{"id":402151,"date":"2024-06-26T04:30:33","date_gmt":"2024-06-25T23:00:33","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=402151"},"modified":"2024-06-25T18:19:35","modified_gmt":"2024-06-25T12:49:35","slug":"trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\/","title":{"rendered":"&#8216;Trump has positioned himself as the candidate that\u2019s pro-Bitcoin:&#8217; Exec"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">BTC is facing a massive supply from Mt. Gox and German authorities, says Marathon CEO<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">The executive viewed Trump as pro-Bitcoin but advocated a bi-partisan approach to crypto issues.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Former U.S., president Donald Trump continues to gain support from the crypto community. Inasmuch, <\/span><a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin [BTC]<\/span><\/a><span style=\"font-weight: 400;\"> miner Marathon Digital CEO Fred Thiel has become the latest executive to back Trump.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a recent interview with Yahoo Finance, Thiel <\/span><a href=\"https:\/\/x.com\/YahooFinance\/status\/1805252980590944661\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\">,\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cFormer president Trump has positioned himself as the candidate that\u2019s pro-Bitcoin. He believes that all Bitcoin should be mined in the US and has been open to Bitcoin miners and people in the space\u2019<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">On the contrary, Thiel noted that Biden\u2019s administration has been very \u2018hostile\u2019 to Bitcoin through various agencies like the SEC.\u00a0<\/span><\/p>\n<h2>55 million BTC voters at stake<\/h2>\n<p><span style=\"font-weight: 400;\">However, Thiel added that Biden\u2019s administration has been backing down from its hostility after realizing a large voting block was at stake. The executive said,\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u2018I\u2019m sensing thawing of the cold from Biden\u2019s administration as they realize there are 55 million voters in this country who care about crypto.\u2019<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The executive further urged both sides to embrace issues related to Bitcoin and crypto.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Several crypto figures have endorsed Trump. Last week, asset manager Ark Invest\u2019s CEO, Cathie Wood, <\/span><a href=\"https:\/\/x.com\/BehizyTweets\/status\/1805006367792771383\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">backed<\/span><\/a><span style=\"font-weight: 400;\"> Trump as pro-business.\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">&#8220;I am a voter when it comes to economics. And on that basis, Trump\u2019<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">When asked about current BTC price action after slipping below $60K, Thiel mentioned many factors impacting the largest digital asset. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">From macro expectations to selling from German authorities, BTC miners, and Mt. Gox repayments, Thiel added,<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201cWhat we\u2019re seeing right now is a lot of supply in the market and $1.2 billion outflows from the ETFs.\u2019\u00a0<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The executive mentioned $57K as a key support level and $68K and $69K as key hurdles for BTC to clear. During the Monday intraday trading session, BTC dropped to $58.4K before reclaiming $60K.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the upcoming fears about Mt. Gox repayments, QCP Capital analysts <a href=\"https:\/\/t.me\/QCPbroadcast\/1251\" target=\"_blank\" rel=\"noopener\">suggested<\/a> the update could have less impact based on option market data.\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u2018We see little activity in the July options market, suggesting the market is not anticipating volatility around the distribution itself\u2019\u00a0<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Additionally, most market liquidity was on the upside on the weekly charts, especially at $64K, underscoring a move toward the cluster (orange) could be possible.\u00a0<\/span><\/p>\n<figure id=\"attachment_402152\" aria-describedby=\"caption-attachment-402152\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-BTC_USDT-Liquidation-Heatmap1-week-2024-06-25_14_36_29.png\"><img decoding=\"async\" class=\"size-full wp-image-402152\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-BTC_USDT-Liquidation-Heatmap1-week-2024-06-25_14_36_29.png\" alt=\"Bitcoin \" width=\"2560\" height=\"1879\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-BTC_USDT-Liquidation-Heatmap1-week-2024-06-25_14_36_29.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-BTC_USDT-Liquidation-Heatmap1-week-2024-06-25_14_36_29-300x220.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-BTC_USDT-Liquidation-Heatmap1-week-2024-06-25_14_36_29-1024x752.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-BTC_USDT-Liquidation-Heatmap1-week-2024-06-25_14_36_29-768x564.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-BTC_USDT-Liquidation-Heatmap1-week-2024-06-25_14_36_29-1536x1127.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-BTC_USDT-Liquidation-Heatmap1-week-2024-06-25_14_36_29-2048x1503.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Binance-BTC_USDT-Liquidation-Heatmap1-week-2024-06-25_14_36_29-1200x881.png 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-402152\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>55 million crypto voter have made Biden&#8217;s administration change its hostility towards Bitcoin. <\/p>\n","protected":false},"author":79,"featured_media":402158,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[6427],"class_list":["post-402151","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>&#039;Trump has positioned himself as the candidate that\u2019s pro-Bitcoin:&#039; Exec - AMBCrypto<\/title>\n<meta name=\"description\" content=\"Marathon exec slammed Biden administration for being hostile to Bitcoin. However, he advocated for bi-partisan crypto legislation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"&#039;Trump has positioned himself as the candidate that\u2019s pro-Bitcoin:&#039; Exec - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"55 million crypto voter have made Biden&#039;s administration change its hostility towards Bitcoin.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-25T23:00:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/06\/Bitcoin-FFFI.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1260\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Benjamin Njiri\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Benjamin Njiri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"ReportageNewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\\\/\"},\"author\":{\"name\":\"Benjamin Njiri\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/553bc0a52388cbc0397b81684d514809\"},\"headline\":\"&#8216;Trump has positioned himself as the candidate that\u2019s pro-Bitcoin:&#8217; Exec\",\"datePublished\":\"2024-06-25T23:00:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\\\/\"},\"wordCount\":406,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin-FFFI.jpeg\",\"keywords\":[\"ambcrypto\"],\"articleSection\":[\"Bitcoin\",\"BTC Trading View\",\"News\",\"News 1\",\"Social\",\"Trading View\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/ambcrypto.com\\\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\\\/#respond\"]}],\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\\\/\",\"url\":\"https:\\\/\\\/ambcrypto.com\\\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\\\/\",\"name\":\"'Trump has positioned himself as the candidate that\u2019s pro-Bitcoin:' Exec - AMBCrypto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/trump-has-positioned-himself-as-the-candidate-thats-pro-bitcoin-exec\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ambcrypto.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Bitcoin-FFFI.jpeg\",\"datePublished\":\"2024-06-25T23:00:33+00:00\",\"description\":\"Marathon exec slammed Biden administration for being hostile to Bitcoin. 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