David Marcus, the former President of PayPal and a devoted Democrat, has now endorsed Donald Trump in the presidential election.
This period of Donald Trump’s campaign for re-election as the United States President has significantly benefited from his pivot to cryptocurrency. Specifically, the 78-year-old politician has garnered backing from several prominent digital assets and conventional finance figures.
David Marcus Says the US Needs pro-crypto policies
One of the most recent figures to lend his support to Trump is David Marcus, the former President of Paypal. Conversely, the former PayPal executive is a Democrat. He disclosed his position on Wednesday, asserting that he is “crossing the Rubicon” to endorse the Republican party and its candidate, Donald Trump.
“Many individuals, including myself in a previous incarnation, become ensnared in a mental framework that becomes their identity and impedes their ability to alter their thought processes with new facts and information significantly.” Marcus wrote on X, “I have finally broken free from it.”
According to him, the United States requires an unwavering president who favors the Constitution, America, business, Bitcoin/crypto, innovation, and many other issues. Additionally, this candidate should continue to oppose the following: unjust conflicts, illegal immigration, and regulatory proliferation. The former President Trump flawlessly matches the description, so he remains his staunch supporter.
Peter Thiel, the co-founder of PayPal, has yet to endorse Trump, surprising several trend observers publicly.
Their surprise is that JD Vance, an American senator protégé of Thiel, is expected to serve as Trump’s vice president. It is reasonable to anticipate that their previous relationship will influence his support for the Republican party. Nevertheless, this is not the case, at least not now.
Will it be Trump or Kamala in the Game?
Donald Trump has received backing from numerous technology giants thus far; however, many of his contributions are from cryptocurrency industry leaders. According to reports, his contributions to the Bitcoin Conference that was recently conducted exceeded $25 million.
An American industrialist, Gary Cardone, disclosed that he contributed 12.8 Bitcoin to Trump’s presidential campaign before the US elections. The objective remains to raise $100 million by November, the election date.
The relationship between Trump and Vice President Kamala Harris, whom President Joe Biden nominated a few weeks ago, is becoming increasingly tense. Harris announced an unprecedented $50 million advertising campaign on Tuesday in anticipation of the Democratic National Convention (DNC).
This was the first substantial advertisement campaign since Harris was identified as the probable Democratic nominee for the 2024 presidential election.
