People following the 2024 elections are surely aware of tech billionaire Chamath Palihapitiya’s support for Republican candidate Donald Trump. In fact, he held a fundraising event in San Francisco hosted by Craft Ventures general partner David Sacks that helped Trump raise $12 million to support his promotional efforts ahead of the Nov. 5 U.S. presidential election.

However, things weren’t always like that. In fact, Palihapitiya recently revealed on the Joe Rogan Experience that he believed Donald Trump lied to him and the country. But why did he feel so? Well, according to the tech billionaire, it was all because of the media’s portrayal of the former POTUS. This surely was an issue that he and JRE host Joe Rogan felt the need to address in episode #2206 of the show.

On the podcast, Rogan revealed that he believes the media distorts everyone’s perspective towards Donald Trump through wrongful portrayal. “The thing that distorts everyone’s vision is Donald Trump as a human being. That’s the thing. It’s also the media’s depiction of him, which has been grossly distorted.” The billionaire agreed to this statement and revealed that when he met Trump, the former President was “totally different” than expected. He also added that the media is unable to portray the true charm of the Republican candidate.

“And I think the core part of where the media goes crazy, I’m guessing, is that there’s a part of him as well that’s like an entertainer. I mean, he’s as good as any comedian. He’s on point; he’s got rhythm; he knows how to land. So there’s a thing that he’s doing when he’s on stage, which for the audience, I think, is no different than going to a show or a revival or something. You’re seeing a star.” This was something Joe Rogan agreed to. Rogan chimed in by claiming on his podcast that this misrepresentation is only harming the media outlets and their credibility, as people keep losing their trust in them. Maybe that is why Kamala Harris is gearing up to make an appearance on his podcast now.

Well, it surely looks like Trump is gaining massive support from the tycoons in Silicon Valley. And why wouldn’t he? After all, he is gearing up to be the first “Crypto president” that the United States has ever had. But what’s a “Crypto president,” you ask? Well, it is a term Trump gave himself as he tried to win the support of the people in the tech industry like Chamath Palihapitiya.

Donald Trump shows support for cryptocurrency

Former U.S. President Donald Trump stepped up his defense of cryptocurrencies as part of his 2024 presidential campaign, proclaiming his goal of becoming the “crypto president.” Trump reportedly declared that he would be the crypto president. Trump also reiterated his support for cryptocurrencies and his plans to boost the industry, while signaling the Democratic Party’s intention to take the opposite approach with strict regulations, which the U.S. crypto industry commonly refers to as regulation through enforcement.

The claim followed Biden’s crypto decision to veto a resolution that would have overturned the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin No. 121 rule that requires institutions holding cryptocurrency to record it as a liability on their balance sheets. Since then, Trump has been trying hard to win the support of the tech billionaires. He even took to his own social media platform to share his support for the tech currency. “Our country must be the leader in the field; there is no second place,” Trump declared in a May 25 post on Truth Social.

Several billionaires such as Palihapitiya are known for their passion for “SPACs,” a type of legal vehicle that allows companies to go public more easily. This practice was abandoned after the U.S. Federal Reserve raised rates, which choked off the venture capital sector. So it is no surprise that Marc Andreessen and Ben Horowitz, head of one of the largest investment funds in the region, also support Trump. Crypto millionaires Cameron Winklevoss and Tyler Winklevoss were also present at the aforementioned fundraiser and Winklevoss even promised that Trump would end the war on cryptocurrencies. But what do you think? Will Trump be able to win all their votes? Let us know in the comments.