In his draw from this Monday, Nikolaus argued that Donald Trump is greatly pro-Bitcoin. I ask to vary.
Yes, Trump is supplying lip service to Bitcoiners, which is more than we can state of Kamala Harris. The truth that he spoke at the Bitcoin conference is definitely fascinating, and a minimum of shows that he’s aware of the “crypto voter” as a possible ballot block. And yes, Trump did appear at PubKey, which was an enjoyable little stunt— though he obviously wasn’t even able to make the payment himself.
But it’s blatantly apparent he simply desires your cash and your vote. Of course, the exact same can be stated for a lot of political leaders, however if anything, Trump is a more severe example of this. He’ll generally rip-off you for it if he must, whether it’s through these ludicrous NFTs, or with whatever his brand-new shitcoin task is expected to be.
I’m not encouraged that Trump will continue to be an ally of Bitcoin if he does get chosen for a 2nd term. Even at Bitcoin 2024, his closing remarks —“have fun with your crypto, and Bitcoin, and all the other things you play with”— explained he doesn’t really appreciate Bitcoin in any genuine method. Indeed, simply a couple of years earlier, Trump stated he was “not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air”.
Right now, Trump requires your cash and your vote— however he won’t require that any longer after he is chosen. Even if you wish to take seriously his blabberings like “miners get all the electricity they need for mining”, exists any factor to think he won’t toss Bitcoin under the bus the minute that benefits him… most undoubtedly, in favor of the dollar?
Given Trump’s performance history of damaged project assures in his very first term, I wouldn’t anticipate anything else.
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