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Saylor shares false Trump crypto quote amid election buzz

Saylor shares false Trump crypto quote amid election buzz

GrafaGrafa2024/10/31 10:00
By:Isaac Francis

With the U.S. Election Day nearing, misinformation about candidates’ policies is circulating widely on social media. 

Michael Saylor, executive chairman of MicroStrategy, inadvertently spread a false quote attributed to Donald Trump regarding cryptocurrency tax policies. 

In an October 30 post to his 3.6 million followers on X (formerly Twitter), Saylor claimed that Trump stated, “Crypto shouldn’t be taxed” and “Bitcoin is money.” 

The quote appears to have originated from the X account Basedkarbon, which falsely asserted that Trump made these remarks during a recent interview. 

The unverified statement quickly spread, being shared by several influential accounts like Good Morning Crypto and Bitcoin Archive, which led many to believe it was authentic. 

Reacting to the spread of the quote, Basedkarbon remarked, “The only reason things are true is because someone says something is true. The entire world is just people saying things and making them true.” 

This comment highlights how misinformation can gain credibility through social media amplification. 

The false quote gained traction partly because Trump’s recent interviews with Joe Rogan and Sean Hannity focused on tax policies, where he discussed eliminating federal income tax but did not mention digital assets. 

Despite claims circulating online, there were no verified statements from Trump about changing crypto tax laws. 

Saylor and the Trump campaign were both approached for clarification but did not respond at the time of writing. 

The spread of misinformation surrounding crypto policies comes at a critical time when economic issues, like inflation, are key voter concerns. 

According to legal experts, crypto could be an essential issue for voters who see it as a hedge against inflation. 

Both Trump and Vice President Kamala Harris have hinted at supporting the crypto industry if elected, making these policy discussions even more relevant.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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