Before the 2024 US Presidential Election, Trump Gains Significantly in NFTs, Actively Leads in GOP Primary Digital Asset Market.
In light of the New Hampshire primary quickly approaching, Donald Trump and Nikki Haley are augmenting their campaign endeavors after the withdrawal of Ron DeSantis from the presidential contest earlier this week.
Recent polls indicate that Trump holds a narrow advantage in the Republican nomination. The Boston Globe, NBC News, and the Sunday poll conducted by Suffolk University all indicate that Trump holds a substantial lead. Haley has 36% support, while he possesses 55%.
A poll conducted by the Washington Post-Monmouth University on Monday found that 34% of potential primary voters support Haley, while 52% support Trump.
Trump’s NFTs Records Gains
Trump’s active participation in the digital asset market is noteworthy. His most recent foray into Non-Fungible Tokens (NFTs) is scheduled to debut on Bitcoin Ordinals.
December reports indicate that Trump’s NFT royalties accumulated more than $4 million. According to research by Arkham, following a period of accumulation, Trump commenced converting his Ethereum holdings into cash, selling an estimated 1,075 ETH for $2.4 million.
Policy-wise, Trump has expressed opposition to the establishment of a central bank digital currency (CBDC) in the United States, joining the ranks of several Republicans who perceive Biden’s proposed Fed digital dollar as a tool for surveillance. This position is validated by the ‘B Supportive’ grade assigned by DoTheySupportIt, which signifies a favorable yet not entirely devoted attitude towards cryptocurrencies.
Haley’s Position is Unclear
Haley’s reticence regarding cryptocurrencies complicates the assessment of her position. Her lack of a definitive stance on cryptocurrencies complicates forecasting her influence on the cryptocurrency industry.
As for the general election outlook, Dogecoin co-founder Billy Markus commented on the current political scenario, hinting at potential challenges for the Democratic Party.
He declared, “If the current polling is correct biden is gonna get completely wrecked and if the democrats want to win they need to pick someone else…if they don’t win they did it to themselves”
I talk to Biden voters skeptical that Joe will lose to Trump in November. Biden had approval ratings in the 50%+ range going into the 2020 race and edged out Trump by only 43,000 swing voters in Arizona, Wisconsin and Georgia. Now his approval is more than 12 points lower. pic.twitter.com/SYzVpbnhMW
— Andrew Yang🧢⬆️🇺🇸 (@AndrewYang) January 21, 2024As the presidential campaign heats up, the policies regarding cryptocurrencies are entering the discourse. Therefore, the candidates’ positions may significantly influence the trajectory of digital currencies in the United States moving forward.