Winklevoss "Gemini" twins donate $2m to support Trump

[Abiky]

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.

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...

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.

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?

[NotATether]

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

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

[DooMAD]

My guess is that Trump will govern the nation in jail if re-elected as POTUS.

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.

[Assface16678]

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.

[Luzin]

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?

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.

[pooya87]

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?

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"...

[SamReomo]

What do you think about this donation? Will it make a huge difference on Trump's re-election campaign?

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.

[CryptoBuds]

What do you think about this donation? Will it make a huge difference on Trump's re-election campaign?

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.

[DooMAD]

Trump is winning the support of the crypto community around the world

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. 

[famososMuertos]

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.

[Abiky]

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.

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.

[C10H15N]

...The US never had a President with a criminal history (AFAIK)...

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

[cryptocoupons]

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

[fuguebtc]

~

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.

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.

While I don't know how serious this source is, it does state that:

Cryptocurrency awareness and ownership rates have increased to record levels: 40% of American adults now own crypto, up from 30% in 2023. This could be as many as 93 million people.

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.  

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.



Source: Triple-A