Donald Trump has, over the last couple of years, changed his stance publicly on how he feels about crytpo. While in office, Trump and his secretary of Treasury Mnuchin attempted to ban self custody of bitcoin and Trump was generally hostile to bitcoin stating that he likes the dollar instead and privately told Mnuchin to "kill it" referring to bitcoin.
However, he has publicly stated that he now is in favor of crypto broadly, whether it is because of the millions of dollars he received from the industry, because he needs the voters, or because someone genuinely changed his mind. In my opinion, most politicians and Trump in particular, are transactional beings who say what they need to say and do what they need to do to get and stay in power.
When listening to Trump's speech at Bitcoin 2024, I was struck by how he seemed to be genuinely surprised a couple of times while reading off the teleprompter. It seemed like he had not prepped for this speech and was reading/hearing these things for the first time which implies someone (likely Vivek Ramaswamy) wrote the speech for him. That in of itself is no problem, but generally implies no genuine appreciation of Bitcoin (well, crypto as he said dozens of times, not bitcoin) and rather the transactional I am here giving this speech to get your votes.
Additionally, Vivek later spoke, and he also used 'crypto' language dramatically more than Bitcoin. He is someone who seems to have at least some understanding of the industry so, unlike Trump, we can assign meaning to his word choice. Knowing he will likely play a part of a potential Trump administration, his beliefs on bitcoin, crypto, etc... are quite meaningful.
All of this leading to the point that Bitcoin doesn't need politicians. It is distributed, it cannot be shut down by regulators (although on/off ramps can), it cannot be censored (although some mining pools can and do censor transactions). Crypto more broadly is mostly a cesspool of bullshit. Many of these shitcoins that do attempt to actually do something useful (perhaps eth or sol) are clearly unregistered securities per the Howey test.
These shitcoins will greatly benefit from a Trump administration. They will not be deemed unregistered securities, which they are. They will all be allowed to have ETFs. At a time when Fortune 500 companies and nation states are considering dipping their toes in the water, there will be confusion over whether to buy the market leader (bitcoin) or buy a basket of cryptos (which Blackrock/Fidelity/etc... will provide via a "diversified crytpo ETF").
These passive money flows will go into the "crypto ecosystem" instead of into the only thing of value that really exists here, which is Bitcoin. Crypto needs Trump to survive and thrive. NFT jpg grifts need Trump to survive and thrive. Bitcoin does not need Trump and I believe may in fact be better served by not having Trump proliferate the bullshit in the industry and cause mass confusion to the newbs (with tons of money) who will be entering over the next 12-24 months.