The FBI conducted a raid on billionaire Donald Trump’s Florida residence earlier this week. Certain items discovered in the former president’s home raise the possibility that he may attempt to use digital assets for his comeback to politics if the federal authorities were primarily focusing on materials related to the American nuclear weapons. A return to the White House in 2024 based on the line of sight?
A 2024 application with DeFi funding?
The FBI’s search of the American billionaire’s “Winter White House” at the start of the week raised some eyebrows. Today, we can confirm that Trump is more connected to cryptocurrency than he would want to admit.
The businessman, who hopes to run for president in 2024, would do anything to finance a portion of his campaign using decentralized finance (DeFi). The aim? Leave as little traces as possible to secure sponsorship. Not sure if everyone will agree with this logic, especially given that the former president is still charged with funding his last campaign with money from Russia and the Middle East.
This tale resembles a French precedent in certain ways. Gaspard Koenig, the candidate, also intended to use the sale of an NFT collection to help finance a portion of his campaign.
Is Donald Trump a crypto enthusiast or skeptic?
The Republican president frequently poured his contempt on Bitcoin or the wider world of digital assets during his one and only term. The real estate billionaire even went so far as to brand the originator of cryptocurrency a hoax in June 2021, after he had left office as president. Later on, his girlfriend Melania Trump introduced her own line of NFTs. Her husband afterwards gave his blessing to the plan, so it is no longer a paradox.
But in addition to leveraging digital assets as a potential source of campaign funding, Trump might also be attempting to court crypto enthusiasts in the United States. And each day, their numbers grow. The most recent statistics generally indicate that 10% or so of Americans hold digital assets.
16% of investors have already purchased this kind of asset. About 25% of new investors invest in the bitcoin industry. Additionally, about 90% of Americans claim to be prepared to invest in Bitcoin and other digital assets in general. Trump presumably feels that things are changing.
Does Donald Trump possess Bitcoin?
However, the FBI’s inquiries also turned up evidence that the politician may have established a cryptocurrency donation system. a platform that would let him get cryptocurrency funding. No donor identity and no gift cap are two benefits of this arrangement for Trump. The second point in particular has the potential to offer Trump a clear advantage. Because contributions to presidential candidates are strictly regulated in the land of Uncle Sam and are limited to $2,700 per donor.
It is now difficult to confirm that Trump is taking the lead on such a move or that he is the owner of this purported portfolio. In actuality, it appears that the former president is more interested in using digital assets to get around some regulations. If Donald Trump attempts to retake the White House, all of these tales could change. But the former Republican president’s path appears to be paved with obstacles.
