Cryptocurrency trading has become one of the most polarizing topics in modern finance, attracting both passionate supporters and skeptical critics. Among the most influential voices weighing in on this digital revolution are former U.S. President Donald Trump and tech visionary Elon Musk. While both are global icons, their opinions on crypto could not be more different. Trump's wariness of digital currencies contrasts sharply with Musk’s innovative and, at times, whimsical embrace of the crypto world. Together, their perspectives offer a fascinating glimpse into the clash of old-world economics and cutting-edge innovation.
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Donald Trump: The Crypto Skeptic Championing Tradition
Donald Trump has never hidden his disdain for cryptocurrencies. In a 2019 tweet, he declared, "I am not a fan of Bitcoin and other cryptocurrencies," citing their volatility and lack of tangible backing. To Trump, Bitcoin and its counterparts are not just speculative assets—they're potential threats to the supremacy of the U.S. dollar.
Trump has repeatedly emphasized the importance of maintaining the dollar’s dominance as the global reserve currency. In a 2021 interview, he went so far as to call Bitcoin a "scam," expressing fears that it could destabilize the American economy. Beyond economic concerns, Trump has also linked cryptocurrencies to illegal activities like drug trafficking and money laundering, reinforcing his skepticism.
For Trump, cryptocurrencies symbolize a loss of control—a decentralized financial system that undermines the centralized authority he believes is essential for stability and prosperity.
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Elon Musk: The Maverick of Crypto Revolution
On the opposite end of the spectrum is Elon Musk, a tech mogul who thrives on disruption. Musk’s love-hate relationship with cryptocurrencies has made him one of the most influential figures in the space. Whether he’s championing Bitcoin or playfully tweeting about Dogecoin, Musk has an uncanny ability to move markets with just a few words.
Musk’s journey in the crypto world has been anything but predictable. In 2021, Tesla made headlines by purchasing $1.5 billion worth of Bitcoin and briefly accepting it as payment. However, Musk reversed this decision, citing environmental concerns over Bitcoin mining's energy consumption. This move highlighted Musk’s nuanced stance—while he supports the idea of crypto, he also pushes for innovation to make it more sustainable.
Perhaps Musk’s most surprising advocacy is for Dogecoin, a meme-based cryptocurrency he has affectionately called "the people’s crypto." Musk’s support for Dogecoin stems from its low transaction fees and accessibility, which align with his vision of a more inclusive financial system.
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A Battle of Perspectives: Old-School vs. Futurist
The stark difference between Trump and Musk’s opinions boils down to their worldviews. Trump, as a businessman-turned-politician, values stability, control, and the status quo. His skepticism about cryptocurrencies reflects a broader fear of losing regulatory grip over monetary systems.
Musk, on the other hand, thrives on disruption. As the CEO of Tesla and SpaceX, he sees cryptocurrencies as tools for innovation, global connectivity, and financial inclusion. Where Trump sees risk, Musk sees opportunity.
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The Power of Influence
Despite their opposing views, both Trump and Musk wield enormous influence over the crypto market—albeit in different ways. Trump’s criticisms often cast a shadow over the industry, amplifying fears of regulatory crackdowns. In contrast, Musk’s tweets can cause wild price swings, sending Dogecoin to the moon or pulling Bitcoin back to earth.
Musk’s advocacy has also sparked important conversations about the future of crypto. His emphasis on environmental sustainability and usability has prompted developers to rethink how cryptocurrencies are mined and utilized.
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The Verdict: Whose Vision Will Prevail?
Donald Trump and Elon Musk represent two competing visions for the future of finance. Trump’s skepticism appeals to those who value traditional economic structures, while Musk’s enthusiasm resonates with tech-forward individuals seeking innovation and decentralization.
The battle of these titans reflects a larger global debate: Is cryptocurrency the future of money or a dangerous gamble? As the crypto market continues to evolve, Trump’s calls for caution and Musk’s rallying cries for change will remain key drivers shaping its trajectory.
One thing is certain—whether you’re a crypto skeptic or a believer, the opinions of these two powerhouses are impossible to ignore. The tug-of-war between tradition and innovation has only just begun.
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US presidential candidates zero in on battleground states of Pennsylvania and Georgia as Election Day nears.
US Republican presidential candidate and former President Donald Trump works behind the counter during a visit to a McDonald's in Feasterville-Trevose, Pennsylvania, October 20 [Doug Mills/Pool via Reuters]
United States presidential candidates Donald Trump and Kamala Harris have spent the day rallying supporters in battleground states that will be critical in deciding who wins the White House, a little more than two weeks from Election Day.

Former Republican President Trump made his push for voters in the state of Pennsylvania on Sunday while US Vice President Harris, a Democrat, spent the day in Georgia.
At a McDonald’s in suburban Philadelphia, an employee showed Trump – a well-known fan of fast food – how to dunk baskets of fries in oil, salt them and put them into boxes using a scoop.

“It requires great expertise, actually, to do it right and to do it fast,” Trump said, putting away his suit jacket and wearing an apron over his shirt and tie. “I like this job,” he added.
The visit came as Trump has tried to counter Harris’s accounts of working at the fast-food chain while in college, an experience that Trump has claimed – without offering evidence – never happened.
Reporting from Washington, DC, Al Jazeera’s Phil Lavelle said the McDonald’s stop was a “photo op” that allowed him to “needle” Harris over the issue. “It really gave him a chance to just go after her in that way,” Lavelle said.

Harris looks on as Stevie Wonder sings Happy Birthday to her during a service at a church in Jonesboro, Georgia, October 20 [Elijah Nouvelage/Reuters]
For her part, Harris, who marked her 60th birthday on Sunday, participated in two worship services outside of Atlanta.
At Divine Faith Ministries International in Jonesboro, Georgia, music icon Stevie Wonder performed, singing his hit Higher Ground and a version of Bob Marley’s Redemption Song. He also sang Happy Birthday to Harris.

