Key Points
- Justin Sun, Elon Musk have publicly supported Trump.
- President Trump’s support for cryptocurrency has increased his chances of re-election.
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Elon Musk, CEO of SpaceX and Tesla, and Justin Sun, founder of the Tron blockchain, have made their first official endorsements of Donald Trump in the 2024 US presidential election. election After yesterday’s shooting targeting the former president.
“I fully support President Trump and wish him a speedy recovery,” Musk said in a post Saturday. X (formerly known as Twitter).
“As the election approaches, I fully support President Trump and hope for his speedy recovery,” Sun said. “He is a better choice for the crypto industry and can ensure fairer treatment.”
The Republican candidate has made headlines over the past few months for his support of Bitcoin and the U.S. cryptocurrency industry.
Trump vows to end “Joe Biden’s crypto-smashing crusade.” to Supporting the US cryptocurrency sector. He also believes that Korea should be a leader in this field and there should be no second place. Trump’s campaign has begun embracing cryptocurrencies as part of its crypto-friendly approach. Donate with cryptocurrency
Sun has previously urged the cryptocurrency community to support a presidential candidate who supports cryptocurrencies, but has not named any specific candidates.
“We must support a presidential candidate who supports cryptocurrencies. We must show the candidate that the crypto community, companies, and protocols are important stakeholders, and their voices should be heard and their interests protected,” Sun said in a May X post.
Trump’s new pro-crypto stance has boosted his chances of reelection. Since the recent shootings, Polymarket, a decentralized prediction market platform, has seen its odds hit an all-time high.
According to Data from Polymarket Trump currently has a 70% chance of winning the 2024 election, while Biden has a 16% chance.
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