Silicon Valley and Crypto CEOs chose Bitcoin Hodler JD Vance as Vice-President

Ever more details are emerging about Donald Trump’s choice of Senator JD Vance as his running mate. Apparently, the dinner with several CEOs from Silicon Valley and the crypto world which we reported on about a month ago, seems to be the origin of his choice. The usually well-informed New York Times confirmed such this week.

JUST IN: 🇺🇸 Donald Trump’s Vice President JD Vance previously disclosed #Bitcoin holdings up to $250,000. pic.twitter.com/H0ChZLgSkz

— Watcher.Guru (@WatcherGuru) July 15, 2024

Just like in 2020, American crypto companies appear to be donating a lot of money to the election candidates, hoping for a more positive political climate in the world’s largest economy.

Crypto President

In early June, Donald Trump went on a fundraising tour in California. That was very remarkable as that state traditionally votes Democratic.

There he met several CEOs from both the tech world of Silicon Valley and the crypto world of Los Angeles. During a dinner in San Francisco, Trump declared that he would become the first ‘crypto president’. Bitcoin briefly did very well thanks to that statement.

Sacks

Back then, well-known investor David Sacks stated that the crypto and tech industry prefer Trump over Biden, even though San Francisco is mostly Democratic-leaning.

Almost six weeks later, it now appears that Sacks, together with several crypto CEOs who were present, advised Trump that evening to choose JD Vance as his Vice President candidate. That information was published in the New York Times this week.

Vance is a Bitcoin Hodler and announced in 2022 already that he owns around $250,000 worth of digital coins.

JD Vance, Trump’s pick for vice president, owns $100k-$250k of #Bitcoin (disclosed in 2022). He has also pushed for crypto-friendly regulation. In addition, he owns an ENS domain (jdvance.eth) where he holds $ETH, $ENS, and more. He also owns a ton of NFTs. 🤔👀 pic.twitter.com/DphVU8atm0

— Neil Shahani (@neil_shahani) July 16, 2024

Meanwhile, US crypto companies such as Coinbase, Gemini and Bitcoin fans such as Elon Musk are promising to donate ever larger amounts of money to Trump’s campaign.

In 2020, it was mainly Sam Bankman-Fried, or SBF, of the then very large crypto platform FTX, who made donations to American political parties during the presidential elections. By now, SBF has been convicted of fraud and is serving a 25-year prison sentence.