Trump stands with digital currency and hopes that all remaining Bitcoins will be made in the United States
As a presidential candidate, Trump has made too many promises, including strong support for cryptocurrencies.
Several Bitcoin miners met with Trump at Trump's Mar-a-Lago estate on Tuesday night. Trump said he loves and understands cryptocurrencies, and the existence of Bitcoin miners helps stabilize the energy supply of the US power grid. Trump promised that if he enters the White House, he will speak for cryptocurrency miners.
Trump himself posted on his Truth Social platform that Bitcoin mining is the last line of defense for the United States against other central bank digital currencies, and he hopes that all remaining Bitcoins can be made in the United States.
Previously, Trump's campaign team announced that it would accept cryptocurrency donations, which was seen as a high-profile embrace of the cryptocurrency industry. In recent weeks, Trump has stepped up his cryptocurrency-friendly image and said that he will become a "cryptocurrency president." But on the other hand, he did not give specific policy details.
Trump made it clear that Biden and U.S. Securities and Exchange Commission Chairman Gary Gensler's crackdown on cryptocurrencies will end within an hour of his taking office.
Earlier this month, Biden just vetoed a custody policy bill to support the development of digital currencies in the United States. A White House spokesman argued that the Biden administration still supports digital asset innovation, but also hopes to protect consumers from the risks of new technologies.
At this time, Trump began to bombard his support for cryptocurrencies, which was different from his previous attitude. Before this year, Trump had always been negative about cryptocurrencies, believing that they were scams.
Industry insiders believe that this is Trump's core point in attracting new voters. According to a survey, voters who are involved in the crypto market currently prefer Trump to Biden. This can also be echoed by Trump's more donations in Silicon Valley.
Standard Chartered Bank predicts that as the US election approaches, the price of Bitcoin will reach $100,000. If Trump successfully enters the White House, the price of Bitcoin may reach $150,000.
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