Cryptocurrencies

    Crypto and TradFi startups favor Trump as ally for innovation

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    Bitfinex analysts see Donald Trump as a pro-innovation candidate due to his recent support for Bitcoin (CRYPTO:BTC) and cryptocurrencies.

    Despite the lack of discussion on crypto during the presidential debate, experts believe Trump's re-election could lead to favorable regulatory conditions for the industry.

    Industry leaders like the Winklevoss twins and Kraken founder Jesse Powell have donated substantial amounts to Trump's campaign.

    Trump's shift from a critical stance to endorsing Bitcoin and accepting crypto donations highlights his evolving views.

    Analysts suggest that crypto might become the main 'Trump Trade' in the election cycle as Republicans increasingly support pro-crypto policies.

    The Republican strategy includes attracting voters and securing funding from super PACs backing pro-crypto politicians.

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