Donald Trump’s Crypto Comments Cause Massive Bombs In These Meme Coins

TL;DR

Donald Trump is now endorsing cryptocurrencies, reversing his earlier skepticism and promoting himself as a pro-crypto candidate in contrast to Joe Biden, who says he opposes the industry. The meme coin BODEN, linked to Joe Biden, increased by 40% in value, while MAGA, associated with the Trump slogan, increased by 60%. BODEN and MAGA Flash Green

The election for the next President of the United States is just a few months away, and the main candidates have already started to shoot. The latest confrontation was provoked by the Republican candidate, Donald Trump.

Interestingly, he talked about cryptocurrencies, claiming that his opponent, Joe Biden, and people in his cabinet are against the industry. On the contrary, Trump make sure is the right choice for those who favor the asset class:

“I’m fine with that. I want to make sure it’s good and solid and everything else. But I’m fine with that. And if you like crypto in any form (and it comes in many different forms), if you’re in favor of crypto, you better vote for Trump.”

The billionaire was also asked about his opinion on a meme coin, BODEN, whose market cap reached $250 million and represents President Joe Biden. Trump said that “that’s a lot of money for a coin,” adding that he doesn’t like that investment.

Despite his negative opinion, the price of BODEN shot up substantially in the last few hours. It rose 40%, rising to $0.42 before returning to the current level of $0.35 (according to CoinGecko data).

BODEN Price, Source: CoinGecko

The meme currency with a MAGA ticker (representing the political slogan popularized by Trump: “Make America Great Again”) has exploded even more impressively. Its price briefly crossed the $7 mark, representing a 60% increase.

MAGA Price, Source: CoinGecko Trump U-Turn

It is worth mentioning that Donald Trump has not been so supportive of the cryptocurrency sector in his day. A few years ago, he called Bitcoin (BTC) “a scam,” adding that he didn’t like it because “it’s another currency that competes with the dollar.” It began softening its tone earlier this year, saying it can “live” with the digital asset:

“You’re probably going to have to do some regulation, as you know. But a lot of people are accepting it, and more and more I’m seeing people wanting to pay ‘bitcoin’ and you’re seeing something interesting. So I can live with it one way or another of another

Trump also jumped on the NFT bandwagon, releasing a collection of digital art depicting him in superhero style. As reported by CryptoPotato, the value of non-fungible tokens increased significantly after the arrest of the American in April last year and his interview with Tucker Carlson a few months later.

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