Re: Winklevoss "Gemini" twins donate $2m to support Trump

Quote from: mv1986 on June 22, 2024, 11:39:12 PM

Quote from: Abiky on June 21, 2024, 11:36:04 AM

It's official. The Gemini exchange founders (the Winklevoss twins) have donated $2 million (USD) to help support Trump's campaign. Read all about it here: https://www.reuters.com/world/us/gemini-founders-donate-1-mln-bitcoin-trump-2024-06-20/

I guess the crypto industry now views Trump as the ideal presidental candidate to help spur its growth across America. If everyone unites, Biden won't stand a chance in getting re-elected as President of the United States. The "heavy-handed" regulations towards the crypto/Blockchain industry might've angered industry players against Biden and his Democratic Party. Could Trump's support of Bitcoin be enough to propel him to the White House? Only time will tell.

What do you think about this donation? Will it make a huge difference on Trump's re-election campaign? If not, why? Your input would be greatly appreciated. Thank you very much.

I think this goes too far. As far as I have been following things that Trump said, he has mentioned crypto a couple of times for strategic reasons to gain some more votes as it could become very close, but I believe that many of the Bitcoin people are still skeptical whether he will fully stand behind the Bitcoin industry once he gets elected. I am not convinced to be honest. There wasn't all that much talk about it from his side. He just brought it up a couple of times, but more like a side topic.

The donation itself, well it could be meant in a manipulative way that Trump now makes very clear statements about Bitcoin and its future in the United States. He may think that more money might flow in for his election campaign. We will see how Trump will either honor this donation or just leave it as it is.

By the way, in a couple of days there is the first TV duel between Trump and Biden. I wonder if the topic will be brought up there.

I agree with you that Mr. Trump only mentioned supporting cryptocurrency in a few statements, he never spent much time seriously discussing it. But we also need to know that the cryptocurrency industry is still not a field with a large number of participants, or plays an important role in the economy of a country like the US. It is just an emerging trend and is gradually becoming popular. It cannot be more important than other issues such as promoting the economy, immigration, war...other painful problems in society. So we don't need to be too picky about why he doesn't hold any dedicated discussions on cryptocurrencies.

I feel that Mr. Trump's strategy is to attract and win the trust of minority voters in society, and cryptocurrency is one of them. Just because we are crypto investors we feel dissatisfied but for other voters, they care about other things rather than focusing on crypto like us.