Today (11), the official Bitcoin conference announced that Republican presidential candidate Donald Trump has confirmed his participation in the Bitcoin conference held in Nashville, Tennessee. It is expected that on the last day of the conference, he will deliver a 30-minute speech.
Summary:
Why does Biden insist on not withdrawing from the election? The latest polls show that she is the only candidate who can defeat Trump.
Background:
Trump: Abolish “Bidenomics” on the first day of office, safeguard cryptocurrency and the American Dream with MAGA.
Table of Contents:
Trump to attend the 2024 Bitcoin Conference
Foreign media speculates: possibly for political fundraising
Recent trends of TRUMP meme coin
With only four months left until the US presidential election, former President Trump has been actively attracting the young Web3 voters. In addition to accepting Bitcoin as political donations, he has also frequently praised Bitcoin, pledging to end Biden’s war on cryptocurrencies and ensure the future of cryptocurrencies and Bitcoin “created by the United States” after his victory.
Today (11), the official Bitcoin conference announced that Republican presidential candidate Donald Trump has confirmed his participation in the Bitcoin conference held in Nashville, Tennessee. The conference spokesperson revealed to CoinDesk that Trump will deliver a 30-minute speech on the last day of the conference, which is July 27. The Bitcoin conference will be held from July 25 to 27.
It is understood that the 2021 Bitcoin conference became a global focus when Salvadoran President Nayib Bukele announced Bitcoin as legal tender. Subsequently, another US presidential candidate, Robert Francis Kennedy, delivered a powerful speech supporting the Bitcoin industry at Bitcoin 2023, becoming another focus.
In 2024, other politicians who will be guest speakers at the conference include entrepreneur Vivek Ramaswamy, who withdrew from the Republican primary and strongly supports cryptocurrency, as well as Republican Senators Bill Hagerty and Marsha Blackburn, entrepreneur Cathie Wood, CEO of Ark Invest, and Michael Saylor, CEO of MicroStrategy, the largest Bitcoin holder, among others.
According to The Street, Trump’s attendance at the Bitcoin conference is a breakthrough and reflects the significant changes in the political landscape of cryptocurrencies. Scott Melker, the host of The Wolf of All Streets Podcast, hinted that this attendance may be a fundraising event or a keynote speech.
Looking back, Trump originally dismissed Bitcoin and even called it a scam, insisting on a position that prioritized the US dollar. However, his attitude towards cryptocurrencies has made a complete 180-degree turn in the past two years. He not only emphasizes supporting people’s self-custody of digital assets but also met with major Bitcoin miners last month, including representatives from companies such as CleanSpark and Riot Platforms. He promised to support Bitcoin mining on the global stage and in Washington, DC, actively promoting Bitcoin mining and related businesses to stay in the United States to achieve “Made in America.”
Looking ahead to the November election, Trump’s participation in the Bitcoin 2024 conference will undoubtedly have a significant impact on Biden’s campaign. Trump actively supports Bitcoin and cryptocurrencies, positioning himself as the “Cryptocurrency President.” In contrast, although the Biden administration seems to have softened its rhetoric on cryptocurrencies recently, it may need to present more friendly cryptocurrency policies in order to not fall behind in this competition.
Although the price of the TRUMP token has continued to decline since the presidential debate at the end of last month, with a price drop of over 50% in the past month, it has risen 30% from its low point of $4.2 last week to $6.2 currently.
Whether attending the Bitcoin conference at the end of this month will cause significant volatility for TRUMP remains to be seen. It is important to note that this meme coin is highly volatile, so caution is advised before investing. This article does not constitute investment advice.