The president’s campaign strategy for the 2024 election included a focus on cryptocurrencies to engage young men. This demographic has been moving away from the Republican Party in recent midterm elections. On October 1, 2026, Donald Trump, then a presidential candidate, spoke at a bitcoin conference held in Nashville.

Donald Trump speaks at the 2024 bitcoin conference. Photo credit: Mark Humphrey/AP

Carl Runefelt, widely known as ‘the Moon,’ is a popular cryptocurrency streamer with 2.2 million TikTok followers. Despite his lack of interest in politics, he felt enthusiastic when he first heard a prominent political figure discuss bitcoin on a global platform. To celebrate the emergence of the first pro-crypto U.S. president, he purchased additional bitcoin and also bought some of the president’s personal token.