AARON: Trump doesn’t care about Bitcoin

In his performance on Monday, Nikolaus claimed that Donald Trump is strongly pro-Bitcoin. I beg to differ.

Yes, Trump is giving users Bitcoin, which is more than we can say about Kamala Harris. The fact that he spoke at the Bitcoin conference is certainly interesting and at least indicates that he is aware of the “crypto voter” as a potential voting bloc. And yes, Trump showed up at PubKey, which was a fun little stunt — though he apparently wasn’t even able to make the payment himself.

But it’s obvious he just wants your money and your vote. Of course, the same can be said of most politicians, but if anything, Trump is a more extreme example of this. He’ll basically cheat you for it if he has to, whether it’s through these ridiculous NFTs or whatever his new shitcoin project is supposed to be.

I am not at all convinced that Trump will continue to be an ally of Bitcoin if he is elected for a second term. Even at Bitcoin 2024, his closing remarks — “have fun with your crypto, Bitcoin, and all the other things you play with” — made it clear that he doesn’t care about Bitcoin in any real way. Indeed, just a few years ago, Trump said he was “not a fan of Bitcoin and other Cryptocurrencies, which are not money and whose value is very volatile and based on thin air.”

Trump needs your money and your vote right now, but he won’t need it after he’s elected. Even if you want to take his words like “miners getting all the electricity they need to mine” seriously, there’s reason to believe he won’t throw Bitcoin under the bus when it benefits him… most obviously in favor of the dollar?

Given Trump’s track record of broken campaign promises in his first term, I wouldn’t expect anything else.