Donald Trump has increasingly embraced Bitcoin and cryptocurrencies during his 2024 presidential campaign. Recently, when asked about the future of cryptocurrencies, Trump responded that he believes “cryptocurrencies have a great future” and floated the idea of using them to pay off the $35 trillion US national debt.
BREAKING: 🇺🇸 Donald Trump says, “I think cryptocurrencies have a great future. We could probably pay off $35 trillion” with them. pic.twitter.com/R5k4FU3Nah
— Bitcoin Magazine (@BitcoinMagazine) September 23, 2024
Trump has spoken positively about Bitcoin on numerous occasions. Most recently, he became the first US president to transact using Bitcoin when he bought a cheeseburger with Bitcoin at the Bitcoin-friendly PubKey bar in New York.
The former president said at a recent event that cryptocurrencies “have a great future” and raised the possibility of using Bitcoin and cryptocurrencies to pay off the country’s $35 trillion debt obligations.
This is in line with Trump’s previous positive statements about Bitcoin and cryptocurrencies, as he seeks to appeal to the growing Bitcoin and cryptocurrency voter base. He has promised to make the United States the “crypto capital of the world” if he is re-elected.
Meanwhile, his rival Kamala Harris made her first pledge on cryptocurrencies at a fundraising event in New York, saying her administration would “promote innovative technologies like artificial intelligence and digital assets, while protecting consumers and investors.”
While Harris did not explicitly mention Bitcoin or cryptocurrencies, the comment suggests a positive stance as she competes for pro-crypto voters, contrasting with her previous silence on the issue.
With prominent presidential candidates now openly discussing Bitcoin and cryptocurrency policies, it appears that Bitcoin and cryptocurrencies are entering the political mainstream.
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