Trump to enter the crypto business

[kryptqnick]

I would never vote for Trump, so I probably align well with the op politically. However, I believe we must be fair to our opponents. First, it's Trump's son launching a platform, not Trump himself. Second, its just a DeFi project, not a stablecoin or anything that would actually challenge Bitcoin. Third, Trump embraced Bitcoin very openly in his election campaign, so switching to something else and "trusted" would be a major blow for his Republican electorate, since Republicans are especially sensitive to matters of individual freedom and the government taking control over something private.

[Smack That Ace]

Did you notice that? Elon Musk wants to have a live conversation with Donald Trump on X. I can't tell you the topic, but there's a lot of speculation. The party might go on, whether Bitcoin will be a topic... I don't think so, but I'll be watching the news in a few hours and I'm happy to be surprised. They will publish something i think, anything else would just be a waste of time and I cant imagine that with these two. America + Bitcoin + Tesla = X  

Elon Musk

@elonmusk
·
18h
Live conversation on 𝕏 with
@realDonaldTrump
 & me at 8pm ET tomorrow

https://x.com/elonmusk/status/1822799027580137510

I followed that conversation and none of them mentioned anything crypto related, most revolved around other issues. There is nothing surprising about this since cryptocurrency is no more important an issue than immigration, inflation...

But Trump's return to X will be interesting news because his influence on this social network is also huge, Twitter is also Trump's favorite social network in the past. X is a social platform loved by crypto investors and things will get interesting if he regularly uses it to interact with the crypto community.

In addition, the conversation between Elon and Trump on X also attracted great attention from the Democratic Party  . They were very upset when the world's richest billionaire turned his back on them and supported Trump.

[KiaKia]

@Smack The Ace many people are listening to the live conversation hours ago and they thought it will have impact on the price action of BTC and Doge, I just laughed at them, some traders were even getting their fingers ready to take advantage of a small pump but it never happened just like I predicted, this nonsence have to stop, and I am glad that no crypto words are mentioned.

I do believe that if eventually Trump get elected its possible that Sovryn and other BTC DeFi projects can surge in price, this market is all about hype anyway, and for us its all about making profits when the time is right, as time goes by and 2026 gets here a new bear market will start again, this whole thing is a damn circle over and over again.

Elon Musk and Trump could be planning something behind, something similar to what Elon did years ago that started the bullish trend, but in the end those who takes profit will be the winner.

[BabyBandit]

America and Americans are a big joke for the rest of us. 

[buwaytress]

I would never vote for Trump, so I probably align well with the op politically. However, I believe we must be fair to our opponents. First, it's Trump's son launching a platform, not Trump himself. Second, its just a DeFi project, not a stablecoin or anything that would actually challenge Bitcoin. Third, Trump embraced Bitcoin very openly in his election campaign, so switching to something else and "trusted" would be a major blow for his Republican electorate, since Republicans are especially sensitive to matters of individual freedom and the government taking control over something private.

I'm practically apolitical back home but I've never voted or not voted on specific issues -- when I did, I always chose what I thought was for the "greater good" and this usually meant ensuring a strong opposition (power corrupts, you know).

It's precisely these kind of attacks that I feel politics in general has descended into. Misinformation and turning the tides, so people vote against anyone they dislike, rather than for someone they want.

Why Bitcoin has any relation to the US election I simply can't get. If it were higher up  on his agenda, with specific legislation that fixes an issue or brings a new issue up, maybe. But all these little insignificant moves really can't be enough to buy (or drop) votes. Can they?

[legiteum]

Why Bitcoin has any relation to the US election I simply can't get. If it were higher up  on his agenda, with specific legislation that fixes an issue or brings a new issue up, maybe. But all these little insignificant moves really can't be enough to buy (or drop) votes. Can they?

I think what you aren't getting--and a lot of people here are missing--is that Trump is not after votes with his embrace of crypto, he is after money.

Basically, a small group of billionaire Bitcoin whales are dumping hundreds of millions of dollars into US elections this cycle. That is why Bitcoin is--and it truly is--intertwined with US politics now.

