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Trump Loses Key Voters After Launching His Crypto, Fans Divided!

Wed 18 Sep 2024 ▪ 3 min read ▪ by Fenelon L.
Getting informed Event

The recent launch of the WLFI token by Donald Trump through his World Liberty Financial project is generating mixed reactions within the crypto community. Some supporters of the former president, initially in favor of cryptocurrencies, are questioning their support in light of this controversial project.

Trump lance sa crypto

Trump’s Crypto Supporters Divided After the Launch of His Token

Yesterday, Donald Trump officially presented his World Liberty Financial project and its WLFI token during an X Spaces event. This announcement, following several weeks of speculation, did not fail to elicit reactions in the crypto sphere.

Nic Carter, partner at Castle Island Ventures, called the project a “huge mistake,” noting that Trump’s campaign was “naively exploiting his recent enthusiasm for cryptos.” This opinion reflects a sentiment shared by many industry experts, who view this initiative as poorly calculated opportunism.

On social media, reactions from Trump’s pro-crypto supporters range from disappointment to anger. Indeed, Mitchell Askew, an X user, stated: “Trump launching a sh*tcoin may have been the straw that broke the camel’s back and cost him my vote.” This type of comment, far from isolated, indicates a real fracture within the former president’s voter base.

A Risky Political Calculation As Elections Approach

The timing of this launch, just 49 days before the presidential election, raises questions about Trump’s team’s strategy. In a context where polls show a close race with Kamala Harris, every decision can be crucial.

Tonya Evans, a law professor at Penn State Dickinson, however, nuances the impact of this controversy: “I don’t see this [costing Trump support]. I see some jokes. I see this segment of the industry a bit quieter than before, but I haven’t seen any signs […] that indicate they would make a different decision.

Despite everything, the opaque management of the WLFI project, particularly the 70% premine of the token, raises ethical questions. These practices, common in the crypto world but often criticized, could tarnish Trump’s image among the most informed sector voters.

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Fenelon L. avatar
Fenelon L.

Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.