Elon Musk, the CEO of SpaceX and Tesla, and Justin Sun, the founder of the Tron blockchain, publicly endorsed Donald Trump for the 2024 US presidential election after a shooting targeted the former president yesterday.
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Musk expressed his support on X (formerly Twitter), wishing Trump a rapid recovery. Sun also endorsed Trump, saying he is a better choice for the crypto industry and can ensure fairer treatment.
Source: X
Trump Gains Support for Pro-Crypto Stance
The Republican candidate has been making headlines in recent months for his strong support of Bitcoin and the US crypto industry. Trump has vowed to end “Joe Biden’s crusade to crush crypto” and to aid the US crypto sector. He believes that the United States should be the leader in the field and that there is no second place. As part of his crypto-friendly approach, Trump’s campaign has started accepting donations in crypto assets.
Justin Sun, the founder of the Tron blockchain, has previously urged the crypto community to support a pro-crypto presidential candidate, although he did not name a specific individual at that time.
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“We should support a presidential candidate who endorses cryptocurrencies. We need to demonstrate to the candidate that the cryptocurrency community, companies, and protocols are significant stakeholders whose voices should be heard and whose interests should be protected,” said Sun in a post on X in May.
Justin Sun Tweet. Source: X
Trump’s Pro-Crypto Stance Boosts Re-Election Odds
Trump’s newfound pro-crypto position has bolstered his re-election prospects. Following the recent shooting, the odds reached a record high on Polymarket, a decentralized prediction market platform.
According to data from Polymarket, Trump currently has a 70% chance of winning the 2024 election, compared to Biden’s 16%.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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