypto can be regulated and not restricted under Bidens administration.

Quoting myself here because now I think we have got our answer whether anyone of the two guys will bring up Bitcoin in that duel. Trump is a lier and probably anything but a Bitcoin supporter and Biden might have just forgotten about the topic during the show :D

Innovative technologies weren't even mentioned, so I guess a decentralized currency is very far down their agendas. It is more likely that Trump received a couple of Bitcoin donations and noticed that there are voters to be won.

I suspect a lot of folks like the Winklevosses are simply hedging their bets. If Trump wins, they are buying themselves a special place in the administration, allowing them to potentially curry special favors that could be worth billions--thousands of times more than their initial investment.

If Trump doesn't win, they will just keep doing what they have already been doing under Biden, which has probably made them a lot of money as well.

Since Biden is not corrupt--and Trump is--it makes much more sense to invest in Trump right now.

Democrats or Biden per se? Of course, Biden is not corrupt (even though it's been alleged that his son used his influence for personal gain). The man recently admitted that he can't walk, talk or debate. He's like with one foot in the grave.

But when it comes to the Democratic Party? There are plenty of allegations of unethical behavior. When you vote for Biden, you're essentially voting for the Democratic Party. It's frustrating how they've framed it as if you're voting for the man exclusively.

Biden has definitely declared a war on crypto, and whilst Trump has been against it in the past, there is nothing wrong with him changing his mindset to support it. Yes it's a lot of talk right now, but it will be really interesting to see what he does when he gets into office. Let's not forget that Michael Saylor in 2013 said that Bitcoin will go to zero, now he holds billions in BTC. The same applies here, let's be open to Trump changing his mind on Bitcoin.

Doesn't really feel all that shocking to be fair. These are kids who were raised by the biggest highest elite network of people, they were born to a rich family, they were raised among other rich people, they had millions even before they did anything else, they made billions off some questionable situation as we all know, and they then made even more from bitcoin itself.

When you combine all of this together, a Trump presidential period where he gives tax brakes to rich people and lets crypto world run free, sounds like the ideal situation for Winklevii. It is true that we are not going to end up with trump being good for 400+ million people there, but for high class elite level few generations wealthy people will benefit from it without a doubt.

Bitcoin went up 500% under president Biden.

Biden has not "declared war on crypto" or anything even remotely like it.

Biden has declared war on criminals who screw up the market in the way FTX did to the price of Bitcoin.

If you want a new FTX to happen about once a month, vote for Trump, because Trump will pardon anybody who gives him enough money. And financial criminals running wild in the Bitcoin market will send average retail investors heading for the hills, which will absolutely destroy the price of Bitcoin.

That lobism thing in the USA was always strange for me. Rich guys buying what they need from gov

I highly doubt that the number of people who actively own crypto are that big, also I highly doubt that people who make crypto their part of personality would be that big, plus I also doubt that people would switch their votes just based on crypto related thing by that much number. So what we have right now, is people who would normally vote for Biden, but because Trump made some pro-crypto remarks, changed their votes to Trump, and that would be how many?

A few thousands at most? Don't get me wrong on a close election it does really help, but Trump will lose popular vote anyway, so he needs to focus on just very tiny few places to get those places to switch, and crypto is not the way to do that, he needs to be there on land, shaking hands.

Well, crypto is becoming more mainstream with the approval of spot ETFs. The craze is far from being over. We're seeing an influx of new people joining the crypto train. While the majority of Americans aren't invested in crypto, a small portion is more than enough to make a difference in the elections. Trump knows what he's playing at. $2m is a lot of money for his political campaign. It could be more than enough to help him win back the White House. We'll see.

Regardless of what happens after the elections, Bitcoin will continue to work as usual. At this point, it's unstoppable. If America rejects crypto, the industry will simply move to other countries with a friendly regulatory environment. That's the beauty of decentralization. Hopefully, BTC stays decentralized forever. :D

USA never had any president that were a convicted felon in office otherwise from what I can tell, in the very short US history from its inception all US presidents have committed countless crimes. From the slave-master George Washington (1st president) all the way to Joe Biden (last president). It's just that their crimes become known to the public after they leave office.

