Ki Young Ju, CEO and Founder of CryptoQuant, recently shared his thoughts on X (formerly Twitter), stating that if you support the future of crypto, Donald Trump is the right choice. Ju highlighted Trump’s background as a businessman and his active interest in the crypto space as key reasons for his support. Trump has shown a clear commitment to understanding and engaging with the space unlike other politicians. However, he has deleted his tweet after a short time citing personal attacks. He also announced that he will no longer share political content.
Deleted my political posts due to excessive personal attacks and will no longer share political content. I’ll focus on sharing my thoughts on crypto and data analysis. Cheers.
— Ki Young Ju (@ki_young_ju) October 10, 2024
Ki Young Ju Believes Trump’s Crypto Involvement Could Solve Industry Issues
Trump is no stranger to cryptocurrencies, and he has gone so far as to issue his own coin. As Ju has mentioned, Trump’s words during the Bitcoin Conference are the opinions of the President and the United States. He strongly expects Trump will give the industry needed conversations regarding the regulation of cryptocurrencies, which is critical. Web3 can be built when it is properly regulated and the “pirate like” behaviour currently visible in the current Wild West crypto markets can be solved.
Ju mentioned that Trump will only increase his knowledge of the crypto industry through his involvement. The former president is already a Web3 founder, having minted his own coin. Ju is confident that, even if things turn out poorly, Trump is much more familiar with and interested in crypto than Vice President Kamala Harris, who, in Ju’s opinion, has expressed no interest in the industry.
CryptoQuant CEO Says Trump’s Leadership Will Strengthen Crypto Industry
Ju also pointed that when the appropriate legislation will be created, large companies will become the main drivers of the Crypto market. This will assist in reaching the promises of Web3 and hasten the adoption of Bitcoin, not to mention other altcoins. On the other hand, if Harris were to emerge the winner, Ju noted that absence of policy could result in the market sliding back into another dip, since insecurity can discourage investors.
Overall, CryptoQuant CEO Ki Young Ju expects Trump’s participation in crypto to be beneficial for the industry, as he will bring the needed regulations that could make the crypto sector grow. He believes Trump is more suitable for the development of crypto as opposed to Harris who may not show much enthusiasm in the sector.