- Trump advocates keeping Bitcoin and sees it as a strategic asset for the US
- Polls show Trump leading over Harris, influenced by crypto engagement.
After embracing Bitcoin [BTC] and the broader crypto market during his election campaigns, former President Donald Trump has once again made headlines with his comments about BTC.
Trump is weighing in on Bitcoin again
In a recent one live stream along with popular influencer Adin Ross, Trump advised the current administration not to sell the United States’ Bitcoin holdings.
This discussion arose following the government’s recent transfer of 29,800 BTC, worth approximately $2 billion, to an unknown address.
Trump emphasized the importance of holding Bitcoin, saying:
“It’s something they shouldn’t do because they should be trying to build it. It is a very modern coin. “So if we don’t do it, China will. Other places do it, and they do it anyway.”
Here he seems to believe that holding BTC could be strategically beneficial to the country, either as a long-term investment or as a valuable financial asset.
Election tactics?
What is important to note here, however, is that knowing that he is no longer in office, his comments could be an attempt to sway public opinion or sway crypto voters in the upcoming elections.
Later in the livestream, he also appreciated Bitcoin, saying:
“It’s a very modern coin, it’s a very modern shape, and I know a lot of very good people who are really interested in that world and in that market. They’re smart, they’re good people, and they think things are going well. be very useful.”
However, this statement did little to diminish his deep knowledge of cryptocurrency, leading some to speculate that it was more of an election tactic.
This perception may not be entirely accurate, given his recent interview with Fox Business, in which he said:
“Who knows, maybe we’ll pay off our $35 trillion, hand them a crypto check, hand them some Bitcoin, and destroy our $35 trillion.”
In his comments, he contrasted BTC with traditional finance, suggesting the US could potentially issue a $35 trillion Bitcoin check to pay off the national debt.
Kamala Harris is struggling to attract crypto voters
On the other hand, Vice President Kamala Harris’ limited involvement in the crypto community, coupled with her previous anti-crypto stance, has given Trump an edge in the race.
This advantage was emphasized by Polymarkt’s forecast data showing Trump in the lead with 54% of the vote, while Harris trails with 44%.
Source: Polymarkt
However, with a recent post from Epic Maps adding even more intrigue, the outcome of the election remains uncertain.
Source: Epic Maps/X
But regardless of the election outcome, the fact that cryptocurrency is at the center of the 2024 election sheds light on its potential to positively impact the future of the United States.