For years, Donald Trump has appeared as a staunch opponent of Bitcoin. In 2019, he tweeted:
"I am not a fan of Bitcoin and other cryptocurrencies that are not money and whose value is very volatile."
But times are changing. And with them – the rhetoric. In 2024, during the presidential campaign, Trump suddenly becomes... a supporter of cryptocurrencies. He promises to protect American crypto from "regulatory tyranny" and declares that "crypto will have a place in his administration."
Why this change? Here are 3 reasons that might surprise you:
1️⃣ NFT as a gateway
Trump doesn't just talk about crypto. He sells it. His collections of Trump Digital Trading Cards (NFTs) sold out in a few hours. For many, it was a joke. For him – a business and a test of the loyalty of the Web3 community.
2️⃣ Crypto as a tool for political struggle
Trump understands well that a large part of the crypto community consists of free-market libertarians and young investors tired of Wall Street and the old system. Unlike Biden, whose administration has targeted DeFi and stablecoins, Trump positions himself as a defender of financial freedom.
3️⃣ Campaign funded by cryptocurrencies
Trump was the first U.S. president in history to open his campaign committee to donations in crypto. Ethereum, Bitcoin, USDC – all are welcome. This is not just a show of openness – it's also a clear signal to young investors.
🧠 What does this mean for the market?
➡️ We can expect a more favorable regulatory climate for Web3 and DeFi.
➡️ Election campaigns will become a new marketplace for blockchain projects (payments, NFTs, loyalty tokens).
➡️ His support could bring huge hype to selected projects – especially those from the USA.
❓And you – do you think Donald Trump really understands the idea of cryptocurrencies?
Is it just a publicity stunt?
Leave a comment and let me know if the TrumpEffect works on you!
