Ouch, it's unfortunate when highly powerful people make decisions like this. Biden's administration isn't friendly to cryptos, I admit it. But I think Trump is just playing a temporary game of pretending to be pro-Bitcoin so that he can get some votes out of it, whereas in the past he's been consistently anti-Bitcoin. It seems like it isn't their first major support for Republicans, as they supported Blake Masters (Arizona). Masters lost despite getting attention and generous support of billionaires. I hope the same will happen to Trump, although I must admit that Biden isn't a particularly good option.
Do you think it's fair for us to keep bringing up other people's past to judge them in the present? It is true that he has criticized and opposed bitcoin in the past, but many years have passed and he may have changed his opinion on bitcoin. We have seen many investors change their opinion about bitcoin and we always congratulate them for finding the truth, so why are we always upset with Mr. Trump?
Furthermore, even retail investors like us know that he has been against bitcoin, or he is pretending to be pro-bitcoin just because he wants to get more votes. Do you think other people like the Winklevoss twins don't know about it? Maybe they even met Mr. Trump directly to confront him about this, but they still decided to support him. Do you think they are more stupid than us?
I'm not from America and don't care who wins, but the fact that many high powered people support Mr. Trump is something that makes us think.
I'm not from America either, but from talking to a lot of US folks about this it actually comes down more to the party level politics. The Republicans do things differently to the Democrats, and vice versa. A common answer I get from americans is that they Democrats but lean Republican when it comes to the matter of the economy. Its generally believed a republican in power creates better economic situations than a democrat in power but alot of poeple prefer the Democrats when its comes to social matters.
So it makes sense these business owners want a republican in power so they can make more money.