- Trump's crypto holdings reflected his profound beliefs in the sector
- At the time of writing, the former president's polymarket odds were over 60% likely to win.
Donald Trump has been pretty vocal about his support for digital currencies lately, but how much of a supporter does he really support them?
Well, according to the latest information dataset The former president of Arkham Intelligence is very cooperative after all. In fact, on October 18th, His cryptocurrency holdings were valued at over $7.89 million.
Source: Arkham Intelligence
Interestingly, more than 65% of his current crypto portfolio consists of meme coins. Tokens inspired by playing cards It accounts for the majority of his assets.
His largest assets include: Maga (Trump) Token – valued at $3.15 million.
Is Trump interested in cryptocurrencies?
Although his portfolio reflected confidence, the Republican candidate wasn't always a fan of cryptocurrencies. And yethis position Since then, his election policies are considered to have changed considerably. advantageous For the crypto sector.
In May, Trump became the first major party presidential candidate to accept cryptocurrency donations. moreovera political action committee (PAC) supporting former US President Donald Trump's presidential campaign, has raised $7.5 million in crypto donations.
According to filing The Federal Election Commission announced on October 15 that the PAC received donations in BTC, Ether, XRP, and stablecoins such as Tether and USD coin between July and September.
How will cryptocurrencies affect elections?
The Digital Chamber's National Cryptocurrency Voting Block Survey found that one in seven potential voters, or approximately 16% (26 million people), believe that cryptocurrencies are an important issue. It turned out that there was. They are more likely to support pro-crypto candidates.
Additionally, approximately 40% of Black voters said cryptocurrencies were an important factor in determining their 2024 election choice.
Supporters of Trump and Vice President Kamala Harris believe each candidate is more supportive of cryptocurrencies than their opponent.
The study also suggested that supporting the cryptocurrency industry should be at least a moderate priority for the president and the U.S. Congress.
Interestingly, those who are most familiar with cryptocurrencies have a more positive view. Americans who are more knowledgeable about cryptocurrencies also tend to trust their government more.
Trump vs. Harris: Who's in the Lead?
Meanwhile, his pro-cryptocurrency stance is certainly helping Trump's prospects in this election. With 18 days left, the former president leads by about 22 points.
According to 2024 Election prediction In the polymarket, Trump has a 60.7% chance of winning, while Harris has a 38.9% chance of losing.
Only time will tell how the future of the US and cryptocurrencies will unfold as the clock ticks.
Source: Polymarket
