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In his take from this Monday, Nikolaus argued that Donald Trump is heavily pro-Bitcoin. I beg to differ.
Yes, Trump is providing lip service to Bitcoiners, which is more than we can say of Kamala Harris. The fact that he spoke at the Bitcoin conference is certainly interesting, and at least indicates that heâs aware of the âcrypto voterâ as a potential voting block. And yes, Trump did show up at PubKey, which was a fun little stuntâ though he apparently wasnât even able to make the payment himself.
But itâs blatantly obvious he just wants your money and your vote. Of course, the same can be said for most politicians, but if anything, Trump is a more extreme example of this. Heâll basically scam you for it if he must, whether itâs through these ridiculous NFTs, or with whatever his new shitcoin project is supposed to be.
I'm not at all convinced that Trump will continue to be an ally of Bitcoin if he does get elected for a second term. Even at Bitcoin 2024, his closing remarks ââhave fun with your crypto, and Bitcoin, and all the other things you play withââ made clear he doesnât actually care about Bitcoin in any real way. Indeed, just a few years ago, Trump said he was ânot a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin airâ.
Right now, Trump needs your money and your voteâ but he wonât need that anymore after he is elected. Even if you want to take seriously his blabberings like âminers get all the electricity they need for miningâ, is there any reason to believe he wonât throw Bitcoin under the bus the moment that benefits him... most obviously, in favor of the dollar?
Given Trumpâs track record of broken campaign promises in his first term, I wouldnât expect anything else.
This article is a Take. Opinions expressed are entirely the author's and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.
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