As terrible as it was, Washington's ownership of slaves was not a crime when he was alive.

No other US president besides Trump has ever even been indicted of a crime, let alone convicted. Trump is absolutely unique in this regard, and by a gigantic margin.

And this goes for after they were in office as well. The closest the US ever came before Trump was Nixon, but his crimes were rather puny compared to Trump's--and he was never indicted nor convicted.

The US electing Trump will truly put the country in a place that it has never been before. Our country will, quite literally, be run by criminals.

Trump's decision to open the gates for crypto is gonna be a major point when considering the other contenders and their agenda.

America has been marginalized in the space for a while and I believe that the best thing to do is to support whoever has a knack for crypto amongst the candidates and Trump happens to be at the center of it all.

definitely the twins are cooking something, since trump is a pro crypto the brothers take a gamble on trump who is for sure have an edge this coming elections, this is what people do, i don't think this twins will throw a money and get nothing in return.
https://www.cnbc.com/2024/07/01/donald-trump-crypto-take-aim-at-sec-as-biden-allies-raise-alarms.html

America will be run by criminals if Trump is elected, so what will America be like when an 81-year-old man who has almost lost his cognitive ability becomes president? Trump is accused of being a criminal while Biden is too old and doesn't even realize what he is doing. I really don't know what's going on in American politics, are they making a fool of themselves for the whole world to see? Don't they have any more worthy candidates than these two? Because what I find most people complain about is more than they praise. If I were an American citizen, I would not vote for either one, neither of them is worthy of being president. America's era will end regardless of who becomes president.

Trump is not "accused" of being criminal, he has been indicted for 88 felonies and convicted on 32 of them so far by a jury of his peers. Trump is, objectively and by any definition of the term, a criminal.

As for how things would be under Biden, I would say that things will be... pretty much like they've been in the last four years: when Bitcoin went up 500% under president Biden.

Trump is promising massive change to the US legal system, and he threatens to turn the system upside down wherein it protects criminals like himself and prosecutes innocent people like his political enemies.

I'm starting to wonder if it's all some sort of elaborate test.  Like "What are the worst possible candidates we can field before Joe Public gets a clue and starts voting for something other than the continuation of the two-party system".  If America elects either of them, the nation deserves to implode, frankly.  And I know my own nation, the UK, isn't much better with its own mostly-two-party system.  But the UK is already effectively a third-world country where we can't even get clean, sanitary water from our pipes.  People need to stop voting for shit (and you can take that meaning quite literally in the UK if you go near the rivers or the sea, it's all raw sewage now because we're a failed state).

I thought Trump promised to "drain the swamp".  Now he seems to be the source of the swamp being filled.  Corruption, lies, even violence.  And people still think it's great that two shady cryptobros gave money to him?  I give up.  Some people can't be saved. 

UK water is cleaner then US water. majority of the US just take water from wells that are drilled from aquifers, so its the US water supply that is more comparable to third world. we brits get enough rain to fill reservoirs that are then treated to be cleaner, we dont need to rely on wells

as for UK politics. think of it like the King is king and each election term he dismisses the current management company and allows citizens to vote on the next management company(government) the election winner has to approach the king and the king signs them into power. you you dare learn this stuff you can learn alot more avenues we brits can change the system

america is different and is very much a "2 party system" where both sides usually are based around the same political education and indoctrination which makes them not very different from each other apart from the vague pledges/promises they make at election competition time

Most water in the US comes from rivers and lakes:

https://quenchwater.com/blog/where-does-drinking-water-come-from/

And most of the time it's... pretty clean. As anybody who owns a piece of land with a creek running through it can tell you, we have pretty hard-core regulations here when it comes to water.

Don't get me wrong, I absolutely love British politics (very abstractly, from a distance), and the fact that you have multiple parties and the public wildly swings for or against one or another. Politics seems to be far less entrenched in the UK than here in the US, where we are absolutely stuck on two parties and it's basically impossible that will ever change.

