Donald Trump’s campaign for the pro-Bitcoin Vote: a sign of the times

Love him, hate him (or don’t care), there’s no denying that Trump and his campaign team have been on the mark when appealing to or repelling the American public, with an almost perfect dichotomy with little to no grey area in between. This time, however, the dichotomy is less black-and-white, but orange as he declares a decisively pro-Bitcoin stance:

“I am very positive and open-minded to cryptocurrency companies, and all things related to this new and burgeoning industry [...] Our country must be the leader in the field, there is no second place,” Trump declared in a May 25 post on Truth Social.

Trump already changed his previously negative stance on Bitcoin, in February 2024, by stating “he can live with it.” But Trump and his campaign team must have noticed the growing popular sentiment around Bitcoin in the United States and pushed a much more aggressive and positive position when Trump recently declared: 

"I will support the right to self-custody, to the nation's 50 million crypto holders I say this with your vote, I will keep Elizabeth Warren and her goons away from your Bitcoin.” - Donald Trump

This change of stance by Trump is no coincidence, and it’s not a shot in the dark either. Approximately 20% of Americans hold Bitcoin and many more are aware of Bitcoin’s purpose, and to be a decentralized alternative monetary system to state-issued fiat currency, with a provably fixed supply. There’s a growing distrust in public institutions, along with excessive inflation of the U.S. dollar in the past 5 years, which has led to Bitcoin growing in popularity in the U.S. and abroad. Whether Trump will keep his promises or not is another matter, but his campaign’s keen sense of the broader public sentiment should not be ignored. 

This sentiment is not limited to the American public, but also in the private sector, where businesses are integrating Bitcoin into their balance sheet (such as MicroStrategy) or product features (such as Cash App with 80 million users) not just for its unique monetary properties as an asset but also because of its superior payment technology with the Lightning Network: a layer 2 payment network that allows Bitcoin to be sent and received with instant settlement while being up to 1000x cheaper than Visa and Mastercard.

What is certain is that Bitcoin is officially a voting issue for November 2024. With over $50 billion in the Bitcoin ETFs, hundreds of firms, and a fifth of the country owning Bitcoin, U.S. politics will need to adapt to this new demographic: the Bitcoiners. If you want to be a part of this new industry before your competitors take your market share, get in contact with Neutronpay to future-proof your business through one integration with Bitcoin, USD stablecoins & Lightning Network for instant and cost-effective global payments:

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