Michael Saylor, the CEO of software firm MicroStrategy Inc. (NASDAQ:MSTR) declared Bitcoin (CRYPTO: BTC) a political force, a statement that comes amid significant political developments favoring the world's largest cryptocurrency.
What Happened: On Thursday, Saylor responded to a New York Post video on the significance of Senator J.D. Vance's (R-Ohio) vice-presidential candidacy for cryptocurrency.
One of the most influential advocates of the digital currency, Saylor stated, "Bitcoin has become a political force," underlining its importance as a major poll issue this election.
#Bitcoin has become a political force.pic.twitter.com/MggQDgNsfC
— Michael Saylor️ (@saylor) July 19, 2024
Earlier this week, former President Donald Trump announced Vance as his running mate, a known pro-cryptocurrency advocate. Vance holds a significant amount of Bitcoin and has been actively promoting legislation favorable to the cryptocurrency industry.
Why It Matters: The selection of Vance as a vice-presidential candidate has stirred the industry. Todd Gordon, founder of Inside Edge Capital, has even predicted that Bitcoin could surpass the $100,000 mark this year, citing the pro-cryptocurrency stance of the potential Trump-Vance presidential ticket as a contributing factor.
Support for Donald Trump and candidates seen as supportive of cryptocurrencies has risen from people within the industry. Winklevoss twins, the co-founders of cryptocurrency exchange Gemini, donated $1 million in Bitcoin to support John Deaton's political campaign against Senator Elizabeth Warren (D-Mass.). Last month, the brothers donated $2 million in Bitcoin to Trump's 2024 election campaign.
However, not everyone is in agreement. Ethereum (CRYPTO: ETH) co-founder, Vitalik Buterin, raised objections to choosing political allegiances based solely on a candidate's pro-cryptocurrency stance.
Price Action: At the time of writing, Bitcoin was exchanging hands at $63,484.20, down 1.88% in the last 24 hours, according to data from Benzinga Pro.
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業界内からは、ドナルド・トランプ氏と暗号通貨に対して支持的な候補者への支持が高まっています。 Gemini暗号通貨取引所の共同設立者であるウィンクルヴォス兄弟は、Senator Elizabeth Warren（D-Mass.）に対するJohn Deaton氏の政治的キャンペーンを支援するために100万ドル相当のビットコインを寄付しました。先月、兄弟はトランプの2024年の選挙運動に200万ドル相当のビットコインを寄付しました。
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オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会（ASIC）の管理を受けております（AFSL No. 224663）。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
#Bitcoin has become a political force.pic.twitter.com/MggQDgNsfC#ビットコインは政治的な力になりました。pic.twitter.com/MggQDgNsfC
