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Donald Trump Says the US Can’t Afford to be in The Cryptocurrency Business Second Place

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Donald Trump Says the US Can't Afford to be in The Cryptocurrency Business Second Place

According to Donald Trump, the former US president, he is “very open-minded” to “all things related to this new and burgeoning industry.”

Donald Trump, a former US president, stated that the US should aim for the top spot in the bitcoin business and nothing less.

In an article published on May 25, Trump stated that “our country must be the leader in the field, there is no second place” on Truth Social, a social media website run by Trump Media and Technology Group (TMTG).

He began by saying, “I am very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry,” before criticizing Joe Biden, the incumbent president, with whom he would be running for president in 2024. Election day in the US is set for November 4.

On the other hand, Crooked Joe Biden, the worst president in our nation’s history, wants it to pass away slowly and painfully. That is not going to happen to me.”

Before his planned speech to the Libertarian Party National Convention in Washington that same day, he delivered these remarks.

The cryptocurrency industry has increased anticipation for Trump’s likely triumph due to his recent good stance towards cryptocurrency.

Polymarket, a crypto prediction site based in New York, projects that Trump will win the election with a 56% likelihood, while Joe Biden, the incumbent, has a 38% chance.

cryptocurrency industry

This occurred shortly after Trump declared that he would take cryptocurrency contributions for his presidential campaign. The Trump 2024 campaign announced on May 21 that it has established a fundraising page where anyone who meets the requirements could make cryptocurrency donations using Coinbase Commerce.

XRP ~$0.54}, USD Coin ~USDC ~$1.00}, SOL ~$165}, Dogecoin ~DOGE~ $0.17}, Shiba ~SHIB~ $0.000025}, Ether ~ETH ~$3,804}, and Bitcoin ~BTC ~$69,438} were among the logos displayed on the website.

In addition to promoting cryptocurrencies in public, Trump is also said to have met with fans.

According to a recent article from Cointelegraph, those who bought Trump’s “Mugshot” non-fungible tokens (NFTs) might have supper with him on May 8 at his Mar-a-Lago home.

The supper was a condition of purchasing the digital trading cards showcasing his mug image from his arrest at Georgia’s Fulton County Jail.

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