Donald Trump
Crypto Insiders Hope for Possible Mention in Biden-Trump Debate
Published
7 days agoon
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The form letter from Stand With Crypto concludes: “Giving the major presidential candidates a chance to weigh in on this transformational technology in the first debate would go a long way towards educating the electorate and helping American crypto owners cast an informed ballot.”
Biden’s record on digital assets is familiar to the industry, which need only review his executive orders, White House statements and the actions of the U.S. regulators he appointed, including at the U.S. Securities and Exchange Commission. Trump’s administration didn’t make significant moves in crypto, and his past position of skepticism has only recently turned toward glowing support of the technology.
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24/7 Cryptocurrency News
Mark Cuban and ChatGPT Predicts Best Pick
Published
2 days agoon
July 1, 2024By
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American businessman Mark Cuban decided to get the opinion of ChatGPT on the recent Presidential debate between President Joe Biden and Donald Trump. The opinion of the Artificial Intelligence (AI) features only their responses.
ChatGPT Spots Joe Biden’s Empathy
According to Cuban, he pasted a transcript of the debate on the OpenAI chatbot, asking who is best fitted to receive a job.
The result provided by ChatGPT was based on a few metrics including communication skills, clarity, problem-solving abilities, and overall professionalism. On this basis and from a hiring perspective, an analysis was provided.
For Biden, ChatGPT noted that he has extensive experience in public service which must have translated into a deep understanding of governmental processes. Also, the current President of the United States was identified as one with empathy and social awareness. In the AI tool’s opinion, such attributes suggest that he is concerned about community impact.
I cut and paste a transcript of the debate into ChatGPT and asked it who it would hire for a job
Based on the debate transcript, evaluating Joe Biden and Donald Trump for a hypothetical employment scenario involves assessing their communication skills, clarity,…
— Mark Cuban (@mcuban) June 30, 2024
On the flip side, the ChatGPT result says Biden’s response during the debate was rather unclear and fragmented. Unfortunately, this raises concerns about his ability to communicate effectively, particularly in a professional setting.
His responses were also found to lack focus and consistency as he meandered off-topic at some point.
The Donald Trump Assertiveness
Per the analysis, Donald Trump appeared assertive and confident in his communication. This reflects good leadership qualities that give a person strong command. ChatGPT highlighted that Trump emphasized economic achievements and tax policies in his responses during the debate. This suggests that he has business acumen and is focused on economic performance.
However, Trump exaggerated several points while trying to make his argument, per ChatGPT’s result. This gives him off as a person who may not be reliable or accurate in communication. In addition, it was discovered that he avoided providing specific information, plans, or solutions to most of the questions posed to him. This is perceived as a shortcoming on his part.
Based on both attributes, ChatGPT decided that Biden is more suited for roles that involve empathy, experience, and social awareness. Trump, on the other hand, may have to stick with jobs requiring assertiveness, confidence, and a focus on economic performance.
Beyond these factors, the coming election is considered one that might be decided by crypto alignment. Some key proponents of Web3.0 believe that Trump will be a better choice than Biden, especially for the sake of the betterment of the crypto industry.
Read More: Vitalik Buterin Shares Big Take On US Crypto Regulation Flaws
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 Twitter, Linkedin
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Donald Trump
Biden odds of presidential race exit hovers 35%: Polymarket
Published
3 days agoon
June 30, 2024By
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The likelihood of President Joe Biden withdrawing from the upcoming U.S. presidential election has reached 35%, according to decentralized prediction market platform Polymarket.
After Biden’s lackluster debate performance against former President Donald Trump on Thursday, July 27, there has been a notable surge in activity on the Polymarket prediction platform.
Gamblers are particularly keen on whether Biden will drop out of the presidential race, wagering more than $7.1 million on “yes.”
The debate, which the BBC critiqued for being dull and unclear, has intensified doubts about Biden’s ability to serve another term, casting his performance as a liability within the Democratic Party. Much of the Commander-in-Chief’s performance was shaky, and some of his responses were deemed “nonsensical.”
Throughout the 90-minute debate, Biden often appeared on the defensive, struggling to counter Trump’s false claims and complete sentences.
The New York Times editorial board called Biden an “admirable president” under which the nation “prospered“.
“But the greatest public service Mr. Biden can now perform is to announce that he will not continue to run for re-election,” the publication stated.
Biden also acknowledged his age-related limitations and raspy voice but emphasized his commitment to truth and integrity. However, the damage was done, as the debate revealed his difficulties communicating with the public and outlining a clear vision for a second term.
