Trump's Big Pitch: If you support cryptocurrency, you better vote for Trump

Fox Business reporter Eleanor Terrett retweeted a segment of a speech by US presidential candidate Donald Trump, in which Trump criticized Biden for not understanding cryptocurrencies and claimed that SEC Chairman Gensler and the majority of the Democratic Party are against cryptocurrencies. He boldly campaigned: "If you support cryptocurrencies, you better vote for Trump!"

I think this is the first time @realDonaldTrump has openly endorsed (or even publicly spoken about) “crypto” instead of just Bitcoin.

“If you like crypto in any form…and it comes in many forms…if you’re in favor of crypto, you better vote Trump.”

He even mentioned Gensler. https://t.co/Wo2ILZCofc

— Eleanor Terrett (@EleanorTerrett) May 9, 2024

Fox Business reporter Eleanor Terrett said:

I think this is the first time Trump publicly acknowledges, and even openly talks about "cryptocurrency", not just Bitcoin.

Trump has mentioned cryptocurrency several times this year. In February, he called Bitcoin "its own thing" and while Bitcoin is interesting, he still prefers the US dollar. In March, during an interview on CNBC, he said he is "very interested" in cryptocurrency, Bitcoin is another form of currency, and he sometimes accepts Bitcoin payments from others.

However, this time Trump boldly and clearly campaigns:

If you like cryptocurrency, it comes in many forms. If you support cryptocurrency, you better vote for Trump.

He also mocked Biden for not understanding cryptocurrency at all, and Gensler is against cryptocurrency, and the majority of the Democratic Party is against cryptocurrency.

Previously, when Trump was in office, his attitude towards cryptocurrency and its regulation was mostly cautious, and sometimes critical. Has Trump's ideology changed with this statement, or is it purely for campaigning purposes?

In 2024, Trump leads Biden in polls. Looking back at the "crypto-friendly" under the Republican Trump administration?

However, recent reports from Standard Chartered Bank and VanEck believe that if Trump is elected this year, it will have a positive impact on digital assets. They have set year-end price targets for Bitcoin at $150,000 and $100,000.