Many people believe that in the context of the confrontation between the Republicans and the Democrats in the election year: Bitcoin crypto users and voters are suppressed by the Democratic Party-dominated authorities, and Trump's show of goodwill is conducive to winning more votes and generous donations, paving the way for the next election. This logic makes perfect sense, but in this case, there is no guarantee that the Republicans and Trump will "abandon each other after having an affair" after winning the election. There are many similar examples in history.
In fact, there is no need to worry about this. Many people only know one side of the story and not the other. Another very important background is the traditional propositions and values of the Republican Party to which Trump belongs.
Simply put, the values of the Republican Party, including Trump, determine the route and main direction of their future policy making. In fact, the Republican Party and Trump have always advocated: economic policies that support free markets and personal freedom, conservative social concepts, and a certain degree of right-wing conservatism. At the same time, Trump has proposed policies that support technological innovation, advocate personal privacy and security, and oppose overly concentrated monetary control and financial supervision. In general, people on the right may be more inclined to support and participate in technological innovation and market freedom.
It is not difficult to see that Bitcoin's core concept of returning financial power to individuals is completely in line with the Republican Party and Trump's values of personal freedom and market freedom. At the same time, Bitcoin is also more favored and supported as an emerging technology and investment opportunity supported by them.
This can also be seen from Musk, who also supports the value concept of Bitcoin. In a recent interview, Musk said that he is an admirer of American values. He has supported the Democratic Party in history and now supports the Republican Party. He is just looking for which party is more in line with the American values in his mind. At present, the Republican Party is more in line with his advocated principles of maintaining the applicability of talents, not abusing DEI (Diversity, Equity, and Inclusion, which is a typical left-wing value), and advocating personal freedom and other basic American principles, so he now supports the Republican Party.
Of course, Trump’s speech at the Bitcoin conference was still a bit corny, and his promises are likely to be discounted. After all, his purpose now is more about winning votes, but when he is really in a high position, he will need to weigh all the pros and cons. The implementation of the new policy is likely to cause controversy again.
Finally, just look at the lukewarm reaction of the Bitcoin market after Trump’s speech and we will know that everyone knows that we cannot listen to what he says, but must see what he will really do at that time.
