The cryptocurrency sector that supported Trump’s bid for reelection has grown angrier as the market declines, with farmers and Latino male voters among its core supporters expressing discontent. The downturn has also exposed fractures within the pro-Trump crypto community as members reassess the outlook for digital assets.
Bitcoin’s price slipped below $70,000, undermining belief in a Trump-favored “golden era” and prompting investors to voice disappointment. Reports indicate that wallets associated with the Trump family business sold millions of dollars worth of cryptocurrency, fueling further backlash.
Crypto influencer Carl Runefelt posted on X that Trump led him to believe Bitcoin would reach $300,000, and that his presidency harmed the cryptocurrency sector. Another crypto account said Trump claimed crypto profits would not be taxed, but users reportedly did not realize that profits would be wiped out.
Leave a Reply