Donald Trump has once again garnered attention from people, especially that of the crypto community. According to bets made on the speculation application Polymarket, Donald Trump has bagged nearly 60% of votes from supporters.
This extended support is way higher than the previous support of over 51% for Donald Trump, while the percentage of those who supported Kamala Harris fell from 48% to 40%.
It’s interesting to note that a sizable portion of cryptocurrency supporters appear to be supporting Donald Trump in the hopes of improving Bitcoin adoption and a market rebound.
Why Are Crypto Voters Important This Election?
As of right now, Forbes estimates that one in five Americans hold digital assets. 52 million people, to be exact. Having a great deal of influence, these individuals also frequently reside in important swing states.
The crypto community is involved to have a major impact on the outcome of the US presidential election. It follows that any administration wishing to win an election would probably need to win over Bitcoin enthusiasts.
However, the Democrats’ persistent dislike of virtual assets has left many with a bad taste in their mouths. Joe Biden had already signed an executive order mandating that the government look into the benefits and drawbacks of cryptocurrency.
The industry for cryptocurrencies was uneasy about the long-awaited order, partly due to growing regulatory apprehensions regarding the developing global digital asset market.
Is Trump In Support Of The Crypto World?
Donald Trump’s presidential campaign has garnered a lot of attention from people all across America. It seems like the crypto community hopes for better market acceptance and reach if Trump wins a second Presidential tenure.
Recently, Donald Trump put up a daring plan to reduce the nation’s ballooning $35 trillion debt. During an interview with Maria Bartiromo of Fox News, Trump proposed paying down the debt with Bitcoin or a “crypto check” in order to avert an impending financial crisis.
The plan demonstrates Trump’s rekindled interest in digital assets and his conviction that US innovation in the cryptocurrency market is essential to the country’s ability to compete.
Additionally, the Bitcoin sector saw an opportunity to become more widespread than ever when Trump declared he would ensure the government never sold its Bitcoin assets if he were elected again. The US government has, according to Donald Trump, been breaking the golden rule—never sell your Bitcoin—for far too long. Speaking further, Trump had stated that he wanted Bitcoin to be created, mined, and manufactured in the United States.