Ex-PayPal Exec David Marcus Pledges Support To Donald Trump

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As a seasoned crypto investor and tech-savvy individual who has navigated through the ever-evolving digital asset landscape for over two decades now, I firmly believe that the US needs a pro-crypto president to steer our nation towards a prosperous future. The support that Donald Trump has garnered from key players in the crypto sphere and traditional finance, such as David Marcus and Peter Thiel, is a testament to his potential to lead us forward.

During his re-election campaign as U.S. President, Donald Trump’s shift towards cryptocurrency has proven to be highly beneficial. In particular, the 78-year-old politician has managed to win backing from influential figures in the digital currency world and traditional financial arenas alike.

US Needs Pro-crypto Donald Trump

As an analyst, I’d rephrase it like this: Last week, David Marcus, who once served as President of Paypal, voiced his backing for Donald Trump. It’s important to note that Marcus is a Democrat by political affiliation. On Wednesday, he declared his decision publicly, stating that he was stepping out of the Democratic camp and aligning with the Republican party and its nominee, Mr. Trump. He compared this move to crossing the Rubicon, a symbolic act indicating irrevocable commitment.

Marcus shared on X that numerous individuals, including himself in the past, often find themselves confined by a mental construct which they identify with, hindering them from significantly updating their thought process with fresh facts and data. However, he successfully managed to break free from this constraint.

A previous PayPal employee, David Marcus (Democrat), publicly endorses Donald Trump. (Republican)

In the previous week, I penned a piece discussing the fact that PayPal’s co-founder, Peter Thiel, has not openly endorsed President Trump, even though his protégé Vance is part of the campaign team.

Will Thiel come around?

— Eleanor Terrett (@EleanorTerrett) July 31, 2024

According to him, the ideal U.S. president, in his viewpoint, would be one who is wholeheartedly for: American values, the Constitution, entrepreneurship, digital currencies like Bitcoin and crypto, technological advancements, and numerous other aspects. This individual should also maintain a stance against: excessive regulation, illegal immigration, and unjustified wars. Previously, President Trump appears to embody these qualities, which explains his backing of him.

Currently, Peter Thiel, a co-founder of PayPal, has not openly endorsed Donald Trump, which has left some onlookers puzzled.

Surprisingly, it’s being proposed that JD Vance, a senator and protege of Peter Thiel, could become Vice-President under Trump. Given their history, one might assume his allegiance to the Republican party would be influenced by this connection. Yet, as of now, there’s no clear indication that this is the case.

Game of Thrones: Trump or Kamala

To date, Donald Trump has garnered backing from various tech giants; however, a substantial amount of his contributions originate from prominent figures in the cryptocurrency sector. Reports suggest that contributions from the latest Bitcoin Conference surpassed $25 million.

As a researcher, I uncovered that prior to the U.S. elections, entrepreneur Gary Cardone contributed 12.8 Bitcoins to Donald Trump’s Presidential Campaign, aiming to amass a total of $100 million by November, the month when the election will take place.

Currently, the tension seems to be escalating between Trump and Vice President Kamala Harris, whom President Joe Biden nominated a short while ago. On Tuesday, Harris declared an impressive ad campaign worth $50 million prior to the Democratic National Convention (DNC).

As someone who has closely followed political campaigns for many years, I can confidently say that this recent ad campaign marks a significant milestone in the lead-up to the 2024 presidential election. Given my extensive experience observing and analyzing elections, I have never seen such an intense level of interest and anticipation surrounding a potential Democratic nominee like Harris. This is truly an exciting time for American politics, and I can’t wait to see how her campaign unfolds in the coming months.

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2024-08-01 00:48