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Republican presidential candidate Donald Trump is rallying the crypto community to help him unseat Democrats in the upcoming elections. The former president showed up at Nashville’s Music City Center after a huge fundraising event that targeted wealthy crypto executives, raising tens of millions of dollars. Credits: CoinDesk Thousands of Bitcoin enthusiasts waited for hours to see him. Trump began by thanking the event’s organizers and mentioning several big names in crypto, like Tyler and Cameron Winklevoss, the founders of Gemini, and MicroStrategy’s Michael Saylor. Trump warns against democrats On stage at the Bitcoin Conference, Trump made it clear that he believes the U.S. simply must be a crypto leader. Speaking to over 3,000 attendees, he said: “If we don’t do it, China will do it. And Bitcoin is going to the moon. There’s never been anything like it. One day it probably will overtake gold.” Trump compared crypto to the steel industry of 100 years ago, saying it’s still in its early stages but has enormous potential. He warned that if Democrats keep the White House, it would be a disaster for crypto. In his words: “If they win this election, every one of you will be gone. They will be vicious. They will be ruthless. They will do things you wouldn’t believe. But right now, because of me, they’re leaving you alone.” The warning evidently resonated with many in the audience who see the current administration as hostile towards crypto, as they cheered him on. Are Democrats trying to fix things with the crypto industry? Crypto became a hot topic in the 2024 election race in late May when Trump declared himself the industry’s candidate. He declared, apparently, that: “If you’re in favor of crypto, you’re gonna vote for Trump because they want to end it.” The Democrats, meanwhile,…

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Filed under: News - @ July 27, 2024 10:18 pm