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Political pros are all following Bitcoin as it becomes the new darling of the election battle.
Bitcoin has become a "hotcake" in the eyes of politicians
Recently, Bitcoin's presence on the political stage has significantly increased. Three well-known political figures have successively expressed their views on Bitcoin, attracting widespread attention.
Former U.S. President Trump stated in an interview before the primary elections in South Carolina, "I can accept Bitcoin." This statement has been interpreted as a softening of Trump's stance on Bitcoin, contrasting sharply with his previous hardline attitude. Trump also noted that Bitcoin has already gained its own vitality and may need some regulation, but more and more people want to use it.
It is worth noting that Trump stated during his presidency in 2019 that he did not like cryptocurrencies, believing they "are not money." He reiterated in a recent interview that he still prefers the US dollar. However, since the US approved the Bitcoin spot ETF in January of this year, Bitcoin has become the focus of global investors. According to statistics, nearly 14% of Americans held digital assets as early as 2022, with the majority being young people.
Trump's statement this time is likely aimed at attracting young voters. At a critical moment in the U.S. election, Bitcoin, as an important digital asset favored by young people, has become a tool for politicians to garner votes.
Current U.S. President Biden is also not to be outdone. He posted a "Dark Brandon Laser Eyes" meme photo and video on social media, sparking widespread discussion across various sectors. "Laser Eyes" symbolizes confidence in the future of Bitcoin within the crypto community, a cultural phenomenon that swept the global crypto community in 2021. Biden's move is seen as a signal to convey support for cryptocurrencies to young voters in an effort to win their ballots.
Former UK Prime Minister Johnson has also joined the Bitcoin conversation. According to reports, he asked an American media person to pay a $1 million interview fee in "dollars, gold, or Bitcoin," refusing to accept pounds. This demand has sparked criticism from some industry insiders, who believe Johnson is more concerned with personal interests rather than public discussion.
However, Johnson's choice has also been interpreted by some as a positive signal for Bitcoin. Some believe that this indicates that even political elites recognize the advantages of Bitcoin as a long-term store of value. The scarcity, divisibility, verifiability, and decentralization of Bitcoin make it a unique form of currency.
Overall, Bitcoin is becoming an important topic on the political stage. Whether for the sake of gaining votes or personal interests, politicians' words and actions reveal the growing significance of Bitcoin in the global financial system. As time goes on, Bitcoin may play an even more important role in broader political and economic discussions.