But we're actually doing okay here when in comes to... water. :)

as previous poster notes 36% of the US residents do their own water acquisition(ground water), especially in many states that dont have big cities/lakes
however in the uk even in small villages, everyones house is pretty much 'on the grid'.. there is a big difference between UK/US utility infrastructure
also the US has had many water disasters of poisons found in water sources where fema needed to truck in bottled water for months to some towns/cities.

in short dont believe the stories that the US is "the greatest", its not.. and no trump cant make america great again, it never was... but keep pursuing the dream

That's actually not what the data says. The 36% is the amount of water that is obtained by wells, which includes municipal and regional wells. 36% of Americans do not have their very own hole in their backyard where the water comes from :).

I wouldn't say the US has had "many" disasters, although there have been a notable few. I guess if you just go by one story and not, say, scientifically calculated aggregated data, then there's this story I found after one googling:

https://geographical.co.uk/science-environment/britains-water-crisis

The USA has a lot of problems, but I don't think a lack clean water is one of them.

Trump is not a real supporter of Bitcoin and I think it's clear for everyone that his motives are only to win the election and do whatever he wants with that power. Biden, on the other hand, is a total mess. I have no idea why he does what he does. He should stay at home and live that way. His physicality and mental abilities prove that he is not someone to be a president, let alone the president of the United States.

Trump said that he wants all the remaining Bitcoin to be made in the USA. Does anyone really think that he is the guy who supports Bitcoin? This statement means the support of centralization and is anti-Bitcoin.

you might want to check on california, nevada, arizona fight over water
america is not as great as you dream it to be, and no MAGA hat will change it

I'm drinking a glass of pure American water right now. It's great. :)

Is it just a coincidence that with every percent Trump moves ahead in the elections the bitcoin price dumps as well?!! :o

There were no United States to have laws to recognize it as a crime either. Otherwise slavery was a crime in the rest of the world except the West where slavemasters ruled.

It's not coincidence but it's how market makers wisely use any potential bad news to turn it to negative sentiment in the market and force the price fall.

If we see that Bitcoin need to have correction and accumulation after many months of bullish since 2023, latest corrective months can be explained without any relations to Trump's chance to become an Elected President in November this year.

Nearly three months since a latest Bitcoin halving in April, price is about 10% or a little bigger from 2021 all time high and people are panic. This price is good enough to enjoy, not to be panic and top of this bull market, a new cycle since April halving is only at beginning.

Bitcoin profitable days so far is 97.5% https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/ and if people can hold their bitcoins for several months, I believe risk to have loss is small, as said the bull market won't end soon.

I completely agree with the correction explanation, but here is the problem how much fall is categorized as correction? What percentage and to what support?

We've been coming down from $72k and I personally can consider prices down to $60k to be correction which is a strong support. But as we go lower, it becomes harder to call it a correction. It starts looking more like a crash and maybe even market manipulation; speaking of a crash we just touched $57k range.

If Trump were a criminal, I would be more confused with the US constitution and politics. Why did they let a criminal become a presidential candidate? Are they helping and supporting criminals to become president?

You should stop repeating that bitcoin increased 500% under Biden because the growth of bitcoin did not only happen during Mr. Biden's term. Bitcoin has been around for 15 years and it has gone up millions of percent without caring who the president of the United States is. I bet you no matter who becomes president, they will not be able to stop bitcoin from growing or even without America, bitcoin will still exist and grow. The US does not represent nor has the right to decide the existence and development of bitcoin.

This price range was touched in early May, two months ago and now we just touched it again. If price can not hold it, it might crash to $50,000 or $51,000 which can be held for a while. It will create panic but I believe price will hold around $50k to $51k and won't dive more to $43k to $45k.

I completely agree with you with a conspiracy theory of market manipulation but could I ask you what is your vision for this market cycle?
My belief is market will turn to bullish in late of 2024 and first two quarters of 2025 that can be time for consideration of 2024 - 2025 market top.

What about RFK Jr.? He has previously shown support for Bitcoin. I'm surprised why no one is taking about him in crypto land. All of the attention is on Trump now. Especially when he promised to free Ross Ulbricht.

