Trump’s Bitcoin play – Will his ‘Made in the USA’ crypto-play work out?

• Trump appealed to crypto supporters with pro-Bitcoin statements and NFT releases.
• Polymarket showed that Trump leads with 62.1% support amid rising crypto interest among voters.

With only four days until the U.S. presidential election, former President Donald Trump has left no stone unturned.

Although Trump has previously criticized cryptocurrency, calling Bitcoin [BTC] “not money” and “highly volatile,” he hasn’t shunned digital assets. 

His interest in NFTs has been clear since launching his first digital collectibles’ series in December 2022. This revealed his unique enthusiasm for this emerging asset category.

Trump’s Bitcoin move

 In a recent X (formerly Twitter) post, Trump won over crypto voters by marking Bitcoin’s white paper anniversary, and stated, 

“I would like to wish our great Bitcoiners a Happy 16th Anniversary of Satoshi’s White Paper.” 

As expected, he didn’t stop there—and also took a jab at Vice President Kamala Harris, adding,

“We will end Kamala’s war on crypto, & Bitcoin will be MADE IN THE USA! VOTE TRUMP!”

Remarking on Trump’s comments, Erik Voorhees CEO of ShapeShift said, 

Source: Erik Voorhees/X

However, not everyone felt the same. 

Many praised Trump for his post and his proactive stance on Bitcoin.

For instance, trader and investor Jason Pizzino commented, 

“0% tax on Bitcoin and 0% double tax – Let’s go Trump.” 

Adding to the fray was another X user who noted, 

Source: Marshall Long/X

Polymarket and crypto trend

Polymarket confirmed 62.1% support for the Republican candidate, leaving Harris at 37.9%.

This momentum coincided with Bitcoin slipping to $69,544.97, at press time, after peaking at $73,569—just $168 short of its March all-time high of $73,737.

Despite Bitcoin’s RSI still reflecting bullish tendencies above neutral, the downward movement hints at possible upcoming bearish pressure.

Source: Trading View

The role of crypto in the election cycle

In the 2024 election cycle, cryptocurrency emerged as a significant issue among voters, according to a Consensys and HarrisX study.

Surveying over 1,600 registered voters across the U.S., the study found nearly half consider a pro-crypto stance influential in their voting decisions.

Among crypto owners, this interest was stronger, with 92% planning to vote and 85% prioritizing crypto as a key issue.

As a result, cryptocurrency could play a crucial role in shaping the choices of many voters in this election.

Trump attracts crypto voters, while Harris falls short

Seeing this, Trump has actively engaged with crypto supporters, positioning himself as a pro-Bitcoin candidate. 

He attended the Bitcoin Conference 2024 despite security threats. He launched Bitcoin-themed sneakers and released a fourth series of NFT trading cards. Furthermore, he also launched the World Liberty Financial. 

Backed by influential figures like Elon Musk and Michael Saylor, Trump’s engagement contrasts with Harris’s limited outreach.

Harris’s efforts include her “Crypto for Harris” campaign and a pro-blockchain speech at The Economic Club of Pittsburgh. 

With only days remaining, it will be intriguing to see if Trump’s crypto-focused strategy pays off in the final vote.