Trump Campaign Now Accepts Cryptocurrencies: Presidential Election Triggers Strong PoliFi Growth

Donald Trump’s campaign on Tuesday announced is accepting cryptocurrency donations on Trump’s website to build a “crypto army” for the election.

The Trump TRUMP crypto project, inspired by former US President Donald Trump but not directly linked to him, increasedcreating a new class of millionaires within the PoliFi crypto industry.

Here’s the short version and what other PoliFi tokens will arise next.

Trump’s crypto-friendly campaign strategy

The campaign is positioning itself as a forward-thinking and tech-savvy operation by accepting donations through popular cryptocurrencies such as Bitcoin, Ether, US Dollar Coin, Shiba Inu Coin and Dogecoin on Trump’s website.

Robert F. Kennedy Jr. is already taking Bitcoin, marking a new era in campaign finance.

“MAGA supporters, now with a new cryptocurrency option, will build a cryptocurrency army leading the campaign to victory on November 5th!” Donald Trump’s campaign said.

Second Pew research data from April 2023, cryptocurrency ownership will shift towards a younger, male demographic, which could be crucial for Trump.

While Trump embraces cryptocurrencies, Biden remains silent. Trump’s team attacked Joe Biden and US Senator Elizabeth Warren, two staunch critics of cryptocurrencies, over the issue. “Biden surrogate Elizabeth Warren said in a cryptocurrency attack that he was building an ‘anti-crypto army’ to limit Americans’ right to make their own financial choices,” he said Donald Trump’s campaign released.

The meteoric rise of the TRUMP token

According to data from CoinGecko, over the past two weeks, the Trump MAGA token (TRUMP) is up nearly 75%.

The token saw a further 14% increase on Tuesday following Trump’s campaign announcement.

The TRUMP token represents the first experiment in a new category of token known as PoliFi, which has a collective market capitalization of $749 million. Several addresses that purchased TRUMP tokens in six-figure amounts are now reporting unrealized gains of more than $1 million.

Here are some other PoliFi tokens that could explode this year:

• PEPPER
• MAGA
• TRUMP INU
• TUCKER

The PoltiFi sector could create new millionaires

Trump’s love-hate relationship with cryptocurrencies is interesting, especially since he is now trying to use cryptocurrencies as a weapon against Biden.

Coingecko is already promoting the PoliFi sector. It’s only a matter of time before Coin MarketCap adds it too. Every time TRUMP gets over a billion in market cap, they will add to it.

With crucial policy decisions in 2024, including Fed rate cuts, ETH ETFs, and the 2024 election, it’s time to prepare for the glorious PolitiFi meme rush.

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