As the race to the White House takes on a new trajectory and poll figures suggest an even match between former President Donald Trump and current Vice President Kamala Harris, a renowned Bitcoin enthusiast Samson Mow has urged the Republican candidate to woo the crypto community.
Mow proposed six Bitcoin-friendly ideas to the former president should he wish to bag the votes of the crypto community. Interestingly, besides securing votes for Trump, the ideas will also serve to boost Bitcoin’s functionality in the U.S. economy.
Proposals to Integrate BTC into the Economy
According to Mow, should Trump win, he should consider converting the country’s national debt to the smallest unit of Bitcoin; the Satoshi. The Bitcoin enthusiast suggests that one Satoshi should equal $1, thereby integrating the digital asset into traditional financial systems. This he hopes would also ease debt management.
In another suggestion, Mow calls for the elimination of the U.S. Federal Reserve given that Bitcoin functions as a decentralized system and a better store of value. Additionally, Mow urged Trump to also consider making inflation reparations in BTC. The idea aims to reduce economic inequalities by relying on Bitcoin’s long-term stability.
Mow’s Innovative Ideas for Bitcoin Mining and Taxation
Mow also recommends that the U.S. consider space exploration for Bitcoin mining. Specifically, he believes establishing a Bitcoin mining facility on the moon could tap space resources for sustainable energy solutions.
Furthermore, the BTC advocate appealed to Trump to make Bitcoin tax free. That is, transactions should not be burdened with taxes, so as to encourage wider adoption by those yet to embrace the digital asset.
The Omega Candle and Political Implications
Another significant recommendation by Mow has to do with the Omega Candle. The Omega Candle in crypto parlance refers to rapid price movement in BTC trading resulting from major economic policies by the government. He urged former President Trump to discuss it in his campaigns.
Meanwhile, billionaire investor Mark Cuban recently stated he considers Kamala Harris as a potential ally for the broader crypto community beyond just Bitcoin. Cuban says Harris has potential to embrace crypto, Artificial Intelligence and modern technology far better than President Joe Biden.
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