Why crypto is backing Trump despite him calling it a 'scam'
4,657
Publicado 2024-07-20
"We're thrilled to have the president speaking in what is going to be a historic speech on bitcoin policy and his agenda as of the new administration. We've been working with the Trump campaign for several months, advising them on different policy platform items that our industry cares about, our community cares about, and really helping lay the case for the amount of votes and the amount of dollars that our industry can deliver for the campaign... Donald Trump is a businessman first and foremost, and he sees a good opportunity. And Bitcoin is the greatest opportunity for this country," Bailey explains.
He notes that many in the cryptocurrency industry are single-issue voters, and with Trump backing bitcoin, he has gained much of the industry's support. He adds, "the way the Biden administration has treated the bitcoin and crypto community has been horrendous... they've suggested tax regimes for our industry that if implemented would devastate the American bitcoin industry, they've targeted bitcoin miners claiming that they are fundamentally dangerous to the environment when in fact, bitcoin miners are investing billions of dollars into America's infrastructure and energy infrastructure. The list goes on."
Bailey stresses that "bitcoin is bipartisan," and that with Biden targeting the industry, the industry is "going to defend itself." By aligning with Donald Trump, he claims that the industry is "going to send a message to the Democratic Party that that they're on the wrong side of this issue. And that it would be much more productive for them to work with our industry rather than to banish our industry. There are over 50 million Americans that own bitcoin and other cryptocurrencies. That is a massive voter bloc. And there used to be an old political adage that people vote their pocketbook. Bitcoin is people's pocketbooks today. So the Democratic Party is misaligned with the public."
#CRYPTO #TRUMP #bitcoin
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (apple.co/3Rten0R) or Android (bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: twitter.com/YahooFinance
Instagram: www.instagram.com/yahoofinance/?hl=en
TikTok: www.tiktok.com/@yahoofinance?lang=en
Facebook: www.facebook.com/yahoofinance/
LinkedIn: www.linkedin.com/company/yahoo-finance
Todos los comentarios (21)
-
Great stream, as always. I appreciate the level-headed approach you take to the news and the markets. A lot has changed and it's everywhere, but the truth is that owning Bitcoin is not enough, but investing and trading it to earn more and increase your portfolio is of paramount importance. . As for me, I trade with expert mark donald and my crypto portfolio is constantly growing.
-
Bought NVDA88K after watching your video, super excited! 💰
-
Would you put your money in the bank that filed bankruptcy six times?
-
I think you mean Crypto David,not just Bitcoin.
-
Thanks, it's interesting to watch. A little off topic, but I can't find info on how to do this, maybe someone here can tell me. How can I transfer USDT from an Okx wallet to binance? There is only the initial phrase, nothing more: head isolate sound end kit industry choice festival limit stable dolphin derive. It doesn't work for me, the address doesn't accept it... I'm afraid to screw up.
-
A businessman that went bankrupt on 6 casinos. My 8 yo grand daughter is a better businessman.
-
Depends on your finances . 1000$ in XAI49K is 4000 XAI49K if it goes to 50% of ath in 2024 thats a 600% gain. If it goes equal to ath . Its a 1200% gain.
-
This man lies.
-
Scams, Money Laundering, Casinos, Donations What's Not To Like ?
-
Yes Madelyn yesJiménez Yes
-
Nice video. Not a criticism, I enjoy your insights. I tend to think prices could go higher if XAI49K rockets. But understand the logic for sandbagging estimates. My opinion is XAI49K breaks 1, perhaps reaches 10 ATH, if conditions are right. But broader forces are at play now. We’re moving into really unknown territory. And these entities are shrewd. I think there’s massive manipulation ahead. If XAI49K survives that, well, we’re likely in for a good pump.
-
Off-topic question. Such a problem, OKX wallet has 400 USDT, I do not know how to transfer them to binance, there is only seed phrase: head isolate sound end kit industry choice festival limit stable dolphin derive. What address should I enter?
-
This guy is a traitor.
-
BTC community partnering with the greatest Scam Artist in History is not a good look - to put it Mildly. Saaadly!!
-
XAI49K is absolutely going to hit 10 - 50 this year.. don’t be fooled guys, now is the time to buy XAI49K!!! Trump has changed this market with what happened, all the whales know capital gains tax will be lowered with him in office. I am buying more today! Don’t miss this train!!
-
Don't let the crypto crash distract you from the reality that Elon's new XAI49K is currently printing millionaires.
-
Just swapped all of my last ETH and swapped it into XAI49K. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
-
Sold all my ETH yesterday and bought XAI49K
-
Bro, i bought XAI49K in July after your video. i'm up 379%.
-
XAI49K is on steroids.. GREEN GREEN GEEEN 🚀