The next U.S. presidential election is slated for Nov. 5, and its outcome could profoundly affect the nation’s trajectory.
Jeo Boden (BODEN) token faces a significant decline
The Jeo Boden (BODEN) meme token, named after Biden, saw significant negative price volatility during the debate, dropping over 53% and falling from 17 cents to 8 cents, before partially recovering to 9 cents.
Presently, BODEN is trading at 5 cents, marking a 29.7% decline in the past 24 hours.
This steep drop in BODEN’s price highlights how political meme coins are sensitive to public perception and events involving the candidates.
Although neither Biden nor Trump discussed cryptocurrency during the debate, the market reacted to their performance and perceived strengths.
Over the past seven days, BODEN has underperformed compared to other assets in the cryptocurrency market, with a decline of 50.9%. In contrast, the global crypto market dropped by 3.60%, while similar meme cryptocurrencies saw a 4.20% increase, according to data available on CoinGecko.
Despite BODEN’s decline, Bitcoin (BTC) rose 1.1% during the 90-minute debate. The Bitcoin (BTC) price hovers around the $60,864 price region at press time.
The BODEN coin is not affiliated with Biden or the White House.
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crypto regulation
Can Trump’s return to power and pro-crypto policies spark a historic bull run?
Published
4 days agoon
June 29, 2024By
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Could the increasing support for Trump within the crypto community and his pro-crypto policies lead to a historic bull run if he wins the 2024 election?
The current political climate in the U.S. is charged with uncertainty. Voters are deeply divided, and the economic challenges facing the nation are substantial.
As President Joe Biden and former President Donald Trump prepare for the upcoming 2024 U.S. Presidential election face-off, the stakes are high, not just politically, but economically and technologically.
The U.S. is grappling with persistent inflation, de-dollarization risks, geopolitical tensions, and a polarized political environment. Amid this uncertainty, the role of crypto assets has emerged as a key issue for voters.
According to a recent survey by Grayscale, nearly half of the voters now expect to include crypto in their investment portfolios. This growing interest is particularly pronounced among younger voters, with 62% of Gen Z and Millennials seeing crypto as the future of finance.
Recent developments suggest that crypto tides seem to be shifting towards Trump. What are those reasons, and could his revival herald a long-awaited bull run in the crypto market?
Changing stances and political wars
As the election draws near, both Biden and Trump offer starkly different visions for the country’s future, each with distinct implications for the economy and, by extension, the crypto market.
Former President Donald Trump, once a vocal critic of cryptocurrencies, has made a surprising pivot. Previously describing Bitcoin (BTC) as a “scam” and cryptocurrencies as a “disaster waiting to happen,” Trump has now embraced the digital asset industry.
He recently proclaimed on social media that he is “very positive and open-minded to crypto companies and all things related to this new and burgeoning industry.”
Trump’s new stance is a marked departure from his earlier views and suggests a strategic move to align with the growing pro-crypto sentiment among voters.
In contrast, President Joe Biden’s administration has maintained a more skeptical stance towards crypto. Biden recently vetoed a resolution that had passed through both the House and Senate, which was widely supported by the crypto industry.
The resolution aimed to repeal an SEC decision that would have imposed stricter regulations on financial institutions holding crypto assets.
Biden argued that the resolution would undermine the SEC’s ability to set necessary guardrails for the industry, stressing on the need to protect consumers and investors.
The rise of pro-crypto sentiment and Trump’s influence
As the 2024 U.S. Presidential election approaches, Trump’s backing from crypto billionaires and social media influencers is becoming increasingly apparent.
Tyler and Cameron Winklevoss, well-known figures in the crypto world, have openly declared their support for Donald Trump. Tyler Winklevoss tweeted about donating $1 million in Bitcoin to Trump’s campaign, citing the Biden administration’s “war against crypto” as a key reason.
I just donated $1 million in bitcoin (15.47 BTC) to @realDonaldTrump and will be voting for him in November. Here’s why:
Over the past few years, the Biden Administration has openly declared war against crypto. It has weaponized multiple government agencies to bully, harass, and… pic.twitter.com/qOQSpmanBR
— Tyler Winklevoss (@tyler) June 20, 2024
His brother, Cameron, echoed this sentiment, advocating for Trump’s pro-Bitcoin, pro-crypto, and pro-business stance.
Meanwhile, social media influencers like Wendy O have also voiced their support for Trump. She pointed out the regulatory uncertainty and stressed how crucial this election is for the future of the industry.
