Donald Trump

United

Polygon

James

<p>The fishing has been good for Donald Trump in the crypto community. By using bitcoin donations, the former president has better chances of reclaiming the Oval Office. Crypto enthusiasts see him as a champion of mass crypto adoption. This cunning strategy could well transform the landscape of political campaigns in the United States.</p>
<h2 id="h-donald-trump-and-crypto-donations-a-winning-alliance">Donald Trump and crypto donations: A winning alliance?</h2>
<p>Donald Trump’s relentless effort to <a href="https://www.cointribune.com/en/trump-could-win-the-elections-because-of-his-pro-crypto-policy/" target="_blank" rel="noopener noreferrer nofollow">woo crypto enthusiasts</a> is bearing fruit, thanks notably to <strong>cryptocurrency donations</strong>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>According to the <a href="https://learn.breadcrumbs.app/posts/campaign-donations-donald-trump-2024-election-blockchain" target="_blank" rel="noopener noreferrer nofollow">blockchain analysis company Breadcrumbs</a>, on-chain crypto donations for Trump’s campaign amount to <strong>around $60,000</strong>. This amount, collected from <strong>218 donors</strong>, seems modest. However, <strong>donations via centralized crypto exchanges, such as Coinbase</strong>, are seeing a significant increase.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://accounts.binance.com/en/register?ref=35547494" target="_blank" rel="noopener noreferrer nofollow">Buy cryptos with Binance</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>James Delmore, an analyst at Breadcrumbs, explains:</p>
<p>“<em>On-chain donations are not easy to make, hence the influx of funds through centralized exchanges</em>”.</p>
<p>The <strong>complexity of on-chain transactions</strong> may deter some donors, but it hasn’t slowed down Trump’s campaign momentum.</p>
<p class="has-text-align-left">Significant donations, such as the <strong>$2 million in bitcoins (BTC) offered by the Winklevoss twins</strong>, well illustrate this trend.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div>
</div> 
<p>Cryptos sent via Ethereum, Base, and Polygon (totaling around $59,000) represent a fraction of the <strong>$260 million in funds raised</strong>, but mark a symbolic turning point towards mass crypto adoption.</p>
<h2 id="h-the-impact-of-cryptos-on-trump-s-campaign">The impact of cryptos on Trump’s campaign</h2>
<p>The announcement last May by Donald Trump’s campaign of <strong>accepting cryptocurrency donations</strong> generated genuine excitement. Positioned as <strong>a fervent advocate of cryptos</strong>, Trump has caught the attention of bitcoin and other digital asset enthusiasts.</p>
<p>While the American regulatory landscape remains uncertain with several lawsuits against cryptocurrency companies, <strong>Trump stands out with <a href="https://www.cointribune.com/en/the-unexpected-passion-of-donald-trump-for-cryptos-true-love-or-electoral-strategy/" target="_blank" rel="noopener noreferrer nofollow">a pro-crypto stance</a></strong>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p>The months leading up to the elections have seen attempts in Congress to <strong>pass favorable laws for cryptocurrencies</strong>. This dynamic could work in favor of the former president, with donors hoping for clearer and more favorable policies for the crypto industry.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>By incorporating cryptocurrency donations into his strategy, Trump shows he is <strong>ready to innovate and embrace new financial technologies</strong>. This approach could well give him a decisive advantage in the presidential race.</p>
<p>With growing support for cryptocurrencies, Trump’s election could well encourage more Americans to <a href="https://www.cointribune.com/en/bitcoin-trump-wants-the-usa-to-seize-the-remaining-btc/" target="_blank" rel="noopener noreferrer nofollow">venture into the crypto industry</a>. Is the bitcoin rush upon us?</p>

Crypto: Donald Trump Courts Donors for Campaign Funds

Table of Contents

Cointribune EN

Další články publikované 25. 6. 2024

Notcoin (NOT) Surged By 11% Today, Following A $2.5B Airdrop

Shiba Inu whale unloads $18M on Binance; Is the meme coin rally over?

Spot Bitcoin ETFs Witness $1.13 Billion Outflows in Seven Days, Signaling Market Shifts

Blockchain has a role to play in countering the ill effects of AI

Top 8 Explosive Crypto Presales To Buy During The Summer

HIVE Digital Posts 8% Revenue Growth, Closes Fiscal Year with $141M in Bitcoin Holdings

Join our free newsletter for daily crypto updates!