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Crypto’s Big Trump Gamble

cryptovert November 5, 2024 2 min read

This
year,
crypto
finally
got
its
pol
and
his
name
is
Donald
J.
Trump.

For
years,
this
industry
has
struggled
to
find
a
voice
in
politics,
someone
who
can
channel
its
liberation
ideology
and
bring
its
ideas
to
a
wide
audience.
Now
that
guy
is
Trump.

He
stands
on
a
stage
at
the
Bitcoin
Conference,
in
Nashville,
and
says
how
much
he
likes
crypto
people.
He
announces
a
Bitcoin
Strategic
Reserve.
He
promises
to
free
Ross
Ulbricht.
He

hands
out
burgers
at
PubKey
,
in
NYC.
He
even
forms
his
own
DeFi
project,

World
Liberty
Financial
,
complete
with
an
insider-y
governance
model
(what
better
way
to
signal
one’s
fidelity
to
crypto
than
that?)

Trump
says
and
does
all
the
things
crypto
wants
to
hear
and
he
attracts
millions
in
donations
as
a
result.
The
loudmouths
go
to
bat
for
him,
culture
warriors
in
performative
hatred.
He
occupies
political
space
that
the
Biden
Administration
and
the
Harris
campaign
could
have
occupied
if
they
weren’t
so
craven
to
the
Warren
Wing.
He
says

all
the
right
things
,
because
Trump
is
the
master
of
saying
what
people
want
him
to
say.
He
fits
perfectly
with
crypto’s
goals,
because
his
politics
are
adaptable
to
any
situation
and
crypto
was
desperate
for
a
friend.

I’ll
confess
that
all
this
makes
me
personally
uncomfortable,
not
because
I
have
any
great
love
for
Kamala
Harris,
but
because
Trump
has
a
long
track
record
of
being
a
fair-weather
friend.
He
could
just
as
easily
take
an
entirely
opposite
view
of
crypto,
if
it
suits
him,
and

he
has
.
I’m
worried
about
crypto’s
embrace
of
Trump
because
I
find
it
hard
to
believe
that
Trump
shares
principles
that
attracted
me
to
crypto.

Continue Reading

Previous: Semler Scientific Added 47 Bitcoin to Holdings, Bringing Stack to 1,058 BTC
Next: Bitcoin Price Crushing Altcoins Heading Into U.S. Election. Is There an Alt Rally Coming After?

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