The Real Reason Why Donald Trump Has Pivoted Towards Crypto
Portfolio Pulse from Ivan Crnogatić
Former President Donald Trump has shifted his stance on cryptocurrencies, aiming to use them as a wedge issue in the upcoming election. This pivot is intended to energize under-40 voters and secure donations. Trump's campaign has raised $3 million in crypto donations last quarter. His policies may favor a hands-off regulatory approach, contrasting with the Biden administration's crackdown.
July 16, 2024 | 6:06 pm
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Riot Platforms Inc. (NASDAQ:RIOT) could benefit from Trump's pro-crypto stance, including promoting Bitcoin mining and protecting self-custody of cryptocurrencies.
Trump's pro-crypto stance, including promoting Bitcoin mining and protecting self-custody of cryptocurrencies, aligns with Riot Platforms' business model. This could lead to favorable regulatory conditions and increased business opportunities for RIOT.
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