Conservatives and libertarians have always had a soft spot for blockchain technology and cryptocurrencies, but the American right had never officially addressed its love affair with the asset class… until now. In an effort to win over thousands of single-issue, crypto-conscious voters, the Republican Party is embracing crypto — and pushing prices up in the process.

• Last week, the Bitcoin Conference announced that Republican presidential candidate Donald Trump would be its headline speaker — sending Bitcoin prices up 11%.
• Compounding the bullish news, Trump selected Ohio Senator JD Vance as his running mate this week — adding an enthusiastic, pro-crypto candidate to the Republican ticket.

Taking the orange pill: The Republican Party’s support of crypto comes weeks after the defunct Mt. Gox crypto exchange announced it would begin repaying $9B worth of bitcoin to creditors. Investors feared this would weigh on prices — prompting a month-long decline in the world’s largest cryptocurrency and prices as low as $55K. But with the seemingly unstoppable Trump on their side, plus the anticipated approval of new Ethereum ETFs in the cards, digital gold might start to look like a golden opportunity again.