Bitcoin maxis and retail plebs alike are rubbing their hands as the Orange Man himself drops some wild bullish vibes into the cryptoverse. Former POTUS Donald Trump, once a certified crypto skeptic, just flipped the script. On Oct. 15, he hit X (RIP Twitter) declaring, “Crypto is the future,” and calling it “an incredible technology.” Guess the times change when there’s political clout up for grabs, huh?
From Bearish Rants to Bag-Holder Status
Now, before you dust off your hardware wallet, remember the dude used to roast Bitcoin like a barbeque. Back in 2019, Trump was out here calling Bitcoin a “scam,” full of that sweet “thin air” value. And let’s not forget the 2021 takedown where he doubled down on Fox Business, ranting about how Bitcoin was basically trying to outcompete the almighty dollar.
But that’s ancient history. Fast forward to 2022 and—wait for it—the man’s rocking a superhero-themed NFT drop, pocketing $8.9 million like it’s Monopoly money. Apparently, non-fungible Trump cards are what the market needed to kickstart his crypto journey. By 2024, blockchain sleuths whispered that his crypto bags were getting thick, with on-chain reports claiming his stash hit $10 million in mid-year.
Winklevii All In, And So Is Trump’s Appetite for Sats
If that wasn’t spicy enough, let’s talk Gemini bros. The Winklevoss twins didn’t just tweet their support; they pumped $2 million into Trump’s reelection game in June 2024. That’s like DeFi-level APY on influence. Institutional backing? Check. Big-money interests in Bitcoin’s next moon mission? Double check.
But hold your horses, because Trump didn’t stop there. In a move nobody saw coming, he became the first-ever U.S. prez to use Bitcoin for a real-life transaction in September 2024. The man bought burgers in NYC with straight-up sats. Like, seriously—presidential beef, paid in Bitcoin. If you were waiting for a sign, this is it.
Now, analysts at Standard Chartered are whispering that, should Trump win the White House again in 2024, Bitcoin could skyrocket to $125K by year’s end. With institutional money pouring in and Trump turning into a walking Bitcoin billboard, it’s anyone’s guess where we’ll land when election night hits.
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