LIVEDonald Trump's endorsement of cryptocurrency has ignited optimism in the industry, potentially kickstarting a bullish trend. The former US President expressed his belief that the nation should lead in this arena, emphasizing his stance via Truth Social, a platform under his Trump Media and Technology Group (TMTG).
Trump's recent embrace of crypto, coupled with his forthcoming bid for the presidency in 2024 against incumbent Joe Biden, has spurred speculation, with Polymarket indicating a 56% likelihood of Trump's victory. This surge in support follows Trump's campaign decision to accept crypto donations, leveraging platforms like Coinbase Commerce for fundraising.
Beyond public declarations, Trump has engaged directly with crypto enthusiasts, as evidenced by a recent event where buyers of his NFTs, including his "Mugshot" collection, secured an exclusive dinner at his Mar-a-Lago estate. This convergence of factors has buoyed expectations within the crypto community.
