1. Trump’s General Crypto Stance (as of 2024–2025):
• Initially skeptical of crypto, Trump called Bitcoin a “scam” in 2021.
• Recently, he has shown more support for crypto, especially NFTs (he even launched his own NFT collection).
• He has criticized heavy regulation on crypto under the Biden administration.
2. Tariffs and Their Indirect Crypto Impact:
• Tariffs on China or other countries can increase hardware costs (e.g., mining equipment), affecting operations for cryptocurrencies like Bitcoin.
• If Trump reimposes or increases tariffs on tech imports, it may:
• Raise prices of GPUs, ASICs, and other components.
• Affect U.S.-based crypto miners and developers.
3. Future Possibility:
• If elected in 2024, Trump might pursue pro-business, deregulatory policies that could benefit crypto traders and firms.
• However, he may still target China-based crypto operations or mining firms under broader tech or security concerns, which could indirectly affect the global crypto market.