Trump Vows to Halt Biden's 'Crypto Crusade' as Election Heats Up
The upcoming US presidential election is heating up, with cryptocurrency taking centre stage. Donald Trump, who has dubbed himself the 'crypto president', has vowed to halt Joe Biden's 'crusade against crypto' within hours of starting his second term. Meanwhile, crypto plays a negligible role in German or European elections.
Trump's campaign has accepted crypto donations, a move not reciprocated by Biden's team. This shift aligns with Trump's recent $12 million fundraise from tech venture capitalists at an event hosted by David Sacks, known for spreading Russian narratives and opposing aid to Ukraine. Sacks' influence in the crypto sphere could sway the election's outcome.
Prediction markets favour Trump, giving him a 56% chance of victory on November 5th. His pro-crypto stance and acceptance of crypto donations have resonated with a significant portion of the crypto industry. However, no leading German or European politician has publicly sought a 'crypto-Chancellor' or 'crypto-Commissioner' position.
Control over the world's most powerful army may hinge on one's stance on Bitcoin and crypto, as indicated by Trump's promises and the crypto industry's leanings. Future historians may describe our political reality as a gerontocracy, with older leaders steering powerful states, as seen in the US presidential race.
