With the market playing such an important role in 2024, Donald Trump has said that the US must become a crypto leader, outpacing China and the BRICS alliance. Indeed, the 45th president, amid his reelection campaign, has pointed out the importance that digital assets will play on a global scale.
In a wide-ranging interview with Bloomberg, Trump noted that cryptocurrencies are a vital battleground for geopolitics. Specifically, he said the country must not concede ground to China. His sentiments certainly point to a candidate who is focused on implementing crypto in US policies.
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Trump Calls on United States to Become Crypto Leaders
2024 has been a massive year for crypto. It has seen Bitcoin get the first crypto-based ETF in the US, followed by Ethereum. Moreover, it has become a key topic in the ongoing presidential race. Donald Trump has emerged as quite the cryptocurrency advocate thus far.
He reaffirmed that in a recent interview, noting its importance. Specifically, Donald Trump said the US must lead crypto, to avoid a BRICS takeover. During the interview, he noted that China was likely to usurp America if action wasn’t taken.
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“If we don’t do it, Chian is going to pick it up, and China’s going to have it—or somebody else, but most likely China. China’s very much into it,” Trump said. “What I want, again, is what is good for the country,” he added when asked about his recent embrace of digital assets.
Trump had previously asserted the need for the US to remain dominant. Speaking on crypto, he said that the country “must be the leader in the field, there is no second place.” His embrace of the asset class has already paid dividends, as The Wall Street Journal reported he has received more than $3 million worth of campaign donations in crypto.
China’s BRICS alliance has firmly embraced digitized currency. The bloc is working on its payment system that is likely to be rooted in CBDC’s, crypto issued by the grouping’s central banks. For Trump, that could only enhance its de-dollarization and anti-western policies.