Today, the official Bitcoin conference announced that US Republican presidential candidate Donald Trump has confirmed his attendance at the Bitcoin conference in Nashville, Tennessee. It is expected that on the last day of the conference, he will deliver a 30-minute speech.
In the context of the upcoming US presidential election, former President Trump has been actively reaching out to the young Web3 voting population. In addition to accepting Bitcoin as political donations, he has been openly praising Bitcoin and promising to end Joe Biden’s war on cryptocurrencies if elected, ensuring the future of cryptocurrencies and Bitcoin “made by America.”
Today, the Bitcoin conference officials confirmed that Donald Trump will attend 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 27th. The Bitcoin conference will take place from July 25th to 27th.
It is understood that the 2021 Bitcoin conference gained global attention when Salvadoran President Nayib Bukele announced Bitcoin as legal tender. Subsequently, another US presidential candidate, Robert Francis Kennedy, made a powerful speech in support of the Bitcoin industry at Bitcoin 2023, becoming another focus.
In 2024, other politicians who will be speakers at the conference include entrepreneur Vivek Ramaswamy, who dropped out of the Republican primary earlier this year but is highly supportive of cryptocurrencies, as well as Republican senators Bill Hagerty and Marsha Blackburn, and business figures such as Cathie Wood, CEO of Ark Invest, and Michael Saylor, Chairman of MicroStrategy, a major Bitcoin holder, and others.
According to The Street, Trump’s attendance at the Bitcoin conference is a breakthrough development that reflects the significant changes in the cryptocurrency political landscape. Scott Melker, 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, even calling it a scam, and insisted on the supremacy of the US dollar. However, his attitude towards cryptocurrencies has made a 180-degree turn in the past two years. He not only emphasized supporting people’s self-custody of digital assets but also met with major Bitcoin miners last month, including representatives from CleanSpark and Riot Platforms, and promised to support Bitcoin mining on a global stage and in Washington, D.C., 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 Bitcoin 2024 conference will undoubtedly have a significant impact on Biden’s campaign. By actively supporting Bitcoin and cryptocurrencies, Trump positions himself as the “Cryptocurrency President.” In contrast, although the Biden administration seems to have softened its rhetoric on cryptocurrencies recently, it may need to offer more friendly cryptocurrency policies to not fall behind in this competition.
Although the price of the TRUMP token has been continuously declining since the presidential debate at the end of last month, with a decrease of over 50% in the past month, the current price of $6.2 has risen by 30% from the low point of $4.2 last week.
It remains to be seen whether Trump’s attendance at the Bitcoin conference at the end of this month will cause significant fluctuations in TRUMP’s price. It is important to note that this meme token is highly volatile, so caution is advised before investing. This article does not constitute investment advice.