AARON: Trump doesn’t care about Bitcoin

This Monday, Nicholas claimed that Donald Trump is very much in favor of Bitcoin. I beg to differ.

Yes, Trump is giving Bitcoiners more lip service than he can say about Kamala Harris. The fact that he spoke at a Bitcoin conference is certainly interesting, and at least indicates that he recognizes “crypto voters” as a potential voting bloc. And yes, Trump showed up on PubKey. It was a fun little stunt. Although he apparently could not have paid it himself.

But it’s blatantly obvious that he just wants your money and votes. Of course, the same goes for most politicians, but Trump is a more extreme example of this. He will basically scam you if he has to, whether it’s through some ridiculous NFT or whatever his new shitcoin project is.

I am not convinced that Trump will continue to be an ally of Bitcoin if elected to a second term. Even in Bitcoin 2024, his last comment, “Have fun with cryptocurrencies, Bitcoin, and everything else you can play with,” made it clear that he actually has no interest in Bitcoin at all. In fact, just a few years ago, Trump said, “I am not a fan of Bitcoin and other cryptocurrencies, which are not money, have high volatility in value, and are based on thin air.”

Trump needs your money and your votes right now. But after you get elected, you won’t need that anymore. Even if you want to take his mumbles like “miners get all the electricity they need to mine” seriously, is there any reason to believe he won’t throw Bitcoin under the bus the moment it benefits him? Most definitely yes. dollar?

Given Trump’s record of breaking campaign promises during his first term, I wouldn’t expect anything different.