Donald Trump, ex-US president, husband of Melania, and hard polariser of public opinion has announced that he is having a third crack at the top job. But what does that mean for crypto?
The golden-haired businessman has put himself back in the game. Trump’s speech last Wednesday included promises to bring about America’s “comeback”.
For crypto enthusiasts, this news is a little disheartening, as Trump is a known critic of cryptocurrencies.
Before being famously kicked off Twitter, Trump did tweet his views on the microblogging site. While his Twitter account has since been deleted, his old tweets live on in internet vaults for us to refer to until the end of time.
The Don once tweeted, “I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behaviour, including drug trade and other illegal activity.”
Trump: Old man mentality
Trump is a man of his time, and he’s four spins of the earth around the sun from being 80 years old. The Boomer generation has been shown in multiple surveys to be the generation most suspicious of all things crypto.
However, many of us were suspicious of cryptocurrencies and NFTs at one point. That is, until we were evangelised into the crypto life. Trump may be reachable, and even ripe for conversion.
After Trump’s negative tweets about all things Web3, the crypto community responded hard and fast. While Trump’s tweets have been deleted, the responses still stand.
The replies to his initial thoughts on crypto are in an epic thread worth reading. In fact, set aside an hour or two in a nice shady spot with a cool drink. Get your butler to hold all phone calls. The thread features the Who’s Who from the crypto world, all trying to get the Boomer over the line on crypto.
US Dollar allegiance
Trump also showed his deep affection for the US Dollar in his heady days of tweeting without a ban.
“We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar!”
Again, this is another thread worth sinking deep into, so get two Redbulls and a beanbag – you must fall down his rabbit hole to feel cleansed in life.
Trump also has said, in an interview on Fox News, that he thinks that Bitcoin seems like a scam and that he doesn’t like that it competes against the dollar. “I want the dollar to be the currency of the world. That’s what I’ve always said.”
The Melania lifeline
Melania, being younger and way hotter than Trump, may indeed be the key to turning Trump around on crypto acceptance. It’s just like the way you have to speak to grandad at Xmas when he expresses Boomer doubtage – gently, with lots of extra gravy.
Melania herself is a liker of the space. She brought out her own NFTs and is still active in the community. Initially, she was accused of buying her own NFTs to boost her brand. Her reputation seems to have recovered from this early fiasco, and she has pushed on with her NFT interest. Mrs Trump also brought out an NFT series called The Official POTUS TRUMP NFT Collection.
In the past few days, Melania has released a new offering – a range of Christmas decorations that are real-life ornaments paired with an NFT. We gotta say, the Gold Christmas Star is something we would be dumb enough to buy.
While Trump’s announcement to run again for the Whitehouse was kind of lacklustre and passed the media by like a ship in the night, he could win again. Stranger things have happened.
Donald Trump has backflipped on many things over the past decade, including on issues of quarantine, Russian interference, election delays, and intelligence, among others. So if he wins, he may change his Boomer stance on crypto.
Our lifeline here to get him to backflip could be Melania. Let’s start sucking up to her before things get crazy.