On Tuesday, Donald Trump‘s presidential campaign said it would begin accepting cryptocurrency donations as part of an effort to build what it refers to as a “crypto army” leading up to Election Day.

This is clearly a strategic move as Joe Biden, who is Trump’s biggest opponent in the upcoming 2024 election, is a vocal crypto critic. Biden is running for reelection against Trump, with Sen. Elizabeth Warren, who is famously building an ‘anti-crypto army’.

Trump’s campaign said, “MAGA supporters, now with a new cryptocurrency option, will build a crypto army moving the campaign to victory on November 5th!” The ‘crypto army’ cited here directly opposes Elizabeth Warren’s ‘anti-crypto army’.

In addition to political statements, this move opens up a new source of potential revenue for the Trump campaign, a vital move as they still lag behind Biden’s campaign in terms of the total amount raised.

As big as this might seem, this is not the first ‘pro-crypto’ thing that Trump has done. In December, Trump sold a limited run of NFT trading cards, and earlier this month, he hosted a luxurious dinner for his NFT backers at the Mar-a-Lago club. At the dinner, Trump told crypto supporters that they “better vote” for him because the Biden administration is “against” crypto.

All this has earned him a heightened level of admiration and support among crypto enthusiasts, and there is a general belief that he has a large number of younger people (mostly male) on his side.

This is great news if you love crypto, but what could this mean for crypto adoption?

It really isn’t that complex. It is generally believed that the president of the United States of America is the most powerful and influential in the world; this is due to the fact that the USA is the most powerful nation on the planet, economically and otherwise.

Now, there is a very big chance that Trump will become the president of the United States at the end of the year, and nobody can deny that having a publicly pro-crypto President of the United States will be massive for the crypto space.

Here are some key things to note.

1. The usefulness and use cases of crypto become undeniable because the President used it to accept donations during his presidential campaign.

2. Many of the arguments against crypto, like the popular ‘it is only used by criminals’, become much weaker because it was trusted and utilized by the President of the United States.

3. Based on the relevance and size of the election, this move will create a buzz, which will lead to more publicity for cryptocurrency in mainstream media. More people will hear about crypto, and we all know that increased awareness is vital for adoption.

Conclusion

It is important to note that this is just a step in the right direction. There is still so much that needs to be done to achieve the level of cryptocurrency adoption that we all desire. But for now, we will celebrate these little wins.