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Bitcoin Bulls Are Rooting for Trump. What's at Stake This Election for Cryptos.

By George Glover

Bitcoin Bulls Are Rooting for Trump. What's at Stake This Election for Cryptos.

For some crypto bros, the 2024 presidential election is a case of Donald Trump or bust. Others are positioning the contest as a win-win no matter who is the next president.

The Republican nominee has done a spectacular U-turn on the sector this year, having previously slammed it as a scam. In late July, he pledged to set up a Bitcoin strategic reserve and promised to fire Securities and Exchange Commission chair Gary Gensler -- who's seen as a digital-asset hawk -- in a bid to win over scores of young, blockchain-friendly voters.

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