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Donald J. Trump and JD Vance hold campaign rally in Georgia, Atlanta, USA - 03 Aug 2024

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This move, some experts argued, could have wide-ranging implications for your wallet.

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Maybe well pay off our $35 trillion, hand them a little crypto check, right?

Many detractors were quick to respond.

Also, would Trump really be the crypto president, if elected?

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That said, they also argued that Trump is right about the importance of bitcoin.

It Hurts Crypto Prices

On the other hand, bitcoin and other cryptos plummeted following Trumps remarks.

Hodgins also noted that tax laws around cryptocurrency might also change, affecting how your holdings are taxed.

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