Pro-Bitcoin PAC Unveils Donald Trump Campaign Ad

Godfrey Benjamin
October 19, 2024
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Bitcoin Surges Past $107,000 After Trump Proposes US Strategic BTC Reserve

Highlights

  • A Pro-Bitcoin PAC has released a Donald Trump ad
  • The US Presidential elections is weeks away
  • Both Trump and Kamala Harris are getting support from crypto leaders

A pro-Bitcoin Political Action Committee (PAC) called Bitcoin Voters PAC recently created a campaign ad for Republican Presidential Candidate Donald Trump. According to the PAC, this particular ad is currently running in Pennsylvania.

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Donald Trump and The Fintech Promise

The ad touted Trump as a leader at the forefront of America’s technological revolution. The PAC believes that Bitcoin’s true potential will be harnessed under Trump’s leadership, with the promise of thousands of jobs being created. Ultimately, the PAC believes that the former president can position the US at the cutting edge of financial technology.

At the end of the video, viewers were advised to vote the 78-year-old politician for “American jobs, American innovation and a digital future where America leads.”

This ad underscores the growing support for the Republican Presidential Candidate as the date for the 2024 elections draws closer. His Polymarket odds of winning still remains higher than that of his opposition Kamala Harris.

Polymarket bettors are really putting their weight behind Trump. The current data from the betting platform shows that the pro-crypto politician is leading his DNC counterpart by 20%. Precisely, the winning odds for Kamala Harris is currently at 39.9% while Trump’s is at 59.9%.

This has been the trend for the past few months.

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Trump and Kamala Harris Receives Crypto Leadership’s Backing

Many top cryptocurrency industry players including Tron Founder Justin Sun have shown support to Donald Trump. Many have donated their crypto holdings to support his cause.

As of October 16, the PAC supporting Trump’s presidential campaign had successfully raised approximately $7.5 million in crypto donations. The donations were made in different cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), XRP, and the U.S. dollar-pegged stablecoin USDC.

Tesla CEO Elon Musk also donated $75 million to the Trump Campaign. This is in addition to pushing forward efforts regarding the proposed Department of Government Efficiency (DOGE) and campaigning with Trump.

Kamala Harris has also had the backing of key crypto players. Ripple Labs Chairman Chris Larsen and Mark Cuban are behind her even amidst the criticism from the market. Recently Chris Larsen unveiled reasons for backing Harris in the upcoming presidential election.

He claimed to believe in her understanding of the innovation economy and her experience in California’s tech hub. Noteworthy, the Ripple co-founder has also given up to $1 million towards supporting Kamala Harris.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.