7h00 ▪
3
min reading ▪ by
Micaiah A.
Things have been good for Donald Trump in the crypto community. By using bitcoin donations, the former president has a better chance of winning back the Oval Office. Cryptophiles see him as a champion of mass adoption of crypto. This clever strategy could well transform the landscape of political campaigns in the United States.
Donald Trump and crypto donations: A winning alliance?
Donald Trump’s tireless effort to seduce cryptophiles is bearing fruit, notably thanks to cryptocurrency donations.
According to blockchain analytics firm Breadcrumbs, on-chain crypto donations to the Trump campaign amount to environ 60 000 dollars. This amount, collected from 218 donors, seems modest. However, the donations via centralized crypto exchanges, like Coinbaseexperience a significant increase.
James Delmore, analyst at Breadcrumbs, explains:
« On-chain donations are not easy to make, hence the influx of funds through centralized exchanges ».
The complexity of on-chain transactions might deter some donors, but it hasn’t dampened Trump’s campaign momentum.
Large donations, such as $2 million in bitcoin (BTC) donated by the Winklevoss twinsillustrate this trend well.
Cryptos sent via Ethereum, Base and Polygon (totaling around $59,000) represent a fraction of the $260 million in funds raisedbut mark a symbolic turning point towards the mass adoption of cryptos.
The impact of cryptos on the Trump campaign
The announcement last May by Donald Trump’s campaign ofaccept donations in cryptocurrencies aroused real enthusiasm. Positioned as a fervent defender of cryptosTrump has attracted the attention of fans of bitcoin and other digital assets.
While the US regulatory landscape remains uncertain with several lawsuits against cryptocurrency companies, Trump stands out for his pro-crypto posture.
The months leading up to the election saw attempts in Congress to pass laws favorable to cryptocurrencies. This dynamic could work in the former president’s favor, with donors hoping for clearer, crypto industry-friendly policies.
By integrating cryptocurrency donations into his strategy, Trump shows that he is ready to innovate and embrace new financial technologies. This approach could well give him a decisive advantage in the race for the presidency.
With support for cryptocurrencies growing, Trump’s election may well encourage more Americans to enter the crypto industry. Is the bitcoin rush upon us?
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Micaiah A.
The blockchain and crypto revolution is underway! And the day when the impacts will be felt on the most vulnerable economy in this world, against all hope, I will say that I had something to do with it
