Donald Trump recently changed his position on cryptocurrencies and began to support them, although he was previously against. There are several reasons why he is doing this:
1. Political strategy – Trump wants to attract the votes of crypto investors and entrepreneurs in the blockchain industry in the 2024 elections. Many cryptocurrency supporters criticize Biden for pressuring the crypto market through the SEC.
2. Financial benefit – He himself holds crypto assets. It is known that he has several million dollars in Ethereum, obtained from sales of his NFT collection.
3. Anti-government rhetoric – He opposes government control over finances, particularly the digital dollar (CBDC), which he believes could restrict citizens' freedom.
4. Business interests – His companies may start accepting cryptocurrencies, and he may see this as a promising market.
Overall, his support for cryptocurrencies is more related to politics and personal gain than to ideological beliefs.
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