With four months to go before the U.S. presidential election, former President Trump has also continued to actively attract young votes from Web3. In addition to accepting Bitcoin as political donations, he has also frequently publicly praised Bitcoin, promising that if he wins the election, he will end Biden’s war on cryptocurrency and ensure that the future of cryptocurrency and the future of Bitcoin “are created by the United States.”
Trump to attend 2024 Bitcoin conference
Just today (11), the Bitcoin Conference officially announced that the Republican presidential candidate Trump has confirmed his attendance at the Bitcoin Conference in Nashville, Tennessee. A spokesperson for the conference told CoinDesk that Trump will deliver a 30-minute speech on July 27, the last day of the conference. The Bitcoin Conference will be held from July 25 to 27.
It is understood that the 2021 Bitcoin Conference became the global focus because Salvadoran President Nayib Bukele announced that Bitcoin became legal tender. Later, another US presidential candidate Robert Francis Kennedy delivered a powerful speech in support of the Bitcoin industry at Bitcoin 2023, becoming another focus.
In 2024, other politicians who will be guest speakers include Vivek Ramaswamy, an entrepreneur who withdrew from the Republican primary at the beginning of the year and is very supportive of cryptocurrency, as well as Republican Senators Bill Hagerty and Marsha Blackburn, entrepreneurs including Ark Invest CEO Cathie Wood, and MicroStrategy, the executive chairman of BTC holding company MicroStrategy, Michael Saylor… and so on.
Foreign media speculate: It may be for political fundraising
According to The Street, Trump’s attendance at the Bitcoin conference is a groundbreaking development that reflects a huge change in the cryptocurrency political landscape, and Scott Melker, host of The Wolf of All Streets Podcast, hinted that the appearance could be a fundraiser or keynote speech.
Looking back, Trump originally disdained Bitcoin, even calling it a scam and insisting on the supremacy of the U.S. dollar. However, in the past two years, his attitude towards cryptocurrency has undergone a 180-degree turn. He not only emphasized that he would support the people’s right to self-custody of digital assets.
Last month, Trump met with representatives of major U.S. Bitcoin miners, including Clean Spark and Riot Platforms, and pledged to support Bitcoin mining on the global stage and in Washington, D.C., and actively promote Bitcoin mining and related businesses to remain in the United States to achieve “Made in the USA.”
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 cryptocurrency, positioning himself as the “cryptocurrency president.” Compared with the Biden administration, although it seems to have softened its remarks on cryptocurrencies recently, in order not to fall behind in this competition, the Biden administration may need to come up with more and friendlier cryptocurrency policies.
Trump Meme Coin TRUMP Recent Trends
Although the price of TRUMP tokens has continued to fall since the presidential debate at the end of last month, with a drop of more than 50% in the past month, the current price of $6.2 has also increased by 30% from last week’s low of $4.2.
It will take time to see whether attending the Bitcoin conference at the end of this month will cause TRUMP to fluctuate significantly. Please be careful before investing in this Meme coin as it fluctuates drastically. This article does not constitute investment advice.
