As the United States election approaches, former president and presidential candidate Donald Trump gains backing from influential figures in the crypto community through Bitcoin donations. The recent substantial contribution of $852,000 towards Trump’s campaign came from Gary Cardone, a well-known digital asset investor.
Gary Cardone Backs Trump with Bitcoin Contribution
Renowned American entrepreneur Gary Cardone made a significant Bitcoin donation of $852,000 to endorse Donald Trump ahead of the US election. This substantial show of support exemplifies Cardone’s faith in Trump’s ability to drive innovation post-election.
Cardone, who had not previously financially backed any political figure, expressed his confidence in Trump by donating 12.8 BTC. His support stems from his belief in Bitcoin’s transformative potential, which he hails as a pivotal advancement in human history.
Cardone lauds Bitcoin for its promise of freedom, peace, and liberation from the cyclical devaluation and power dynamics inherent in the current financial structure.
This endorsement follows David Bailey, CEO of Bitcoin Magazine, acknowledging the $25 million raised following Trump’s address at the Bitcoin2024 conference. The funds, secured from industry players, whales, and OGs, marked Trump’s second-largest fundraising initiative across his three presidential campaigns.
Expressing his appreciation for this milestone, Cardone praised Bailey and extended gratitude to the industry contributors for their fundraising efforts, highlighting Trump’s unique ability to catalyze such pivotal moments.
Cardone remains optimistic about Trump, identifying him as a transformative figure akin to BTC holders and emphasizing his resilience as a fighter aligned with the community.
Support for Trump Through Notable Donations
Gary Cardone joins a league of prominent industry figures supporting Donald Trump’s pro-crypto stance with financial contributions. Key players like the Winklevoss Twins and Kraken co-founder Jesse Powell have also bolstered the presidential candidate.
In a significant move, the Winklevoss Twins, Cameron and Tyler, founders of Gemini exchange, donated $2 million in Bitcoin to support Trump’s endeavors. Each twin contributed $1 million in BTC, showcasing their shared optimistic outlook on the former president.
These donations reflect the industry’s ongoing advocacy for a transparent and crypto-friendly landscape, which they believe Trump can champion once in office.
