As the 2024 election looms, Trump’s evolving crypto stance is shifting political dynamics—could this sway voters?
- Trump’s strategic use of NFTs has increased his influence in the crypto community. Harris has largely avoided addressing cryptocurrency in her economic plans.
As the 2024 election heats up, the crypto community’s support for former President Donald Trump is intensifying, particularly in contrast to Vice President Kamala Harris.
Pompliano delves into Trump’s crypto stance
In a recent discussion between Anthony Pompliano, CEO of Professional Capital Management, and his wife Polina Pompliano, author and founder of The Profile, the complexities of Trump’s relationship with cryptocurrency were explored.
The discussion began when Mrs. Pompliano questioned Anthony Pompliano about Trump’s crypto holdings and his evolving stance on the industry.
This inquiry was majorly sparked by Trump’s surprising reaction to Bitcoin [BTC] statistics during the Bitcoin conference, where he seemed taken aback by the information he was presenting to attendees.
Responding to the question, Mr. Pompliano explained that while Trump’s direct crypto investment may be limited, his strategic use of NFTs and shifting public stance have significantly shaped the political conversation about crypto.
“He [Trump] shifted the national conversation that now the leading presidential candidate is pro-Bitcoin.”
Pompliano further clarified that Trump’s crypto assets, valued between $1 million and $5 million, primarily stem from a 2% fee on NFT transactions rather than personal investments.
Harris faces skepticism from the crypto community
However, when asked about his viewpoint on Harris he added that she has not addressed cryptocurrency so evidently.
He said,
“She has not, I think explicitly herself come out and said anything about crypto. She just released this big economic plan and there was not a single mention of crypto in there.”
He even went ahead and criticized the current administration’s hostile approach towards crypto and took a jab against Harris stating,
“So that is one of the challenges that I think Harris has is the things that are going well in the current administration she’s gonna want to take credit for and say, ‘hey meet me and Joe we were right there together’, but the things that are not going well she’s going to have to try to distance herself.”
Trump’s odds to increase?
In conclusion, he noted that although Trump was previously hostile toward Bitcoin, he has shifted his stance, illustrating that political positions can evolve.
“So it can happen, a politician can change their position.”
As expected Trump’s support was further confirmed by the latest Polymarket charts, which show his lead in the odds has reached 7%.
Source: Polymarket/X
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