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'Cautiously optimistic': Australian crypto investors prepare for Trump 2.0

Odds have swung further in Donald Trump’s favour after Saturday’s failed assassination attempt, and some in the crypto community think it's to their benefit.

Daniel Van Boom
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Donald Trump has strongly aligned himself with the cryptocurrency industry since May's Libertarian National Convention. AP/Jose Luis Magana.

Within 24 hours of a failed attempt on his life, Donald Trump made an notable confirmation: he would still be speaking at the Bitcoin Conference in Nashville on 27 July.

Those in the cryptocurrency industry are celebrating more than just his upcoming appearance. The attack on Trump has swung US election odds further into the former president’s favour. With Trump firmly committing himself to the crypto earlier this year, that is viewed by investors at home and abroad as a win for the industry.

“This is not an endorsement, but he would be the more pro-crypto president were he to be elected,” said Benjamin Celermajer of Magnet Capital, a Sydney-based fund with just under $50 million in digital assets under management.

“If you vote Democrat, you’re voting for a party that has threatened your industry,” Celermajer⁩ said. “Or you're voting for a [Republican] party which tends to be favourable to your industry, wants to provide rules and wants to ensure that your industry stays onshore in the US.”