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Crypto

CryptoQuant CEO: ‘Trump is the right choice’ if you care about crypto

By admin
0 54

Ki Young Ju, the CEO of CryptoQuant, claims that the Republican presidential runner Donald Trump “is the right choice” for the growth of the crypto ecosystem.

Young Ju pointed out Trump’s latest web3 project, World Liberty Financial, and his influential speech at the Bitcoin 2024 conference.

https://twitter.com/ki_young_ju/status/1844301808002531524

Per a recent crypto.news report, WLF submitted a proposal to launch its Aave v3 instance to provide stablecoin liquidity for Ethereum (ETH) and Wrapped Bitcoin (WBTC). This could potentially increase the decentralized finance protocol’s user base.

“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.

You might also like: Taiwan regulators mull piloting crypto custody services with local banks: report

The CryptoQuant CEO faced criticism after sharing the pro-Trump post on X. One user called the Republican candidate a “scam artist,” adding that Trump “had plenty of opportunities in his previous term to promote crypto.”

Meanwhile, Harris claimed to “build an opportunity economy” for crypto and artificial intelligence in her only public statement about the industry. Young Ju says that “the lack of regulation” in Harris’ presidency “could cause another downturn.”

Notably, neither Trump nor Harris mentioned anything about cryptocurrencies and DeFi in their debate on Sept. 10.

Trump’s latest speech along with Elon Musk, the billionaire CEO of Tesla, in Butler, Pennsylvania brought more supporters to the Republican candidate, extending his lead on the market prediction platform Polymarket.

According to data provided by Polymarket, Trump’s chance of winning the U.S. presidential race is currently at 54.4% — 9.4% greater than Harris’ 45%.

Bets on the next U.S. president – Oct. 10 | Source: Polymarket

The total amount of bets on the outcome of the U.S. elections in November surpassed the $1.6 billion mark, with Trump leading the chart with $425 million.

Read more: Crypto market looks bearish ahead of CPI report, BTC at $60k

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