I guess the crypto industry views Trump more favorably than Robert F. Kennedy Jr. (RFK Jr.). Still, he could make an impact at the polls. RFK Jr. might reduce the number of votes for both Biden and Trump. It'll be an interesting event to watch this November. The US is "sailing" in uncharted waters. So expect the unexpected. :D

Lol. Imagine donating money to the campaign of a billionaire. I think there must be more behind this than we are being told. Perhaps some kind of secret business deal ? That would make much more sense.

Businessman will not donate their money to politician if they don't have any business interest to protect. For sure If Trump win on his presidential bid there would be a return of favor so for sure that Winklevoss twin or Gemini will benefit on it.

That's how businessman and politician deals to extend their influence, but lets do hope that they will not create chaos on crypto space and everything what they do will be aligned to what people like or simple term all of us should provably get benefit on possible support or positive actions towards bitcoin and crypto.

Yes, indeed, the point that you have raised is a very fair one. The term, ‘Correction’ is also quite relative and often determining the magnitude is not always an easy task. Here there is no such expectations regarding certain percentage, though, there is a general opinion that correction is made when the price drops to between 10/20 % of the new high. To them, anything below 20% they may perceive it just as something more severe like a manipulation in the market or a crash.

Therefore, you were right by defining the decrease from $72k to $60k as a correction when $60k was a solid support level. Hence, further decreasing the rate down to $57,000 triggers some doubts, if it's still actually still a correction, or if it's now a crash or some manipulation as has been mentioned by you here also.

However, it is important to note that the cryptocurrency market is very volatile, and changes in their prices are quite common as they're being triggered by various factors. Some of these factors include change in market, regulations or the state of the world economy as regards to prices.

It is therefore important that in one's analysis, one should incorporate  more technical things like the charts and trends as well as more fundamental factors like the news and market sentiments. Collectively, these techniques could help investors make better choices to a certain degree.

Just to be clear, Trump absolutely is a criminal. He has been found guilty by a jury of his peers. There is no debate over whether he is a criminal or not.

And yes, the US constitution has certain bugs in it, and this is one of them.

As for why the Republicans want a criminal for president, I guess there are a lot of reasons, but the analysis I've seen said that many Republican voters know that what they want isn't actually very popular (e.g. making abortion illegal), so they know they need a criminal in order to make their policy goals happen. In other words, many Republicans are voting for a "strongman" who will override democracy in order to get them what they want. Hence Trump's criminality is a feature, not a bug.

Bitcoin in fact increased 500% under president Biden. That's just math.

And the US president absolutely could, with a mere gesture, send the price of Bitcoin down 95%. Imagine if Trump decided that Bitcoin should be replaced with his own personal crypto that he says is "better" somehow, and he said that Bitcoin should be outlawed because it is "bad". You would instantly lose all US investors if that happened, and the rest of the world would panic and sell off their holdings because the US could use it's power to sanction other countries as well.

Yes, Bitcoin would still technically "exist" like it did in 2010, but the audience for it would go from millions to a few hundred.

Bitcoin is particularly hard to predict these days, unlike before.

I'm mostly looking at interest rates, with them being high less capital comes toward bitcoin. I also think as long as there is uncertainty in the economy as a whole, it is hard to see an actual bull run in bitcoin.
There is also the global tensions which leads people to buy the less risky assets like Gold and liquidate riskier ones like bitcoin.

But apart from the negative, we also had the halving this year and the supply cut (sell pressure) by 50% has to show up slowly and help with the rise.
So I could see some decent rises this year, maybe even crossing $70k before the year ends.

While politics are sensitive and things aren't as easy as it looks and can't be explained 100% on one side or the other. Republican candidate getting donations from rich folk isn't a new thing neither though, it's quite normal and ordinary at this point. I get that we are going to see Biden getting money from billionaires too because we are seeing just two candidates and when you have only two, and people ignore "donations" that means people can vote for both sides at the same time.

