A pro-Bitcoin Political Action Committee (PAC) called Bitcoin Voters PAC recently created a campaign ad for Republican Presidential Candidate Donald Trump. According to the PAC, this particular ad is currently running in Pennsylvania.
Donald Trump and The Fintech Promise
The ad touted Trump as a leader at the forefront of America’s technological revolution. The PAC believes that Bitcoin’s true potential will be harnessed under Trump’s leadership, with the promise of thousands of jobs being created. Ultimately, the PAC believes that the former president can position the US at the cutting edge of financial technology.
At the end of the video, viewers were advised to vote the 78-year-old politician for “American jobs, American innovation and a digital future where America leads.”
This ad underscores the growing support for the Republican Presidential Candidate as the date for the 2024 elections draws closer. His Polymarket odds of winning still remains higher than that of his opposition Kamala Harris.
Polymarket bettors are really putting their weight behind Trump. The current data from the betting platform shows that the pro-crypto politician is leading his DNC counterpart by 20%. Precisely, the winning odds for Kamala Harris is currently at 39.9% while Trump’s is at 59.9%.
This has been the trend for the past few months.
Trump and Kamala Harris Receives Crypto Leadership’s Backing
Many top cryptocurrency industry players including Tron Founder Justin Sun have shown support to Donald Trump. Many have donated their crypto holdings to support his cause.
As of October 16, the PAC supporting Trump’s presidential campaign had successfully raised approximately $7.5 million in crypto donations. The donations were made in different cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, and the U.S. dollar-pegged stablecoin USDC.
Tesla CEO Elon Musk also donated $75 million to the Trump Campaign. This is in addition to pushing forward efforts regarding the proposed Department of Government Efficiency (DOGE) and campaigning with Trump.
Kamala Harris has also had the backing of key crypto players. Ripple Labs Chairman Chris Larsen and Mark Cuban are behind her even amidst the criticism from the market. Recently Chris Larsen unveiled reasons for backing Harris in the upcoming presidential election.
He claimed to believe in her understanding of the innovation economy and her experience in California’s tech hub. Noteworthy, the Ripple co-founder has also given up to $1 million towards supporting Kamala Harris.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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