Earlier, the Democratic candidate spoke at New Birth Missionary Baptist Church in Stonecrest, Georgia, where she drew a sharp contrast to the harsh and divisive rhetoric of the current political climate.
“At this point across our nation, what we do see are some trying to deepen division among us, spread hate, sow fear and cause chaos,” Harris said, without mentioning Trump by name.

“At this moment, our country is at a crossroads and where we go is up to us.”

Democrats have long sought to portray Trump as a threat to democracy, particularly after a mob of his supporters stormed the US Capitol on January 6, 2021, in an effort to prevent Congress from certifying the results of the 2020 election.
Trump and his allies have falsely claimed that the 2020 contest, which the Republican lost to Democrat Joe Biden, was marred by widespread fraud.
On Sunday, the ex-president told reporters in Pennsylvania that he would respect the results of next month’s vote “if it’s a fair election”.

Experts have raised concerns that Trump is laying the groundwork to contest the November election results should he lose to Harris.
Recent polls suggest the two presidential candidates are neck-and-neck as Election Day nears, with the race expected to come down to how they fare in key swing states such as Pennsylvania, Georgia, North Carolina and Arizona, among others.

Later on Sunday, Trump held a town hall in Lancaster, Pennsylvania. He was then expected to attend a Pittsburgh Steelers game.

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As the US election enters final two weeks the candidates are focusing on swing states hoping to pick up undecided voters
Donald Trump (left) campaigning ahead of Election day, Kamala Harris (right) at a Georgia church, October 20,2024.
Early voting is kicking off in both Florida and Wisconsin in the United States as Republican presidential candidate Donald Trump and his Democratic counterpart Kamala Harris remain nearly deadlocked, particularly in a handful of closely fought “swing states” which could decide the presidential election, newly released polling data shows.
Ahead of the tightly contested presidential election on November 5, Trump and Harris are neck-and-neck across the country’s seven battleground states that can swing in favour of either candidate, according to the latest survey of voters published on Monday by The Washington Post.

About 47 percent of registered voters said they would definitely or probably cast a ballot for Harris, the poll found. Forty-seven percent said the same about Trump.
As for “likely voters”, 49 percent said they’d back Harris, with 48 percent supporting Trump.

A total of 47 states, including the District of Columbia, are preparing to get early voting underway. In-person absentee voting opened in Florida on Monday and will begin in Wisconsin on Tuesday. Early voting typically opens up to two weeks prior to election day and lasts until November 3.

The state of Georgia reported record turnout on its first day of early voting last week.
Alabama, Mississippi, and New Hampshire remain the only states that do not offer early voting; they also require an eligible reason to vote by mail.
Latest poll
The Washington Post survey, conducted in the first weeks of October, polled more than 5,000 registered voters, a sizeable sample, and examined a large group of unregistered voters who haven’t committed to a single candidate.

The poll comes just as Trump’s average has nudged slightly ahead of Harris in the aggregate of surveys calculated by the website FiveThirtyEight, though the margin is so small it remains a statistical tie.
The poll results coincide with the two candidates hitting the campaign trail in full force this weekend – in wildly different ways. On Sunday, Trump was dishing out french fries at a Pennsylvania McDonald’s, while Harris celebrated her 60th birthday at a church in Georgia.
US Vice President Kamala Harris looks on as Stevie Wonder sings ‘Happy Birthday’ to her during a Souls to the Polls Sunday service in Jonesboro, Georgia. October 20, 2024.
Harris is holding moderated conversations with former Republican Liz Cheney in three battleground states on Monday. Her teaming up with Cheney, the daughter of former Vice President Dick Cheney, has drawn criticism from some Arab Americans due to the latter’s support for the Iraq war.
Trump has also seized upon the partnership, calling the former congresswoman from the state of Wyoming a “War Hawk.”
Arizona and Georgia
Trump’s support hasn’t budged much in the pivotal states since an earlier poll by Post-Schar. Harris is up six percentage points on her predecessor, President Joe Biden, who had tallied 41 percent of voter support prior to dropping out of the race in July.

Trump is riding high in Arizona, maintaining a six-point lead over Harris among registered voters. He is also up in North Carolina with a four-point advantage on the vice president among registered voters.
His leads in those states slightly decrease among likely voters. The latest Post-Schar findings differ from a recent Quinnipiac Poll, which found Harris might have a minor lead in North Carolina.

Harris is polling strongest in Georgia where she’s up six points on Trump among registered voters and four points with likely voters. She has a slight lead on Trump in Michigan, Pennsylvania, and Wisconsin. Harris has three points on Trump with registered voters in Nevada, but the political rivals are in a dead heat among likely voters.
Fundraising
One area where Harris has Trump beat is fundraising. As election day looms, Harris raised a whopping $633m in the third fundraising quarter, bringing her total to over $1bn, according to The Associated Press.
Her campaign brought in $359m last month alone and $222m in September, but her team has also unloaded $270m in October as part of a last-minute advertising campaign.

The vice president’s campaign entered the month with $346m cash on hand. Trump, meanwhile, had only $283m at the start of the month and raised just $160m in September.
Trump earned a different kind of win early on Monday when the Supreme Court announced it had rejected hearing an appeal from his onetime fixer, Michael Cohen, Reuters reported.

Cohen had sued Trump for retaliating against him while promoting a politically explosive book from Trump’s time in the White House. The justices declined to hear the case without comment.

A US District Court had previously dismissed Cohen’s lawsuit for damages, which the 2nd US Circuit Court of Appeals upheld in January.
Cohen previously pleaded guilty to nine criminal counts related to campaign finance violations during the 2016 election year.

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