BroadChain, a professional financial news outlet, has learned that Arthur Hayes criticized President Trump’s sudden interest in cryptocurrency in his article “Hot Chick” published on July 11th, stating that it is not sincere.
Hayes believes that Trump is trying to please the young, politically active, and wealthy cryptocurrency community in order to win the election. Therefore, Trump is improving his image among cryptocurrency supporters by saying all the “right things”.
Unfortunately, this newly emerged political attention has caught the attention of many in the industry. Politically savvy individuals are trying to bring the cryptocurrency industry home, rather than the other way around. These feelings are misguided. The playboy of cryptocurrency is not a movie star, but rather a fool standing on the sidelines of a party.
It is frustrating to see that many cryptocurrency experts, who should have a better understanding of the situation, are blindly hosting flashy fundraising events for Trump’s campaign.
They mistakenly believe that Trump is sincere and that as long as they donate enough money, the “anti-cryptocurrency campaign” will disappear. This is pure nonsense.
Trump is a shrewd politician. He will say anything to anyone who wants to be reelected. Once in office, anything related to cryptocurrency will become a distant memory.