Pro-Bitcoin Move: Trump Campaign Gains Momentum With $852,000 BTC Donation From Investor

Mila August 1, 2024

0 2,005 2 minutes read

With major figures in the industry donating Bitcoin to endorse his campaign as the upcoming United States election draws closer, former president and presidential candidate Donald Trump has witnessed immense support from the crypto community. The latest donation towards Trump’s campaign came from Gary Cardone, a popular digital asset investor.

Cardone Supports Trump With Bitcoin Donation

On Wednesday, American financial and business magnate, Gary Cardone, made a Bitcoin donation worth $852,000 to support Donald Trump ahead of the US election, which is currently considered a significant boost to his presidential campaign. This substantial contribution demonstrates Cardone’s confidence in the former US president to propel innovation following his victory.

According to Cardone, he had never funded any political figure until Trump’s administration, and he is pleased with himself for deciding to donate 12.8 BTC. Cardone’s contribution is attributed to his confidence in Bitcoin, which he thinks is the most significant thing in human history.

The American businessman endorses BTC because of its potential to offer freedom, peace, and the chance to get off the never-ending escalator needed to surpass the loss of value and power induced by the current system.

Cardone’s perspective came in response to the Chief Executive Officer (CEO) of Bitcoin Magazine, David Bailey’s post about the $25 million in funds raised following Trump’s speech at the recently concluded Bitcoin2024 conference in Nashville. Specifically, the funds originated from the industry in conjunction with whales and OGs, marking Trump’s second-largest fundraising throughout his three presidential campaigns.

Expressing his pleasure towards the development, Cardone has commended Bailey for a job well done, while extending his gratitude to these industry participants and whales for the fundraising, which he considers an essential catalytic moment that only Trump could set off.

Furthermore, the businessman expressed his optimism toward the former president, calling Trump one of the most remarkable disruptors in history due to the similarities between him and every BTC holder. “Most certainly he is a fighter just like the rest of us,” Cardone added.

Other Notable Donations To Support Trump

It is worth noting that Gary Cardone is not the only popular figure in the industry who has donated funds to support Donald Trump‘s pro-crypto movement. Since Trump announced his pro-crypto stance during one of his campaigns, major players such as the Winklevoss Twins and the co-founder of Kraken, Jesse Powell, have contributed to the presidential candidate.

In late June, Cameroon and Tyler, known as the Winklevoss Twins and founders of the Gemini exchange, supported Trump’s operations with $2 million in Bitcoin. Each brother offered $1 million in BTC, demonstrating their shared optimistic views toward the former president.

These donations from leading figures highlight the industry’s constant efforts for a more transparent and friendly environment for digital assets, which they believe Trump could bring forth once he takes over the presidential seat.