We need to consider the fact that we are going to end up with a greater return without a doubt. For the first time in the history, people are actually caring about who donates to who, and that means people care if presidents will owe anything to anyone and rule based on that. So this is important info.

Of course. Trump doesn't need the money. He is already wealthy. This is just a strategic move from the Winklevoss twins. Maybe it's to look out for Gemini exchange's best interests after he's re-elected President of the United States? Who knows?

With the $2m alone, Trump would have plenty of resources to guide his political campaign all the way to victory. Biden doesn't stand a chance. Democrats need a better candidate that would be considered worthy of challenging Mr. Trump. But for some reason, Joe Biden doesn't want to step back from the race (even when the recent political debate was disastrous). The crypto industry (and possibly, the oil industry) is with Trump. Not Biden. We're just a few months away from Election Day, so anything can happen.  :D

He was wealthy.  Not fully convinced he still is.  After all his failed business ventures and now that many of his assets are revealed to be not the value he purported them to be, plus the cost of constant litigation and legal fees, I'd say he's now considerably less wealthy.  

Probably why he's asking for donations in Bitcoin from gullible chumps, like some of the people in this topic, and opportunistic sleazebags like the twins.

There is always a personal interest behind political donations and that is how politics works. Donors will benefit if their candidate is elected, while candidates need to donate not only to spend on election campaigns but also to show that many voters are supporting them. That's why the two sides always publicize the donation amount every time they receive a donation, it's a way for them to tell the public that they are receiving more support.

Currently, according to some surveys, the support rate of both is not too different and Biden did not lose too many voters after a disappointing debate performance. Furthermore, the recent debate is not a measure to determine who will be president, so it is still very early to say that Trump will win even though he has a slight advantage over Biden.

https://www.talkimg.com/images/2024/07/05/oFTAv.png
https://www.reuters.com/world/us/biden-democratic-allies-raise-264-million-second-quarter-2024-07-02/


By the way, Mr. Trump just attracted more attention when he sparked discussion about turning bitcoin into a strategic reserve asset. If he is elected and this comes true, how much will bitcoin cost in the next bull season?  ;) ;) ;)

https://www.talkimg.com/images/2024/07/05/oFtIH.png
https://www.forbes.com/sites/digital-assets/2024/07/03/trump-sparks-talks-of-bitcoin-as-a-strategic-reserve-asset/

Bitcoin was overbought, we reached 72K from 15K, there has been steady growth since 2022 and this is the first time in recent history that we reached ATH before halving. Is it a crash? Hard to say, maybe it's a crash but it was unavoidable and I think very normal after such steady growth but it will go to the moon in winter.

Every politician is a criminal but my question is, why did the USA let Biden be a president? This man is a walking dead. My other question would be, in the USA, with a population of 333.3 million people, wasn't there really a better candidate? Also, Trump is 78 years old and Biden is 81, they might die of a heart attack today or tomorrow, were they really unable to find someone younger and more open-minded and sane?

I'd say that a couple of years ago he was not in this so bad shape (too old, still not this bad).
And, as I've seen written somewhere (sorry, I don't remember where so I could quote), this year the Americans have to choose between a jester and a corpse. I'm not sure which is worse. And Trump is old too.

I'd add that last time it was between two very old men, off which one was already proven himself (and not really in a good way) as POTUS.

Seeing Mr. Trump selling his own line of sneakers, a customized Bible, and even his own NFTs, tells me he's desperate for money. Either Trump lost his fortune, or he's hoarding money out of greed. This $2m donation in BTC by the Winklevoss twins is a hefty sum of money. But now it's worth sightly less in USD terms. That's assuming Trump didn't sell the BTC immediately for USD. Gemini is betting big on Trump to win back the White House. But what if Trump loses his re-election bid? Then all would be nothing but lost. Things will get interesting during Election Day.

I can't imagine what the fate of the crypto industry in America will be after either one of the candidates (Biden or Trump) becomes the next President of the United States. I didn't mention RFK Jr. because he doesn't a large number of followers behind him. The odds of him losing are big. We can't predict the future, so lets hope for the best. :)