Cryptocurrency

Donald Trump

Crypto Trump

<a href="https://bitcoinworld.co.in/crypto-trump-trade-will-return-after-8-years-if-former-president-wins-the-election/" title="Crypto Trump Trade Will Return After 8 Years If Former President Wins the Election" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Crypto Trump Trade is expected to return as Republicans adopt a pro-crypto stance to attract voters and funding.</li>
 <li style="font-weight: 400"><a href="https://bitcoinworld.co.in/donald-trump-receives-the-support-of-another-bitcoin-bull-cathie-wood/" rel="noopener noreferrer nofollow">Donald Trump</a> has pledged to advocate for Bitcoin mining and criticized democratic regulatory efforts if re-elected.</li>
</ul>
Cryptocurrency may become the primary “Trump Trade” in the current election cycle as Republican prospects improve and their leading candidate, former President Donald Trump, according to Bernstein analysis.
<h3 id="span-style-font-weight-400-crypto-trump-trade-may-repeat-if-former-president-is-reelected-span">Crypto Trump Trade May Repeat If Former President Is Reelected</h3>
Gautam Chhugani and Mahika Sapra, in their Monday <a href="https://www.bloomberg.com/news/articles/2024-06-24/crypto-may-become-the-new-trump-trade-bernstein-analysts-say" rel="noopener noreferrer nofollow">report</a>, highlighted that Republicans view a favorable position on the crypto industry as a dual advantage: attracting voters and securing campaign funds from super PACs that back pro-crypto politicians.
The term “Trump Trade” originated from the post-2016 election surge in the U.S. stocks, Treasury yields, and the dollar after Trump’s victory.&nbsp;
Analysts predict a similar crypto Trump Trade will be repeated if the Republican party candidate wins again, driven by institutional adoption and a more favorable regulatory environment.
“The Republican side sees crypto not just as a vote bank but also a meaningful source of funding,” the analyst noted.&nbsp;
They added sentiment that a shift in election towards the Republicans could bring back crypto Trump Trade and change the blockchain narrative with hopes for a supportive regulatory regime.
<h3 id="span-style-font-weight-400-trump-shows-enthusiasm-for-crypto-span">Trump Shows Enthusiasm for Crypto</h3>
Earlier this month, Trump expressed strong support for Bitcoin mining during a meeting with several miners at his Mar-a-Lago resort.&nbsp;
He assured participants that he would advocate for Bitcoin mining if he returned to the White House. Trump also criticized Democrats’ regulatory attempts, positioning himself as a crypto advocate.
In May, Trump’s campaign launched a fundraising page allowing cryptocurrency donations through Coinbase Commerce, complying with Federal Election Commission regulations.&nbsp;
This move enables supporters to contribute to his presidential campaign using digital currencies.
The Winklevoss twins, prominent Bitcoin investors, donated $1 million each to Trump, but the contributions were refunded as they exceeded the legal limit for individual donations to election candidates.

Crypto Trump Trade Will Return After 8 Years If Former President Wins the Election

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