Trump says he’ll be the ‘Crypto President’ as a major business bank predicts $150k Bitcoin if he wins election

Republican presidential candidate Donald Trump has been fundraising in California, normally a Democratic bastion, in recent days, He vowed to become a “Crypto President” if elected in November. The quote made the front pages of most American business sites.

🚨 JUST IN: 🇺🇸 Donald Trump States He Is The First “Crypto President” at San Francisco Tech Fundraiser !! 💥🚀

Crypto Is Here To Stay In The USA !! 🇺🇸 pic.twitter.com/Y0nKnmPYmd

— Good Morning Crypto (@AbsGMCrypto) June 7, 2024

Democratic California

During this year’s November presidential election in the United States, you can count on California to vote for the Democratic presidential candidate. It is therefore all the more remarkable that several tech companies and CEOs in San Francisco invited Donald Trump to speak this week. Crypto was discussed several times as Fox News, Reuters and the Financial Times reported.

JUST IN: 🇺🇸 Donald Trump calls himself a “crypto president” at San Francisco tech fundraiser. pic.twitter.com/hzHTyMcl4r

— Watcher.Guru (@WatcherGuru) June 7, 2024

Well-known venture capitalist David Sacks stated that the crypto and tech industry favors Trump over Biden, even though San Francisco is mostly Democratic-leaning.

Appearing on Fox News, Sacks said: “Now, in terms of what the industry cares about, the industry wants to be able to innovate, and the Biden administration has been very hostile toward innovation. It’s been extremely hostile toward the crypto industry, it’s already trying to overregulate AI”.

The management of Coinbase, the largest crypto platform in the United States, and the Winklevoss twins, founders of the Gemini platform, were also present at the event.

Pepe and Trump

Meanwhile, the favorite digital coins of Donald Trump’s supporters are not doing too well this week. PEPE, the memecoin that uses an image seen in the US as a sign of the MAGA movement, has noticed a sharp drop in the last few days. TRUMP (MAGA) also moved lower these past few days.

Both smaller coins are still up several hundred percent since the start of the year though.

Lastly, British investment bank Standard Chartered predicts that Bitcoin will rise to $150k if Trump wins the elections in November.

“As we approach the U.S. election I expect $100,000 to be reached and then $150,000 by year-end in the case of a Trump victory,” said Geoff Kendrick, head of digital assets research at Standard Chartered.

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