Coin Edition -
- Former President Trump hints at support for cryptocurrencies amidst the 2024 presidential elections.
- Trump acknowledges the rising use of crypto in transactions.
- Trump stated he wouldn’t crack down on regulations if re-elected.
In a recent CNBC interview, Donald Trump, the former U.S. president, hinted at his support for digital currencies. Trump expressed a surprising openness towards Bitcoin (BTC) and other cryptocurrencies, which was a change from his traditional Republican views on monetary policy.
Mihailo Bjelic, the co-founder of Polygon, took to X to appreciate the former president’s recognition of the potential of crypto.
It’s great to see that Trump recognized the potential of crypto and changed his view on it after launching his NFT collection on @0xPolygon. We got you, America. pic.twitter.com/rg8hbgOrjD— Mihailo Bjelic (@MihailoBjelic) March 11, 2024
Trump’s stance appears to have shifted towards a more favorable outlook on cryptocurrencies. Despite his long-standing preference for the U.S. dollar, Trump acknowledged the increasing use of digital assets in everyday transactions.
Furthermore, CNBC noted that the former president hinted that he wouldn’t crack down on the use of Bitcoin or other cryptocurrencies if re-elected in the upcoming election.
He quotes a personal encounter when his limited edition “Never Surrender” sneakers had significant sales, paid for mostly in cryptocurrency.
Ultimately, the last pair of sneakers sold for approximately, I hear, $450,000… So it just took off, and I noticed that so many of them were paid for with the new currency, cryptocurrency, and I couldn’t believe the amount.
Trump expressed his desire for the dollar and for people to continue using it. However, he recently acknowledged that the use of Bitcoin has increased and said, “You’re seeing something that’s interesting. I can live with it one way or the other.”
In recent news, Trump launched his third collection of non-fungible tokens (NFTs) in December 2023, known as Trump Digital Trading Cards MugShot Edition.
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