Saylor shares false Trump crypto quote amid election buzz
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.
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.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








