Some crypto enthusiasts are now all in on Donald Trump, believing he will be a major boon for the industry if elected.
hen the pandemic hit in 2020, the DJ and personal trainer Jonnie King stopped getting booked for gigs and workout sessions. So he turned to trading crypto, which was rapidly increasing in value at the time. “I was like, ‘Oh my god, there’s hope for me. I can make money while stuck at home,’” he says.
“I can probably say it’s a single vote issue for me, because that’s my livelihood,” King tells TIME. “Crypto is how I save my wealth, and if are trying to attack that, that's literally taking my money away from me. How am I supposed to support my family?” from within the cryptocurrency community supporting Trump with open arms. For years, both during his presidency and after, Trump expressed distrust in crypto. In 2021 he went as far as to say that Bitcoin.
Moe Vela, a former advisor to Biden and a senior advisor to the cryptocurrency project Unicoin, is skeptical of Trump’s intentions. “It was not long ago that he was bashing crypto,” he says. “The crypto community tends to be a bit inexperienced when it comes to legislation, policy and politics—and I encourage them to not fall prey to the pandering.”
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