The post It’s impossible for Donald Trump to remain pro-crypto if he wins appeared on BitcoinEthereumNews.com.

Donald Trump is trying to be the crypto community’s best friend. In 2019, he called Bitcoin a scam and said crypto would fuel crimes. Fast forward to this election year, and he’s singing a different tune, calling himself the “crypto president.” Why the change? Well, it’s simple. He wants votes and money. His campaign has already pulled in about $25 million from donations in the industry. But the big question is, can he actually remain pro-crypto if he takes back the Oval? Spoiler alert. Probably not. At the Bitcoin conference in Nashville, he promised to make the U.S. the “crypto capital of the planet.”  He’s talking about creating a Strategic National Bitcoin Stockpile. This means holding onto all the Bitcoin the U.S. government has, which is worth over $12 billion at press time. He also wants to set up a Crypto Advisory Council, packed with industry insiders to create new rules.  Oh, and he’s completely against Central Bank Digital Currencies (CBDCs), calling them a “dangerous threat to freedom.”  He’s gonna do everything in his power to stop the Federal Reserve from creating one. It’s all designed to get the crypto community on his side and to fight what he calls “Biden’s anti-crypto crusade.” Promises vs. reality Trump’s promises sound great on paper, but they’re not realistic. The Strategic National Bitcoin Stockpile idea, specifically, is crazy.  Bitcoin is volatile. Using it as a core part of U.S. monetary policy is like playing with fire. The plan to create a Crypto Advisory Council sounds nice, but it’s not clear how that will work.  Who will be on this council? How much influence will they have? Knowing Trump, it’s likely to be filled with people who support his business ventures. Trump has a new business, World Liberty Financial. It’s allegedly a crypto trading…

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Filed under: News - @ September 21, 2024 11:53 pm