FX.co ★ Donald Trump to support BTC?

The American community and the whole world are monitoring Donald Trump's fight for the presidential seat. It is thrilling. The issue of cryptocurrencies is especially important. Currently, most are wondering whether Trump will support Bitcoin.

According to Erik Voorhees, CEO of ShapeShift and crypto enthusiast, Bitcoin could deeply root itself in the American financial system. He believes that with Bitcoin, the United States could withstand the looming financial collapse.

Previously, the ShapeShift CEO stated that under the administration of either Trump or Joe Biden, the US national debt would increase by at least $1 trillion annually. However, with the help of the first cryptocurrency, this issue can be resolved. Erik Voorhees supposes that it will allow the country to survive the impending financial apocalypse triggered by the rising national debt. This will be the most catastrophic and significant event.

The crypto enthusiast believes that the governments of several countries need to abandon the existing concepts of nation-states and the traditional financial system. Bitcoin could help with this too, according to the ShapeShift CEO. The first cryptocurrency is a tool that can prevent devaluation. In today's world, Bitcoin is gaining recognition as a more stable asset compared to fiat currencies. It could be a stabilizing force. The existence of BTC is a prerequisite for a new civilization, not because it solves all global problems, but because it can prevent the devaluation of money (inflation) through game theory.

Earlier, the ShapeShift CEO advised Trump to adopt a liberal policy towards the first cryptocurrency: "The best thing Trump/Vance can do during their administration, since they cannot (and won't) materially reduce the debt situation, is to create four years of permissive space in which crypto may thrive, unpersecuted."

In the current situation, Voorhees recommends weighing all the pros and cons of this approach and advises the former US president to create a favorable environment for BTC, ensuring the asset's prosperity for the next four years.