The Journal. Inside the Trump Crypto Bromance
Sep 25, 2024
Vicky Huang, a WSJ reporter, sheds light on Donald Trump's surprising pivot to championing cryptocurrency, positioning himself as the 'crypto president' ahead of the 2024 election. She discusses his unique visit to a Bitcoin-themed bar, where he made headlines with a Bitcoin payment. The conversation explores Trump's shift from skepticism to being a key ally for the crypto industry, focusing on his ambitions to energize the sector at major conferences. Huang highlights the implications of this unlikely alliance for both Trump's campaign and the future of crypto regulation in the U.S.
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Trump's Bitcoin Purchase
- Trump visited PubKey, a Bitcoin-themed bar, and bought drinks.
- He paid with Bitcoin, marking a president's first Bitcoin transaction.
Trump's Evolving Stance
- Trump previously criticized Bitcoin as a scam and a threat to the dollar.
- His views shifted after launching his NFT collection in 2022.
NFTs and Crypto Awareness
- Trump's NFT collection, featuring superhero depictions, sold out quickly.
- Many buyers used crypto, raising his awareness of its potential.