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Trump Still Doesn’t Understand Crypto, Based on His Idea to Pay off a $35 Trillion National Debt

September 27, 2024
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3 min read

This is a Crypto Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

Trump seems not to understand crypto

Despite voicing his support for the crypto sector for months now — a move that brought quite a bit of support for his campaign — the former US President and the current presidential candidate, Donald Trump, still doesn’t seem to understand how cryptos work.

Trump Wants To Use Crypto To Pay Off $35 Trillion

During a crypto event hosted last weekend, Trump spoke about digital assets, proposing to use them to pay down the US debt. “Maybe we’ll pay off the $35 trillion in crypto. How do you like that? I’ll write on a little piece of paper, ‘$35 trillion crypto’ - and we have no debt. Right? That’s what I like,” he said.

The attendees who listened to the former president’s speech started laughing, but Trump’s reaction suggests that he wasn’t kidding, as he pointed at someone and said: “He likes that idea, too; he’s laughing.”

The whole interaction suggests that the presidential candidate doesn’t seem to understand the way digital assets work, especially since he made the same suggestion in a Fox News interview a month ago, saying that “a little crypto check” could “wipe out” the $35 trillion debt.

Meanwhile, those who do have experience with crypto know that the best way to use them is to invest in coins and tokens early, especially when they know that the approaching bull run is likely to push their prices sky-high.

The biggest challenge is picking the right project to invest in, and right now, there are several good options, such as Crypto All-Stars (STARS).

BUY STARS BEFORE ITS PRICE BLOWS UP DURING THE NEXT RALLY

What is Crypto All-Stars About?

Crypto All-Stars is a new meme coin that emerged a few weeks ago and has immediately captured the attention of investors, experts, and developers — especially those who appreciate innovation.

The project invented a new way to approach staking that will position it as the center of the meme coin staking sector. This was possible thanks to its new smart contract for staking, known as MemeVault.

When it comes to other staking projects, each of them only lets the user stake the project’s native crypto. So, someone who owns multiple coins and tokens has to stake each of them in a separate smart contract. MemeVault, on the other hand, is the first multi-coin staking smart contract that supports all the major meme coins, such as Dogecoin, Pepe, Floki, Turbo, Brett, Milady, and others.

As such, it allows users to stake all of their meme coins in the same place, making it faster, easier, more accessible, and more rewarding, thanks to its 902% staking rewards. The only catch is that you must own some STARS tokens first, but given that they are still in presale and available for only $0.0014652, this is no obstacle at all.

JOIN THE STARS ICO WHILE ITS PRICE IS LOW

The STARS ICO has attracted a great amount of attention and capital as a result of the project’s potential, raising over $1.63 million in a few weeks, and counting. The project’s token, STARS, is available to any interested buyer in exchange for ETH, BNB, USDT, DOGE, PEPE, FLOKI, and SHIB. Meanwhile, those who prefer to buy with fiat currencies can use their credit or debit cards to do the same.

This article is a Brand Press post. Brand Press is a paid service for brands that want to reach Techpoint Africa’s audience directly. Techpoint Africa’s editorial team doesn’t write Brand Press content. To promote your brand via Brand Press, please email business@techpoint.africa

The content on this site is not investment advice. The information on this website is general in nature, so you must consider the information in light of your objectives, financial situation, and needs. Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Before investing you should conduct your own due diligence or obtain advice where necessary. This website is free for you to use but Clickout Media Ltd may receive a commission from the companies we feature on this site.

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