Donald Trump, who has declared himself as a “crypto candidate,” will speak at the Bitcoin Conference in Nashville, Tennessee, tomorrow. While this would be the first time a presidential candidate attends the conference — the world’s biggest annual celebration of Bitcoin — it has sparked a debate over whether Trump will receive support from the crypto community in the upcoming election.
Crypto is now Trump’s new favorite
This election year, crypto has emerged as a political topic. Trump’s position on cryptocurrency represents a significant U-turn. A few years ago, he denounced Bitcoin as “a scam against the U.S. dollar” and said the central bank digital currencies are “very dangerous.” In past years, he said that crypto is “a disaster waiting to happen” and that he is “not a fan of it.”
Now he says he is “good” with crypto. Moreover, Trump’s campaign is accepting donations of Bitcoin, Ether, Dogecoin, Solana, and other cryptocurrencies. His vice presidential running mate, Sen. J.D. Vance of Ohio, is also a crypto-friendly leader who owns Bitcoin holdings through Coinbase that are valued between $100,001 and $250,000.
The crypto community is eager to see what Trump has to say about crypto. Trump has not yet declared how he plans to support cryptocurrency and blockchain growth through policies. However, he met with crypto miners last month and said that all the remaining Bitcoin should be created in the U.S.
