News - Donald Trump accepts Bitcoin for US election campaign

By Mike Hesp

Donald Trump accepts Bitcoin for US election campaign

Bitcoin (BTC)

Bitcoin and the rest of the crypto market are increasingly becoming a political issue in the American election campaign. While Democrats are slowing down the crypto sector, Donald Trump wants to support it.

Republican presidential candidate Donald Trump is now accepting cryptocurrencies to fund his election campaign. The former president announced this in a statement.

"Any cryptocurrency accepted through the Coinbase Commerce product" is allowed, the statement said.

It is the first time "a presidential candidate of a major party has used cryptocurrencies for donations," it continues. In the current election campaign, however, Vivek Ramaswamy and Robert F. Kennedy Jr. have already used Bitcoin-donations.

Just recently, Trump spoke out in favor of the adoption of Bitcoin and co. in the US. Thus, as the Republican candidate in the upcoming U.S. presidential election, Trump seems to be strategically positioning himself as "pro-crypto."

Trump has been skeptical during his time in office about Bitcoin and cryptocurrencies.

This is in contrast to his Democratic opponent Joe Biden. Under the incumbent president, Democrats have repeatedly launched attacks on the crypto sector.

According to Statista the sitting U.S. president is 1.1 percent behind former President Donald Trump in U.S. polls. In national polls, he gets an average of 46.7 percent of respondents, while Joe Biden gets about 45.6 percent of the vote.

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