If You Invested $1,000 In Bitcoin When Donald Trump Won 2024 Election, Here’s How Much You’ve Lost
President Donald Trump was once a cryptocurrency critic but had a change of heart ahead of Election Day 2024. Bitcoin (CRYPTO: BTC) and other digital assets enjoyed a massive surge in the weeks that followed.
A year and a half later, cryptocurrency is trading lower than it was when Trump won the 2024 election.
The Crypto President
In 2019, Trump spoke out about Bitcoin and cryptocurrency.
“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,” Trump tweeted on July 11, 2019.
But a reversal of love for cryptocurrency saw Trump gain support from single-issue voters, who saw supporting a pro-crypto president as a key political move.
“If you like crypto in any form … if you’re in favor of crypto, you’d better vote for Trump,” Trump said to a crowd on May 8, 2024.
Trump praised Bitcoin throughout 2024 and even served as a keynote speaker at the Bitcoin 2024 Conference in July of that year. His campaign was also the first to accept cryptocurrency for donations.
Trump’s victory ultimately helped Bitcoin soar in value; it hit a high of …
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