Donald Trump's stance on Bitcoin is changing, the Trump pump is beginning

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bbc.reporter:
It appears that after having Larry Fink as the new mayor of bitcoin we might have a president of America that will be supporting bitcoin if Trump gets the victory on November hehehe. This is certainly shocking and very unexpected. I did not know bitcoin and the cryptospace would bring him much votes because why is he doing this if this is not a trick for bitcoiners to vote him?



Former United States President Donald Trump and the leading Republican candidate for November’s election appears to be warming toward Bitcoin  BTC +1.25% , having been critical of cryptocurrencies in the past.

In January, Trump said he'll “never allow” central bank digital currency issuance in the U.S. if elected. “Such a currency would give the federal government, our federal government, absolute control over your money… They could take your money and you wouldn’t even know it was gone,” he warned at the time.

In a recent town hall on Fox News, alongside South Carolina Senator Tim Scott, Trump was asked if the next logical step was for him to embrace Bitcoin, given that it’s decentralized, the government can't get its hands on it and all the young people who are particularly interested in it, host Laura Ingraham suggested.

“I always liked one currency. I call it a currency. I like the dollar, but a lot of people are doing it [Bitcoin] and frankly, it's taken on a life of its own,” Trump replied. “You probably have to do some regulation, as you know, but many people are embracing it. And more and more, I'm seeing people wanting to pay Bitcoin, and you're seeing something that's interesting, so I can live with it one way or the other.”

Read in full https://www.theblock.co/post/278786/donald-trump-bitcoin-embracing

_act_:
Did you think that Trump will not win the primaries flawlessly? He would have won becuase he is very influential and he was the former United States president. The only obstacle he has in the presidential election is his rival Biden which is the present US president.

The crypto community also commented that he may be looking for vote from crypto community. But be it that, I like that the adoption of bitcoin has proven itself with masses which are now bitcoin holders and the approval of bitcoin ETF in the United States.

Marvelockg:
politician have mastered the art of manipulating peoples minds whenever they are at the pole and this  might just be a tricky tactics to get the attention of the voting population in the crypto space and i sure know he is achieving the needed  attention. bitcoin adoption has spread across the globe and bitcoin users are mostly youth which are his primary target that will give him the needed vote or help spread his popularity to  other youth that  will help him at the pol so its not something that should be taken seriously.

but its also a two sided win because as long as he has made theses series of statements that suggest that he supports bitcoin adoption, its a plus for the bitcoin community and will surely make other top leaders have a rethink on their stand regarding the adoption of bitcoin in their country

bluebit25:
Quote from: bbc.reporter on February 25, 2024, 09:30:56 AM

It appears that after having Larry Fink as the new mayor of bitcoin we might have a president of America that will be supporting bitcoin if Trump gets the victory on November hehehe. This is certainly shocking and very unexpected. I did not know bitcoin and the cryptospace would bring him much votes because why is he doing this if this is not a trick for bitcoiners to vote him?


I don't think this is a tactic to help Trump get more clearance votes expressing his positive views in favor of bitcoin. Remember that those in power will do what they feel is in the best interest of the country first, and if things do not get a positive economic balance then it will be a good idea to turn your back on things. It's not surprising that he declared it

But it's really nice that he is expressing a positive opinion on bitcoin, I remember he also expressed before that bitcoin is really harmful to the US economy :) when he was still in office President, maybe that information is wrong but I don't pay too much attention. Because really, with bitcoin, it exists without too much influence on someone's judgment, support/opposition, bitcoin will still exist and develop.

Negotiation:
Politicians are really hard to understand they can change everything for their own benefit. Donald Trump may be thinking of a new strategy as Bitcoin continues to spread around the world. Seeing crypto flourish so much may have Donald Trump changing his stance on crypto, selling NFTs and planning more crypto-friendly policies if re-elected. Trump is now personally investing in digital assets and exploring their political power. His latest embrace comes as Republicans make a broad overture to the crypto community, drawing libertarian donors while portraying Democrats as heavy-handed regulators as his chance to win anew.

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