As a seasoned analyst with over two decades of experience in finance and technology, I find myself intrigued by the growing involvement of political figures in the crypto space. Ki Young Ju’s endorsement of Donald Trump for the growth of the cryptocurrency ecosystem seems to be based on tangible evidence – Trump’s Web3 project, World Liberty Financial, and his influence in the industry as seen at Bitcoin 2024 conference.
According to Ki Young Ju, the CEO of CryptoQuant, Donald Trump, as a potential Republican president, is considered an appropriate pick for fostering growth within the cryptocurrency environment.
In simpler terms, Young Ju highlighted Trump’s recently announced World Liberty Financial venture in web3, as well as his keynote address at the Bitcoin conference in 2024.
According to the latest updates from Crypto News, WLF has proposed initiating their Aave v3 platform to supply stablecoin liquidity for both Ethereum (ETH) and Wrapped Bitcoin (WBTC). If successful, this move might expand the user community of the decentralized finance protocol.
“He’s [Trump] a Web3 founder now. Regardless of the outcome, he’s far better than Harris, who shows no interest in crypto.”
Young Ju wrote.
The CryptoQuant CEO faced criticism after sharing the pro-Trump post on X. One user called the Republican candidate a “scam artist,” adding that Trump “had plenty of opportunities in his previous term to promote crypto.”
During her only public comment on the subject, Harris expressed her intention to establish a “boom economy” for cryptocurrency and AI. Young Ju warns that the absence of regulations during Harris’ presidency could potentially lead to another economic decline.
It’s worth noting that neither Trump nor Harris brought up the topics of cryptocurrencies or Decentralized Finance during their debate on September 10th.
In Butler, Pennsylvania, Trump’s recent speech alongside Elon Musk, the renowned CEO of Tesla, has garnered additional support for Trump, widening his advantage in the predictions on the market forecasting platform Polymarket.
As per information from Polymarket, Trump has a 54.4% likelihood of being elected as the next U.S. President, which is 9.4 percentage points higher compared to Harris’ 45%.
In November’s U.S. election, the collective wagers placed on its outcome exceeded a staggering $1.6 billion, with Donald Trump holding the top spot at $425 million in bets.
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2024-10-10 14:03