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Trump's New Policy and Web3: The Capital Power Struggle Led by Peter Thiel
The Battle of Old and New Capital: Cryptocurrencies and the Game of Power in the Era of Trump
After Trump returns to the White House, the interaction between Crypto Assets and the Web3 field with real-world politics has clearly entered a new phase. In addition to some openly friendly figures who may be appointed to key positions, some important behind-the-scenes individuals will also play a decisive role in the future, including Peter Thiel.
Peter Thiel is often associated with his status as a tech investor and entrepreneur, but his low-key but highly influential involvement in politics cannot be overlooked. If a well-known tech entrepreneur is the protagonist of this political drama, Peter Thiel is more like a master strategist behind the scenes. His influence is ubiquitous, and it is likely to affect the status and decision-making participation of technology capital in American and global politics for a long time to come.
Peter Thiel: Political and Capital Force Behind J.D. Vance
In a 2011 speech at Yale Law School, Peter Thiel criticized society's blind adherence to traditional career paths, emphasizing that technological innovation should solve real problems rather than pursue superficial prosperity. This remark deeply touched the student J.D. Vance who was present at the time, and prompted him to rethink his career plan.
Under the influence of Peter Thiel, J.D. Vance gave up his traditional legal career and joined Peter Thiel's venture capital firm and began to venture into the field of venture capital. During this time, J.D. Vance wrote his memoir, The Sorrow of a Redneck, detailing his upbringing in a working-class family in Ohio.
The book quickly became a bestseller after its publication in 2016, and is considered to reveal the mindset of Trump supporters, including Rust Belt workers, social conservatives, and the anti-globalization middle class.
Interestingly, J.D. Vance's writings, now Trump's deputy, attracted a lot of attention at the time and made him stand out in politics. But he was initially critical of Trump, but through Peter Thiel's introduction, J.D. Vance gradually became associated with Trump.
Peter Thiel not only arranged a meeting between the two, but also worked for J.D. Vance's political career provided important support. He donated $15 million to the super PAC that supported J.D. Vance, at one point setting a record for the largest donation to a single Senate candidate.
It was also with the support of Peter Thiel that J.D. Vance was successfully elected as a senator from Ohio in 2022, and in 2024, Trump announced J.D. Vance as his running mate for the vice presidential campaign. This reflects Peter Thiel's key role in shaping J.D. Vance's political career, as well as the influence of certain conservative forces in Silicon Valley within American politics.
However, this is not just a power struggle story of one person, but a structural shock and interest game within the entire capitalist system.
Capital Power Reshuffle: The Showdown Between Emerging Capital and Traditional Capital
Overall, this year's U.S. presidential election seems more like the prelude to a power reshuffle within capitalism. The emerging capital represented by the new tech elites of Silicon Valley is challenging the traditional capital represented by Wall Street, or more accurately, competing for greater discourse power and the right to profit distribution.
The rise of the new elites in Silicon Valley is not accidental. Over the past decade, emerging fields represented by artificial intelligence and Crypto Assets have become the engines of economic growth. These emerging industries emphasize efficiency, innovation, and decentralization, calling for "less regulation" as a common demand. From Web3 to artificial intelligence, "decentralization" and "liberalization" have become their core narratives, and this vision is simple yet appealing: higher technological efficiency, more capital flow, and possibly even redefining the rules of wealth creation.
! The collision of old and new money behind the 'Trump deal', the power game of Peter Thiel and Crypto
This easily evokes the contradictions between the BRICS countries and the existing international governance structure. However, as the main beneficiaries of the international trade system, BRICS countries seek to achieve redistribution within the rules rather than completely overturning the existing order. This gradual "reform" path is, to some extent, a challenge to stability.
On the other hand, the demands of Silicon Valley's upstarts are quite different. They don't want to fight for a fairer distribution of resources under the existing rules, but rather try to reshape the rules themselves. For example, they want to promote "less regulated" capitalism with "efficiency" at its core. As a result, for these emerging powers, regulation and rules mean constraints, hindering free innovation and the expansion of technological boundaries.
But the problem is that this path of liberalization and deregulation will inevitably further strengthen the advantageous position of tech giants and capital giants. Technologies such as artificial intelligence and Crypto Assets will concentrate wealth more efficiently, accelerating the widening gap between the rich and the poor, while also further marginalizing the interests of traditional industrial workers, who are part of Trump's base.
This inherent contradiction may become the deep-seated driving force for the tearing apart of American society in the future.
The Balance of Old and New Forces: Key Choices for the Future
From a longer-term perspective, whether the American political and economic system can find a balance between emerging capital and traditional capital in the next four years, or even longer, will directly determine the final direction of this power reshuffle.
For traditional capital, they need to be more flexible to adapt to the social changes brought about by new technologies, but at the same time defend their central position in rule-making. And for emerging capital, they need to convince the wider society of the redistributive costs of wealth that come with technological expansion.
The outcome of this struggle will not only affect the political and economic landscape of the United States, but will also have far-reaching implications for the future of global capitalism. This is perhaps also a microcosm of the transformation of global capitalism. In short, a new era of more globalized and technology-driven capital is looming, and the key to it is how to redefine the distribution of power, resources, and rules.
Crypto Assets and artificial intelligence will undoubtedly be the main battlegrounds. The entire crypto assets field is both a symbol of so-called decentralized finance and capital liberalization, as well as a key lever for Silicon Valley tech capital to counter traditional finance and reshape the rules.
It is precisely for this reason that the future is full of opportunities. Whether it is artificial intelligence, Crypto Assets, or other emerging fields, their core narratives remain attractive: freedom, efficiency, innovation. This process will also test whether all parties can find a compromise point amid conflicting interests.
From "Trump trading" to Peter Thiel's behind-the-scenes layout, what we see is not just an election, but a contest over the future rules. This is destined to be a profound struggle over resources, power, and rules.