Ex-PayPal Exec David Marcus Pledges Support To Donald Trump

The pivot of Donald Trump to cryptocurrency has immensely paid off during this period of his campaign for re-election as the United States President. Precisely, the 78-year-old politician has gained support from some of the key players in the digital asset sector as well as the traditional finance landscape.

US Needs Pro-crypto Donald Trump

One of the latest figures to extend support to Trump is Paypal’s former President David Marcus. On the flip side, the ex-Paypal executive is a Democrat. He announced his stance on X on Wednesday, citing that he is “crossing the Rubicon” to support the Republican party and its candidate Trump.

“Many — including a former version of myself — get trapped in a mental framework that becomes their identity and prevents them from radically evolving their thinking with new facts and information. I finally broke free from it,” Marcus wrote on X.

🚨NEW: Another former @PayPal person, @davidmarcus, a Democrat, comes out in support of @realDonaldTrump.

Earlier this month I wrote about how PayPal co-founder @peterthiel has yet to publicly support Trump despite his protege Vance being on the ticket.

Will Thiel come around? https://t.co/EmYdGhd22z

— Eleanor Terrett (@EleanorTerrett) July 31, 2024

In his opinion, what the US needs is a president who is unequivocally pro: America, the Constitution, business, Bitcoin/crypto, innovation and so many other things. This candidate should also remain anti: regulatory proliferation, illegal immigration, unjust wars. Former President Trump fits the description perfectly, hence his support to him.

Meanwhile, PayPal co-founder Peter Thiel is yet to publicly endorse Trump and several trend observers find this surprising.

Their astonishment stems from the fact that JD Vance, the American senator who is a protégé of Thiel, is billed to become Trump’s vice-president. One would expect that their past relationship will influence his support for the Republican party. However, this is not the case, at least not yet.

Game of Thrones: Trump or Kamala

So far, Donald Trump has received support from several tech behemoths but a significant portion of his donations are from crypto top shots. His donations from the recently held Bitcoin Conference allegedly topped $25 million.

Even American businessman Gary Cardone revealed that he donated 12.8 Bitcoin to Trump’s Presidential Campaign ahead of the US elections. The target is still to raise $100 million by November when the election will happen.

For now, it is getting more heated between Trump and Vice President Kamala Harris, who President Joe Biden nominated a few weeks back. On Tuesday, Harris announced staggering $50 million advertising push ahead of the Democratic National Convention (DNC).

This marked the first significant ad campaign since Harris emerged as the likely Democratic nominee for the 2024 presidential election.

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