Fox Business reporter Eleanor Terrett retweeted a speech by US presidential candidate Donald Trump, in which Trump criticized Biden for not understanding cryptocurrencies. He also claimed that SEC Chairman Gensler and the majority of the Democratic Party are against cryptocurrencies. Trump boldly campaigned, stating, “If you support cryptocurrencies, you better vote for Trump!”
Fox Business reporter Eleanor Terrett stated, “I think this is the first time Trump publicly acknowledged, and even talked about, ‘cryptocurrencies,’ not just Bitcoin.”
Donald Trump has mentioned cryptocurrencies multiple times this year. In February, he referred to Bitcoin as “going its own way” and stated that although Bitcoin is interesting, he still prefers the US dollar. In March, during an interview on CNBC, he expressed a strong interest in cryptocurrencies and acknowledged Bitcoin as another form of currency, sometimes accepting Bitcoin as payment from others.
However, this time Trump explicitly campaigned, saying that if you like cryptocurrencies, which come in various forms, you better vote for him. He mocked Biden for not understanding cryptocurrencies and criticized Gensler for being against cryptocurrencies, as well as the majority of the Democratic Party.
Previously, Chain News also compiled Trump’s attitude towards cryptocurrencies and their regulation during his presidency, which was mostly cautious and sometimes critical. Has Trump’s ideology changed with these remarks, or is it purely for campaigning purposes?
However, Standard Chartered Bank and VanEck have recently issued reports suggesting that if Trump is elected this year, it will have a positive impact on digital assets. They have set the year-end price target for Bitcoin at $150,000 and $100,000.
Donald Trump
cryptocurrencies
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