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Trump Turns Bitcoin Into Test of Patriotism
(gizmodo.com)
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this post was submitted on 12 Jun 2024
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Your thinking seems more insightful than mine.
My reasoning that he is mainly after the money is that in the past year he has been paying a lot of legal fees and fines, while trying to run a campaign. He had his NFT collection which made him a quick buck to then immediately floor in value, same for trump media stocks - except they then skyrocketed again, and now flooring again. So.. Just seems like something he'd do.
The 2nd reason is that crypto is a very divisive topic with loads of people hating on it - including banks and some other financial institutions. I'd expect it's a double edged sword for supporters, but maybe he's gaining more from it than losing in terms of votes.
Considering that it's been a few days since he made his statement and there hasn't been massive movement on BTC price, he's either not influential enough to impact it or I was wrong.
/shrug
Yeah, you might have a point. Let's see which scam, electoral or financial, he's trying to pull. Or maybe it's both... I'm guessing things will heat up one way or another as we get closer to the election.