#TrumptaxCuts Donald Trump has had a changing relationship with **cryptocurrencies**, moving from harsh criticism to more recent support, especially in the context of his political campaign for the 2024 elections. Here I explain his stance and its impact on the market:
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### 🔥 **Trump vs. Crypto: Evolution of His Stance**
1. **2019–2021 (Criticism)**
- Called Bitcoin (*BTC*) and other cryptocurrencies a **"scam"** and a threat to the dollar.
- Preferred the dollar as the dominant currency.
2. **2022–2023 (Change of Attitude)**
- Started to accept **NFTs** (digital collectibles) with his image.
- Launched his collection "*Trump Digital Trading Cards*" on the blockchain (Polygon), selling thousands of NFTs.
3. **2024 (Open Support)**
- Now says that **"crypto could be the future"** and criticizes the harsh regulation in the U.S.
- His campaign accepts **donations in crypto** (Bitcoin, Ethereum, Dogecoin, etc.).
- Promises to make the U.S. a leader in crypto if he wins the elections.
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### 💰 **Trump and His Impact on the Crypto Market**
- **Trump NFTs**: His collections skyrocketed in value (e.g., one of his NFTs sold for over $1 million).
- **News = Volatility**: When he speaks about crypto, some coins (like *MAGA Coin*, a political meme token) go up or down.
- **Confrontation with Biden**: Trump positions crypto as an electoral issue, attracting *pro-crypto* voters.
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### 🚀 **Which Cryptos Are Associated with Trump?**
1. **$TRUMP (MAGA Coin)**: Meme token on Ethereum that leverages his image (high risk, speculative).
2. **Polygon (*MATIC*)**: Blockchain where he launched his NFTs.
3. **Other memecoins**: Like *Doge* (Trump mentioned Dogecoin on social media).
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# according to his political shift).
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### 🔍 **Should I Invest in Crypto Related to Trump?**
✅ **If you are a short-term trader**: It may be worth considering Bitcoin or Ethereum.
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