This is no different than other big industries like Big Oil, Big Pharma, Big Insurance, and so on: these industries are not "popular" and nobody votes for their issues, but they sure as hell influence US elections .

[buwaytress]

I think what you aren't getting--and a lot of people here are missing--is that Trump is not after votes with his embrace of crypto, he is after money.

Basically, a small group of billionaire Bitcoin whales are dumping hundreds of millions of dollars into US elections this cycle. That is why Bitcoin is--and it truly is--intertwined with US politics now.

This is no different than other big industries like Big Oil, Big Pharma, Big Insurance, and so on: these industries are not "popular" and nobody votes for their issues, but they sure as hell influence US elections .

I do get it, but that's what I have been referencing in that unless Trump brings in major legislation that would benefit those rich crypto investors or change their situation, I'm still not sure why they would pour more money in (or votes in essence if the campaigning wins them) simply on his professed love for Bitcoin. The money's always going to come in return for backs scratched, tax reforms, favours. But I still fail to see how Bitcoin whales dumping money in is related to Bitcoin.

Rich people will dump money into elections for their own gain. But if it's to back Trump, it's because of policies I can't think are directly linked to Bitcoin. Is he making Bitcoin tax free by changing its legal status? Is he waiving the need for trading licences for Bitcoin? Is he giving tax breaks or subsidies to miners? What is he promising as legislation that's getting the crypto chads excited? Not being ingenious here, I do feel I have no idea and would love to get some direction here.

[legiteum]

I think what you aren't getting--and a lot of people here are missing--is that Trump is not after votes with his embrace of crypto, he is after money.

Basically, a small group of billionaire Bitcoin whales are dumping hundreds of millions of dollars into US elections this cycle. That is why Bitcoin is--and it truly is--intertwined with US politics now.

This is no different than other big industries like Big Oil, Big Pharma, Big Insurance, and so on: these industries are not "popular" and nobody votes for their issues, but they sure as hell influence US elections .

I do get it, but that's what I have been referencing in that unless Trump brings in major legislation that would benefit those rich crypto investors or change their situation, I'm still not sure why they would pour more money in (or votes in essence if the campaigning wins them) simply on his professed love for Bitcoin. The money's always going to come in return for backs scratched, tax reforms, favours. But I still fail to see how Bitcoin whales dumping money in is related to Bitcoin.

For the same reason Oil, Pharma, and Insurance whales dumping money in is related to... oil, pharma and insurance?

Bitcoin itself has very few votes (like, almost none, I would guess), and the money Trump and other campaigns are getting is used to advertise for things completely unrelated to Bitcoin.

Rich people will dump money into elections for their own gain. But if it's to back Trump, it's because of policies I can't think are directly linked to Bitcoin. Is he making Bitcoin tax free by changing its legal status? Is he waiving the need for trading licences for Bitcoin? Is he giving tax breaks or subsidies to miners? What is he promising as legislation that's getting the crypto chads excited? Not being ingenious here, I do feel I have no idea and would love to get some direction here.

What they seem to be after, primarily, is to make their Bitcoin price go higher. While there is an "industry" here in terms of miners and so forth, that is pretty small compared to the value of the Bitcoin asset itself.

And the actual means here is to get Trump to say nice things about Bitcoin and enshrine it in the GOP platform (done), and to propose things that would make Bitcoin increase in value e.g. forcing US taxpayers to buy Bitcoin in the form of a "US Bitcoin reserve".

In a sense, this would be like Warren Buffet lobbying Trump to pump his stock and proposing, for instance, that the US should buy a ton of BRK.B so the price will go up. For Buffet, a donation of 100 million could pay off 50x if it makes his stock go up by only 10%.

By the way, this all has nothing to do with Trump going into the crypto business himself, and I suspect that those same whales very might be (and should be) rather terrified at the prospect of the US president being in a competitive business against them. Trump's response, of course, will be, "thanks for the money, suckers".

[Nitrowinner]

This moment I talk with as lot people around me ( not only gambling ) who would like to invest in crypto ( business, mining, just holding coins, crypto projects ) and in a lot of people who are business man I told them to become crypto friendly and accept crypto currencies for their services or products.

