Donald Trump fueled the crypto fire: He could start the bull!
Former US President #DonaldTrump said, "Our country should be a leader in this field, there is no second place," in a post he made on May 25 on Truth Social, a social media platform owned by Trump Media and Technology Group (#TMTG ).
Former US President Donald Trump said, "Our country should be a leader in this field, there is no second place" in a post he made on May 25 on Truth Social, a social media platform owned by Trump Media and Technology Group (TMTG).
"I am positive and open-minded towards cryptocurrency companies and everything related to the new and developing sector," said Trump, adding that he will face current president Joe Joe in the presidential race in 2024, when the US elections will be held on November 4.
Trump made his comments before his speech at the Libertarian Party National Convention, which will be held in Washington on the same day. Trump's recent positive approach towards crypto has naturally increased expectations for the crypto industry. According to Polymarket, a New York-based crypto prediction platform, Trump's chances of winning the election are 56 percent, while current President Joe Biden's chances are 38 percent.
This development comes right after Trump's presidential campaign announced that it would accept cryptocurrency donations. On May 21, the Trump 2024 campaign announced a fundraising page for eligible individuals to donate with cryptocurrency using Coinbase Commerce.
In addition to making positive public statements about crypto, Trump is also known to meet with crypto enthusiasts. Cointelegraph recently shared that people who purchased Trump's "Mugshot" NFTs had the opportunity to dine with Trump at his residence in Mar-a-Lago on May 8. The dinner was part of a deal to purchase digital artwork featuring a mug shot of him surrendering at the Fulton County Jail in Georgia.