Trump supports the future of BITCOIN and CRYPTO
I also do not believe he launched the meme coin that’s all over the feed based on various factors covered earlier
We are in a time of regulatory uncertainty where our livelihood depends on this election…pic.twitter.com/kKLr6io9V3
— Wendy O (@CryptoWendyO) June 18, 2024
Trump has cleverly integrated cryptocurrency into his campaign. He is reportedly in talks to speak at the Bitcoin 2024 convention, the largest BTC event of the year, scheduled for July 25-27 in Nashville, Tennessee.
This event, following the Republican National Convention, could provide Trump with a huge platform to solidify his pro-crypto stance.
Earlier this month, Trump also met with leading Bitcoin miners in the U.S., advocating for all remaining BTC to be mined domestically.
Moreover, during a recent rally, he promised to end Joe Biden’s “war on crypto” and ensure that the future of Bitcoin and crypto would be shaped in America.
Trump’s pro-crypto stance has already resulted in substantial on-chain donations. Before the Winklevoss brothers’ contributions, Trump’s campaign had received roughly $60,000 in on-chain crypto donations.
With the recent influx, total on-chain donations now stand at around $1.75 million. This figure is expected to rise as more contributions made via exchanges are accounted for.
The growing support for Trump within the crypto community is also reflected in prediction markets.
Platforms like Polymarket show Trump leading with 60% odds compared to Biden’s 34%, with bets amounting to around $185 million, indicating a strong belief among bettors that Trump’s pro-crypto policies will resonate with voters.
As the political climate heats up, the crypto market is seeing a surge in a new category: Politifi. This sector, which combines politics and finance, has quickly amassed over $1.25 billion in market cap as of June 27.
The majority of this market cap is dominated by Trump-related meme coins, reflecting the influence of the former president on the crypto community.
The most trending of all Trump-related meme coins is MAGA (TRUMP), which has seen a staggering rise of over 540 times since its inception in September 2023. As of June 29, it is trading at around $7,35.
Another coin gaining ground is MAGA (MAGA), which has increased more than 34 times since its inception in May 2024, currently trading at $0.0002374.
Both of these coins are based on Trump’s famous slogan “Make America Great Again” (MAGA) and are experiencing huge trading volumes and investor interest amid the ongoing political drama.
Amid this, social media is abuzz with speculations and bullish predictions about the impact of Trump’s potential return on the crypto market.
For instance, one user tweeted, “Trump is going to send crypto to new highs. 2025 will be the greatest bull market of all time.”
Trump is going to send crypto to new highs
2025 will be the greatest bull market of all time
— borovik (@3orovik) June 27, 2024
This sentiment is echoed by another user, who tweeted, “A Trump victory would send the SP500 to 6000 and $BTC to $250k IMO and it’s going to happen.”
A Trump victory would send the SP500 to 6000 and $BTC to $250k IMO and it’s going to happen. America will never forgive the Biden administration for the terror their border polices have caused American families. And the crypto population of 100M will never forgive Gary Gensler… https://t.co/k6Nj4Ph1vn
— Satoshi Flipper (@SatoshiFlipper) June 26, 2024
The optimism surrounding Trump’s potential victory and its impact on the crypto market is palpable, with many believing it could spark a bull run. But is it possible?
Can Trump’s arrival ignite a crypto bull run?
Amid all this political drama, the question on everyone’s mind is: can Trump ignite a crypto bull run? To answer this, we need to consider several factors, starting with the necessity of regulations.
No matter who wins the election, clear and balanced regulations are crucial for the crypto market’s growth. The lack of regulatory clarity has been a major hurdle, causing uncertainty among investors and hindering innovation.
Both Trump and Biden have different approaches, but the core issue remains: the need for sensible and neutral policies that support growth while protecting consumers.
Politics is often a game of lies, deceit, and changing sides, and Trump is a prime example. He has shifted from being a vocal critic of crypto to its staunch supporter.
While Trump’s newfound pro-crypto stance is attracting attention and support, it is essential to remember that his views could change again based on political convenience.
Under the Biden administration, the SEC has been criticized for its stringent approach, which many believe has stifled innovation.
However, it’s important to note that neither Trump nor Biden can be seen as saints in this context. What truly matters is the implementation of regulations that strike a balance between innovation and protection.
Without such balanced policies, the crypto market may find a more welcoming environment in other countries. Nations like Switzerland and Singapore are already vying for the lead in the crypto race by offering more favorable regulatory frameworks.
Without clear regulations, the U.S. risks losing its edge in the global crypto landscape, regardless of who occupies the White House.
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