5 Crypto Billionaires Backing Trump and Harris in the 2024 Election
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Billionaires from the cryptocurrency world are becoming more involved in U.S. politics, supporting and donating to the campaigns of former President Donald Trump and Vice President Kamala Harris as digital currency becomes a hot topic in the upcoming election.
Here are the top 5 crypto billionaires backing Trump and Harris
1. Tyler and Cameron Winklevoss: Backing Trump
- Net Worth: $2.7 billion each
- Contributions: The Winklevoss twins, founders of the cryptocurrency exchange Gemini, donated around $1 million each in bitcoin to support Donald’s campaign. They criticized the Biden administration for its “war against crypto” and have since donated a total of $10.1 million to political groups during this election cycle.
- Reason: They believe Trump would be more supportive of cryptocurrency than the current administration.
2. Chris Larsen: Supporting Kamala Harris
- Net Worth: $3.1 billion
- Contributions: Ripple co-founder Chris Larsen recently endorsed Vice President Kamala Harris. He donated $1.9 million to her campaign and promised to contribute $10 million worth of Ripple’s cryptocurrency, XRP, to support her.
- Reason: Larsen believes in Harris’ approach to technological innovation, including digital assets, and sees her as a positive force for the crypto industry.
3. Marc Andreessen: Backing Trump
- Net Worth: $1.8 billion
- Contributions: The venture capitalist behind Andreessen Horowitz donated $2.5 million to a super PAC supporting Donald. Though his business partner Ben Horowitz once supported Trump, Horowitz has since switched sides, now backing Harris.
- Reason: Andreessen has shown confidence in Trump’s evolving stance on crypto and believes he’ll be a stronger ally for the industry.
4. Tim Draper: Supporting Both Trump and Harris
- Net Worth: $2 billion
- Contributions: Draper, a well-known venture capitalist, has donated to both Trump and Harris, stating he’s given “roughly equal amounts” to each campaign.
- Reason: Draper is hopeful about either candidate winning and believes both could take positive steps for the crypto world.
5. Elon Musk: A Major Trump Supporter
- Net Worth: $245.9 billion
- Contributions: Tesla CEO Elon Musk has become a vocal supporter of Trump, donating about $75 million to a super PAC backing his campaign. While Musk has shared mixed opinions on cryptocurrency, he has spoken positively about digital assets, and his statements have caused significant market shifts in the past.
- Reason: Musk sees Donald as a strong contender and his financial support shows his confidence in Trump’s ability to lead.
Bonus Fact:
Former crypto billionaire Sam Bankman-Fried reportedly considered offering Trump $5 billion to stay out of the race, though this deal never materialized.
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