The $5 Billion Question: Would Trump Exit the Presidential Race?

The now infamous crypto developer Sam Bankman-Fried (often referred to by his initials, SBF) reportedly asked Trump how much money he’d need to drop out of the 2024 presidential campaign.

According to 60 Minutes, it seems that at some point the number that came back was: “$5 billion.”

It’s not clear if that number was from Trump himself or from his campaign (or a different source altogether). Was this offer something Trump took seriously? I’m not sure if we’ll ever know. But the point remains — SBF made a genuine attempt to pay Trump not to run, and to some extent that message was at least received. 

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Would Trump Quit the Presidential Race for $5 Billion?

I’m personally opposed to how much influence money has on politics — I’m sure that you likely are as well. The last thing we need in this fractured political landscape is more money trying to sway the balance of power.

But there’s another point in here as well. A much bigger, and more serious one: and that’s the concept of money and power itself in the age of crypto.

What made SBF so influential was the fact that he was using a nimble new system of wealth that was fast, borderless, and broad.

And while his unchecked and unverified use of that system led to his undoing, it was a reminder that this brave new world of crypto is not inconsequential.

One of my favorite things about crypto is its potential to rebalance how the world works. I’m not so naive to think it’s all going off without major problems (just look at SBF, after all). But I do remain optimistic about its decentralized shift away from a banking system that prioritizes the wealthy, a political system that favors entrenchment, and a judicial system that favors whoever has lawyers and judges on their side.

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Crypto is also inevitable. While regulation will certainly determine how it functions and interacts in our society (and I welcome healthy regulations, let’s hope that’s what we get), it’s already rewiring the machinery of wealth and power.

The early world of crypto has rewarded the developers, explorers, and early adopters. I personally made 6-figure returns during the last crypto boom. My colleague Chris Curl did the same (and then some! Many of Chris’ returns were over 20,000%+).

In the same way computers, the internet, and mobile technology all led to massive shifts in money and influence — rewarding technocrats like Bill Gates, Elon Musk, and Jeff Bezos — crypto is going to rebalance the world order.

As I said, I remain an optimist about some of its benefits. But in equal measure, I’m a realist about how its disruption will play out.

I want to use my knowledge to protect myself from its negative impacts and benefit from its positive forces. In the same way I used my love of technology to keep myself ahead of the curve during the early days of the internet, dodging obsolescence and embracing change, I’m doing it again for crypto. My goal is to turn disruption into opportunity — and this is your chance to do the same.

Next week, on Thursday the 26th, my colleague Chris Curl will release a must-read series on crypto investing. It will bring you up to speed on why crypto is so powerful (and so lucrative) — and how you can make the most of its potential as an investor. It’ll show you everything you need to thrive in the disruptive future that’s in front of us.

I hope you’ll join me in seizing the moment. More details to follow.

John Carl

John Carl
Editor, Daily Profit Cycle