Ki Young Ju, the CEO of CryptoQuant, asserts that Donald Trump, the Republican presidential candidate, is the “appropriate choice” for the expansion of the crypto ecosystem
Young Ju identified Trump’s most recent web3 initiative, World Liberty Financial, and his influential address at the Bitcoin 2024 conference.
https://twitter.com/ki_young_ju/status/1844301808002531524
WLF submitted a proposal to launch its Aave v3 instance in order to provide stablecoin liquidity for Ethereum and Wrapped Bitcoin, according to a recent report on crypto.news. This has the potential to expand the user base of the decentralized finance protocol.
“He’s [Trump] a Web3 founder now. Regardless of the outcome, he’s far better than Harris, who shows no interest in crypto.”Young Ju wrote.
The CEO of CryptoQuant was subjected to criticism after sharing the pro-Trump post on X. One user referred to the Republican candidate as a “scam artist” and stated that Trump “had plenty of opportunities in his previous term to promote crypto.”
In her sole public statement regarding the industry, Harris asserted that she intended to “establish an opportunity economy” for artificial intelligence and cryptocurrency. Young Ju asserts that Harris’ presidency’s “lack of regulation” “could result in another downturn.”
It is important to note that neither Trump nor Harris addressed cryptocurrencies or DeFi during their debate on September 10.
Trump’s most recent speech, which was delivered in Butler, Pennsylvania, in conjunction with Elon Musk, the billionaire CEO of Tesla, garnered additional support for the Republican candidate, thereby increasing his lead on the market prediction platform Polymarket.
Trump’s probability of winning the U.S. presidential election is currently 54.4%, which is 9.4% higher than Harris’ 45%, as indicated by data from Polymarket.
The total number of bets on the outcome of the U.S. elections in November surpassed $1.6 billion, with Trump ruling the pack with $425 million.
