How Bitcoin will control the 2024 US presidential campaign

As the 2024 US presidential election approaches, cryptocurrency has emerged as a surprising but powerful topic.

The political discussion around cryptocurrency is intensifying. Candidates from various parties are considering the wider implications.

Why Politicians Are Trying to Lure Bitcoin Investors

Swan Bitcoin Chief Investment Officer Rafael Zaguri has noticed a significant shift in the way politicians discuss bitcoin, indicating a shift away from previous skepticism.

“Senators started talking about Bitcoin. Then many people were talking about him. And now we have Trump coming in, which for a lot of people, even some of us who have been in Bitcoin for a long time, was surprising to hear him talk about the good things he's done. “For people who are very upset about a lot of things that are happening in politics, this can be a huge turning point,” Zaguri said.

Read more: Who will have the most Bitcoins in 2024?

Recently, Donald Trump has shown strong support for the crypto industry, aiming to make the US a leader in Bitcoin mining. His campaign highlights the sector's role in strengthening the national energy network and economic dominance.

Trump's comments at a significant fundraising event, including the Winklevoss twins and Coinbase executives, raised $12 million for his campaign.

Meanwhile, Arch Invest CEO Cathy Wood supports Trump, citing his economic policies as critical to the US economy. At a conference, Wood cited economist Arthur Laffer and praised economic growth during Trump's first term. Her position reflects her top economic priorities in her voting decisions.

“As I told my kids…as I told them, look, I'm going to vote for the person who's going to do what's best for our economy. I'm picky when it comes to economics. And accordingly, Trump,” Wood told YouTuber Kevin Paffraz at the Las Vegas conference.

The integration of cryptocurrency into political campaigns shows its increasing importance and influence on economic and regulatory policies. As candidates capitalize on crypto's popularity and promise, they engage a voter base that sees technological innovation as critical to economic strategy.

Read more: Crypto Regulation: What are the Pros and Cons?

In this election cycle, the discussion on cryptocurrencies has gone beyond financial markets or technology. It also looks at how the US fares on the global economic stage. Conversations on the campaign trail show a significant shift in the perception of cryptocurrencies by politicians and voters alike.