I am sure next 5-10 years most of assets will be digital...

[CryptoGamblingSites]

More noise in Bitcoin, the only news is when  another block is solved every 10 - 12 minutes on average....

It keeps proving the protocol is secure, and the underlying asset is safe/more valuable, regardless of it's price in USD

[ChiBitCTy]

Great post, thanks for bringing this to our attention!  I don't see you being an alarmist here, just someone pointing out straight facts.  SMH..this is exactly the kind of bs I expected to see from Donny 1 and 2.  I told everyone that Trumps speech at the Nashville conference was just really smoke and mirrors overall, and that it would mostly be complete and utter bs...which is was. 

Let's also not forget that Trump doesn't understand shit about bitcoin, at all. HE HAS NO CLUE HOW BITCOIN WORKS...don't let his rhetoric fool you!

[ringgo96]

This moment I talk with as lot people around me ( not only gambling ) who would like to invest in crypto ( business, mining, just holding coins, crypto projects ) and in a lot of people who are business man I told them to become crypto friendly and accept crypto currencies for their services or products.

I am sure next 5-10 years most of assets will be digital...

Currently the crypto world is growing, especially in America, so we are not surprised if Trump will invest in the crypto world, and currently many businessmen in America have flocked to buy every coin there is, so many people have made big profits in the crypto world and later digital assets will be easier for us to hold because most countries have made payments using bitcoin or other altcoins.

[CoinFoxs]

Trump is in contact with elon musk who is known be the father of dogecoin and the one who is backing floki coin, he must be convinced trump to get into crypto world and if Trump will become the president of United States then we will see huge pump in crypto market.

[buwaytress]

^^^^ All right, so we are actually on the same page, just wildly different paragraphs. And okay, I get your paragraph now.

I get pharma, oil. Oil is an easy one. Trump was always signing in new orders for big oil. Pro oil from whenever I can remember. Opening reserves previously off limits, increasing production.

Regarding Trump saying nice things, fits the pharma bill. He was on a constant mantra of nice things about healthcare and bringing drug prices down but still got big pharma support -- then everyone understood why after he pursued (but failed) Ryancare. Would have hurt so many Americans while enlarging pharma pockets.

[snerd]

Watch for the Trump haters to become much more unhinged as November approaches. They’re terrified right now!

[doomloop]

Trump is in contact with elon musk who is known be the father of dogecoin and the one who is backing floki coin, he must be convinced trump to get into crypto world and if Trump will become the president of United States then we will see huge pump in crypto market.

When did the contact happened? Recently? But Trump is already into cryptos even last time. I'm thinking that Trump only learned crypto on his own but the contact that happened recently might be for an upcoming crypto project. It is like the two of them are going to collaborate to create a super coin. Wow that sounds great, .

if Trump will become the president of United States then we will see huge pump in crypto market.

That is for sure because number one ; Trump will celebrate the win by pumping the market because he knows that the crypto community have helped him after knowing that he is now into cryptos. And number two ; the crypto community can also do the same thing and this is because they also know that the crypto market will pumped a lot later on.

[shield132]

Trump Jr. has announced that his family will be entering the cryptocurrency business:

https://cointelegraph.com/news/donald-trump-jr-launching-crypto-platform-take-on-banks

Although the details are still sketchy (which is how they do everything), it's clear that Trump is making a big push into crypto personally.

My question is, does he really make a big push into crypto or is this part of the plan? Part of me thinks that Biden, Hamala, Trump and others are all the same, they fight against each other to caught our attention, like in the Roman Circus.

Trump already has built-in excuses to come after Bitcoin: he promises to criminalize abortion in the USA, which will require the largest police state created in the USA since the Prohibition in the 1920s (which is how the FBI was invented, for instance). Since Bitcoin and other cryptos can be used to pay for illegal abortions, it will make sense that Americans should be forced to use his "trusted" platform instead of "untrusted" ones like Bitcoin. (And if that excuse doesn't work, they could think of a dozen more).

I would like people to think about what a Trump presidency would mean to Bitcoin and crypto generally.

