Donald Trump has had an interesting relationship with cryptocurrencies and blockchain technology. Although he has expressed skepticism in the past, his stance has evolved. Let me share some key points:
1. Change of mind about cryptocurrencies:
- In 2019, while in the White House, Trump stated that he was not a fan of Bitcoin and other cryptocurrencies. He described them as not being real money and based on "air."
- However, in recent years, his opinion has changed. In March 2024, he mentioned that he was considering the growing importance of cryptocurrencies and wasn't sure he wanted to eliminate them at that time.
- In June 2024, Trump surprised by embracing cryptocurrencies and supporting the industry. He met with Bitcoin miners and asked cryptocurrency users to vote for him, stating that he would oppose Biden's "hatred of Bitcoin."
2. Cryptocurrency Portfolio:
- Trump's crypto asset portfolio reportedly briefly surpassed $10 million in May 2024. This included the MAGA memecoin, TRUMP, which hit an all-time high.$BTC
3. NFT y blockchain:
- Trump also backed a collection of non-fungible tokens (NFTs) depicting his famous mugshot. These NFTs were created on the Ethereum Layer 2 interoperable blockchain network, which currently has a market capitalization of $8.3 billion.
In short, while Trump has been up and down in his opinion on cryptocurrencies, he appears to be more open to them these days. If he wins, we may see more interactions between him and blockchain technology. 😊🚀
