Tory Highlights

  • Anthony Scaramucci hinted that Trump may drop out of the 2024 presidential race.

  • Trump's campaign is struggling with concerns about his age and poor public appearance.

  • Trump's withdrawal could come as a shock to the crypto community, given his recent pro-crypto stance.

Former White House communications director Anthony Scaramucci recently predicted that Donald Trump would likely drop out of the 2024 presidential race. The surprising statement suggests that Trump may be facing too many challenges, both political and legal, to continue his campaign.

Trump's campaign is in trouble

Donald Trump’s presidential campaign has hit a rough patch of late, leaving him looking older, more confused and uncertain about where he’s going. At 78, he’s now the oldest presidential candidate, facing off against a 59-year-old former prosecutor who has made a strong showing.

According to Anthony Scaramucci, Trump's former White House communications director, Trump was "very upset" and "scared" as he and his team struggled to come up with a new campaign strategy. Reports suggest that Trump's campaign managers were keen for him to focus on issues his team agreed with, such as immigration and inflation.

However, in public appearances, Trump has often steered clear of these topics, choosing instead to personally attack Vice President Kamala Harris, questioning her intelligence, criticizing her racial identity and calling her a "communist."

Change poll numbers

Scaramucci’s prediction is also based on recent polling data and Trump’s ongoing legal troubles. He notes that if Trump’s poll numbers drop further, especially by just a few points, it could force him out of the race. Several former Trump cabinet members have also indicated that they expect him to drop out, given the unpredictable nature of this election.

Kamala Harris is emerging as a strong contender in the 2024 race, leading in several key states. This further weakens Trump's chances, with his margin of victory shrinking as Harris gains more support.

Another important factor that could influence Trump’s decision to drop out of the race is his legal troubles. Scaramucci suggested that if Trump believes he could face jail time, he could try to strike a deal to avoid jail time and drop out of the race. The idea comes from recent comments from a former U.S. attorney who suggested that Trump could soon be sentenced to prison in a hush money case.

These legal challenges, coupled with the judge's refusal to delay sentencing, have fueled speculation that Trump may seek to withdraw from the race to avoid further damage to his reputation.

Trump's Failure Crushes Cryptocurrency Hopes?

The outcome of the 2024 U.S. presidential election could have a significant impact on Bitcoin (BTC), according to a report by Max Shannon of Coinshares. Shannon noted that Donald Trump’s growing interest in cryptocurrencies and his selection of crypto advocate J.D. Vance as his running mate could create a more favorable environment for digital assets.

Trump’s current support for Bitcoin miners and criticism of central bank digital currencies (CBDCs) contrast with his previous skepticism about cryptocurrencies.

If Trump loses the election or withdraws, it would be a huge shock to the crypto community, given his crypto-friendly policies.