Following Trump’s controversial tweet about bitcoin last week, one might have thought Trump’s combination of words against bitcoin and all cryptocurrencies in general stir many emotions. However, traveling back through history(from recent times though), many popular Americans have always been interested in the games(blockchain and cryptocurrencies). Some of these enthusiasts are now seen running for the President of the United States in 2020.
In the most “outrageous” comment ever recorded for bitcoin and cryptocurrencies, Trump took to Twitter to boldly denounce these set of assets while tagging them “unregulated…and based on thin air”.
The issue of regulation and ” thin-air” basics became more prominently discussed within the space but not as much as people now talk about the fact that bitcoin has gained vast popularity enough to draw the attention of the president of the United States. According to Brian Armstrong, CEO of Coinbase,
“Achievement unlocked! I dreamt about a sitting U.S. president needing to respond to growing cryptocurrency usage years ago,” Coinbase chief executive Brian Armstrong tweeted. “‘First they ignore you, then they laugh at you, then they fight you, then you win.’ We just made it to step three y’all.”
As the tension heightened, attention drew close to the United States 2020 Presidential election candidates and obviously, there were people whose opinions on bitcoin went South of Trump’s. At the time of writing this piece, one could conveniently assume that certain U.S. 2020 presidential election candidates were receiving donations towards the course in bitcoin and other major altcoins.
According to the report, Andrew Yang, a 2020 United States presidential candidate last year opened the doors for donations towards his presidential candidacy and included bitcoin and major altcoins like Ethereum as an optional donation method. Andrew Yang was always a big fan of bitcoin ever before Trump’s controversial comment. According to Yang,
“The blockchain has a wealth of potential. [It] could make many things more secure transparent and efficient.”
More testimonies keep rolling in at this point with more enthusiasts siding with the digital currency, bitcoin. Another 2020 U.S. presidential candidate, Tulsi Gabbard, invested in Ethereum and Litecoin in late 2017 when bitcoin rose from $1,000 to $20,000.
Ultimately, a side of the coin shows great potentials for bitcoin in the United States in years to come and possibly, an enthusiast might even be sitting in the White House at the time. They believe in the underlying technology of bitcoin and have a wide base of supporters rallying for the same purpose.
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I am a certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.
I worked with a media house, coinsauce where I researched and produced opinion and thought pieces on blockchain and cryptocurrencies. You can follow me on Twitter at @ShonubiDare or reach out to me at dare[at]coingape.com