The race for the presidency is heating up between the Democratic and Republican nominees, with Donald Trump currently leading in the polls. Despite Kamala Harris incorporating crypto into her campaign with the help of Mark Cuban, Trump’s odds of winning the presidency are on the rise.
However, Trump has not mentioned Bitcoin in his campaign events for a while. This presents an opportunity for Trump to appeal to the Bitcoin community by unveiling a plan to hold 20% of the Bitcoin supply, which amounts to about 4 million bitcoins. This move could be positioned as a strategy to reduce the national debt and showcase U.S. leadership in blockchain technology.
In contrast, Harris is unlikely to follow suit with a similar Bitcoin plan. Trump has previously shown an understanding of the potential benefits of Bitcoin at the nation-state level, including stabilizing energy supply and advocating for Bitcoin miners.
Despite not viewing crypto as a currency, Trump has accepted crypto donations for his campaign and has made promises to support the crypto community. By announcing a plan to acquire a significant amount of Bitcoin as part of his campaign strategy, Trump could generate further excitement and support among voters.
Additionally, Trump could guarantee the right to self-custody of Bitcoin and explore the possibility of creating a Bitcoin Standard akin to the gold standard. This could involve pegging the U.S. dollar to Bitcoin while still allowing for the creation of dollars.
As the election approaches, Trump has the opportunity to differentiate himself further by committing to holding 20% of the entire Bitcoin supply. This bold move could not only attract support from the Bitcoin community but also demonstrate a proactive approach to addressing national debt and embracing emerging technologies.
