Trump in Discussions to Address Bitcoin 2024 Event in July, According to Report
Former President Trump is making moves to solidify support from the crypto community as the 2024 U.S. election approaches. Reports from Axios indicate that Trump is in discussions to speak at the Bitcoin 2024 convention scheduled for July 25th – 27th, 2024, in Nashville, Tennessee, a potentially strategic move to engage with this key demographic.
The Bitcoin 2024 event, hosted by Bitcoin Magazine, is a prominent gathering within the BTC community, coinciding with the conclusion of the Republican National Convention. The significance of this event was underscored by El Salvador’s announcement of adopting Bitcoin as legal tender during the Bitcoin 2020 conference in Miami.
Trump’s potential appearance at the Bitcoin 2024 convention could provide a platform for him to articulate his stance on Bitcoin, which has been increasingly viewed as favorable within the crypto industry. Contrasted with President Biden’s approach, Trump’s alignment with crypto has garnered support, positioning him as a proponent of the industry.
Recent interactions with key figures in the Bitcoin mining sector in the U.S. have further solidified Trump’s position as a supporter of crypto. Following a meeting with leading Bitcoin miners, Trump emphasized the importance of domestic Bitcoin mining, stating his commitment to ensuring that the future of crypto, particularly Bitcoin, is rooted in American initiatives.
At a recent rally, Trump declared his intention to halt what he referred to as “Joe Biden’s war on crypto,” pledging to promote the development and innovation of crypto, particularly Bitcoin, within the United States.
Trump’s favorable disposition towards crypto has resonated within the industry, leading to on-chain donations to his campaign. Notably, the founders of Gemini crypto exchange, Tyler and Cameron Winklevoss, recently contributed $2 million to Trump’s campaign, although the exact amount donated in crypto remains undisclosed.
Data from Breadcrumbs indicates that Trump’s campaign had received approximately $60,000 in on-chain crypto donations prior to the Winklevoss’ substantial contribution. Total on-chain donations currently amount to around $1,749,200, with the potential for additional off-chain contributions via exchanges, which could further boost this figure.
Trump’s engagement with the crypto community and his alignment with the industry’s interests have positioned him as a prominent figure within the crypto space, potentially shaping the narrative around crypto policies and initiatives in the lead-up to the 2024 election.
