US Presidential Election Bullish On Bitcoin And Cryptocurrencies

Republished By Plato

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4 hours ago 2 mins read category : News

The US Presidential candidates show high support for Bitcoin and crypto.
While some candidates own Bitcoin and NFTs, they are also preaching tax free Bitcoin.
Two candidates promise an end to CBDCs.

As the next election cycle approaches, cryptocurrencies and blockchain technology are taking center stage in the political arena. Notable figures from the ongoing US Presidential campaign are showing their dedication to the crypto space.

Are we bullish on the next election:

𝐃𝐨𝐧𝐚𝐥𝐝 𝐓𝐫𝐮𝐦𝐩 has an NFT collection

𝐑𝐨𝐛𝐞𝐫𝐭 𝐊𝐞𝐧𝐧𝐞𝐝𝐲 bought 2 bitcoin for each of his 7 children

says he will make bitcoin tax free and ban central bank digital currencies

𝐑𝐨𝐧 𝐃𝐞𝐬𝐚𝐧𝐭𝐢𝐬 says he will ban… pic.twitter.com/gZTegR6TlW

— Crypto Tea (@CryptoTea_) July 27, 2023

In detail, many of the candidates standing for the US Presidential election seem to have some sort of connection to the crypto space. Specifically, some either own crypto assets while others are active in making crypto-friendly laws upon winning, or both.

To highlight, former President Donald Trump has already made a mark in the world of non-fungible tokens (NFTs). In fact, this NFT collection sold out soon after its debut. However, their value dropped significantly almost immediately.

NFTs have gained immense popularity, and Trump’s move into this space signals the growing acceptance of digital collectibles among high-profile figures. Meanwhile, other candidates are showing strong support for Bitcoin.

For instance, Robert Kennedy has been very vocal about his support for Bitcoin (BTC). He has even addressed the Bitcoin conference and has taken Bitcoin (BTC) as campaign donations as well.

In addition, Kennedy says he has bought two Bitcoin each for his 7 children. Furthermore, Kennedy says he will make Bitcoin tax free and will ban Central Bank Digital Currencies (CBDC).

Similarly, Ron DeSantis says he will ban Central Bank Digital Currencies (CBDC) as well. To stress his point, he said he would do so on his first day to protect the people’s right to their Bitcoin ownership.

Lastly, Francis Suarez is also in the running with his continuously striking show of support for Bitcoin and crypto. Suarez is already receiving his entire salary in Bitcoin. The Miami Mayor’s proactive approach towards crypto has garnered significant attention and has further fueled discussions about the future of digital currencies in mainstream finance.

As the election cycle unfolds, it’s evident that cryptocurrencies have become a pivotal topic in political discourse. With influential figures advocating for crypto-friendly policies and investment strategies, the digital asset industry is poised for a potential breakthrough in mainstream acceptance.

As candidates make their promises and the public assesses their potential impact, the crypto community eagerly awaits the outcome of the next election and its implications for the future of digital finance.

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