Recently, Elon Musk who is a strong cryptocurrency investor has expressed his full support for the Donald Trump administration ahead of the upcoming Presidential election in November.
His support was after his manifesto which called for a 'pivot' on crypto and gave investors high hopes if he managed to manage the White House.
Previously, Donald Trump has stated that crypto-assets are a scam, not real money and a disaster for the position in the market world. Now, he became the first US Presidential candidate to accept crypto donations and promote the Bitcoin mining platform.
But, is Donald Trump's position on cryptocurrency really convincing or just 'guarding his heart'?
Many believe that the position of the US President's candidate is simply to gain support from crypto holders because it is an issue that is often raised in conversations about the economy of the United States and investors.
It is due to dissatisfaction with the position of the Biden administration that often rejects opportunities for crypto.
While Trump personally is seen as less committed to crypto, his group is still working to understand the value of crypto holders and carry that monetary policy into the next administration.
The campaign will attract a lot of support as a result of the public's doubts about Biden.