In 2021, Trump believed Bitcoin was “just like a scam.” He may have more faith in Ethereum than Bitcoin since BTC is a direct challenge to the U.S. dollar.
Then there is another reason Trump entered the cryptocurrency space…
He wants cryptocurrency voters.
In February 2023, Coinbase reported 50 million people owned cryptocurrencies which is 20% of the U.S. population. With a tight presidential race that will probably be between Trump and President Biden, this could be another way to get voters to support him.
Up to this point, voters have seen what former President Trump has done in office and they are currently seeing Biden’s performance. In November next year, those 50 million cryptocurrency investors could be a big difference when election time comes.
As for Trump, many voters are looking at the criminal charges that are brought against him. So, for Trump getting cryptocurrency investors on his side could be a big benefit heading into the elections. That is also if the criminal charges don’t affect his ability to run for office for a second time.
Coinbase also noted that GenZ (54%) and Millenials (55%), feel cryptocurrencies will be a big part of the future.
Cryptocurrency investors could play a big part in the 2024 elections.
Do you think Trump is trying to get the cryptocurrency vote?
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