Trump, a convicted criminal and somebody who has been found guilty of running multiple scams all of his life, will have his own business that competes with Bitcoin and/or the crypto industry, and he will have the full power of the US government to give his own company unfair advantages over competitors. And Trump has demonstrated, over and over again, that he will absolutely use the US presidency to enrich himself at he expense of the American people.

Do you want to compete directly against the President if the United States and his political party with your business? Then by all means vote for Trump.

Trump is a businessman and he wants to run successful business. People should understand that billionaires aren't here to help people. They don't make billions by helping people, they make billions of exploiting workers, avoiding taxes, selling products and services at a high profit margin. This is how billionaires make money and stupid people think that billionaires will make their life better  This isn't funny anymore. I believe that Trump wants to get power in his hand, including the crypto sector and what you said about abortion and Bitcoins, might be very close to reality.

[tread93]

This is all just noise. Trump is trying to make some crypto plays something that no other president has done. News flash his businesses have lost money since he entered politics. He will try to form a company and profit from it like any businessman would. If you want to talk about a POS we can discuss Biden who has been laundering money for years and years and years though his handshake hush hush deals with China and Ukraine. Trump will at least do it in a legitimate way. I’m so sick of people bashing Trump, if you’re not voting for Trump in this election you’re not an American you’re probably foreign or have no clue wtf is actually going on here.

Biden:

* Has never been indicted for any crime, let alone convicted, let alone indicted for 88 felonies as Trump has;

* Has never had any of his businesses shut down because of fraud, as Trump has for several of his businesses;

* Has never funneled millions of dollars of US taxpayer money to his companies, as Trump did during his presidency;

* Is not in the process of creating a business that competes with Bitcoin or the crypto industry generally, as Trump is;

And there is absolutely no evidence--not even conspiracy theories (which is saying something for Republicans) that Biden engaged in "money laundering" with the Chinese or any other government. And also, Biden is not running for president. So there's that.

Look, I get it: you clearly want abortion to be criminalized across the USA. I understand it's a very divisive topic, and those who think as you do will vote for absolutely anybody as long as they commit to making abortion illegal, as Trump has.

Harris is not going to use the US presidency to benefit her crypto business (because she doesn't have one, for starters). There's every reason to expect Trump will do exactly that.

Edit:

By the way, your man is basically senile at this point. Good luck trying to win anything with this vegetable:

The GOP’s new worry: Trump can’t drive a coherent message

Hey Donkey boy what do you have to say about the 27 million dollars that the Biden family has received from foreign individuals and entities?? https://www.foxnews.com/video/6360645930112 Biden has committed treason from actual crimes but he is protected by our controlled media and some force of evil. Wake up you twit!

[legiteum]

Hey Donkey boy what do you have to say about the 27 million dollars that the Biden family has received from foreign individuals and entities?? https://www.foxnews.com/video/6360645930112 Biden has committed treason from actual crimes but he is protected by our controlled media and some force of evil. Wake up you twit!

Biden who? The name of the Democratic candidate now is Kamala Harris.

You really shouldn't listen to Trump since he's completely senile now. He still thinks he's running against Hillary.

[tread93]

Hey Donkey boy what do you have to say about the 27 million dollars that the Biden family has received from foreign individuals and entities?? https://www.foxnews.com/video/6360645930112 Biden has committed treason from actual crimes but he is protected by our controlled media and some force of evil. Wake up you twit!

Biden who? The name of the Democratic candidate now is Kamala Harris.

You really shouldn't listen to Trump since he's completely senile now. He still thinks he's running against Hillary.

It’s so funny you’ll just hop on this Harris train like a pig lined up for slaughter. The woman is a witch that can only laugh like the dumb donkey ass she is and she has literally done nothing for the American people the entire time she has been the VP, this woman doesn’t deserve to even be an office secretary for a mom and pop business. What makes you think Harris is going to do anything good? Boarder Czar that hasn’t even been to the boarder and is responsible for the worst border crisis in US history. She hasn’t been seen in public to do any debates or anything, she has been installed. Biden who is right, Trump put him into a mental lock during the debate so bad he had to drop out of the race lmfao