Equity Fund Manager and Founder of Cardone Capital, Grant Cardone, believes President-elect Donald Trump may promote Bitcoin to reinforce US global dominance.
Cardone Expects Trump's Bitcoin Support
Grant Cardone claims that Donald Trump could advocate for Bitcoin to the American public, suggesting that the president-elect will pitch Bitcoin as essential for maintaining the US's global leadership position. Cardone even draws parallels between Trump's potential Bitcoin push and John F. Kennedy's inspiration for the moon landing in the 1960s.
Comments on Trump and Bitcoin
Cardone's post on the X platform garnered numerous responses. Among his supporters was Starbot.pro's CEO Noah Kaufman, who simply responded, 'Agree Grant.' However, some users, like Paulo Ribeiro De Lemos, expressed doubts, noting that the dollar and Bitcoin cannot be measured on the same scale, highlighting differences in value and purpose.
Some States Considering Bitcoin Reserves
Despite potential federal failures, including by Donald Trump, some states such as Pennsylvania, Ohio, and Texas are considering establishing their own Bitcoin reserves. For example, Pennsylvania State Representative Mike Cabell proposed using state funds to purchase Bitcoin to guard against inflation. Similarly, representatives in Ohio and Texas have advanced bills to create such reserves.
As Grant Cardone presents his speculations, a national dialogue unfolds regarding Bitcoin's role in the future US economic landscape, with some states taking the initiative despite federal uncertainty.
