Former US President Donald Trump is reportedly in discussions with Bitcoin Conference organizers to speak at the upcoming conference. The event, scheduled for July 25-27, is billed as one of the world’s largest gatherings of Bitcoin advocates.
Meanwhile, Trump won’t be the only politician taking the stage. Independent Presidential candidate Robert F. Kennedy Jr. will also speak at the event. Additionally, former Republican Presidential candidate Vivek Ramaswamy and Senators Bill Hagerty and Marsha Blackburn will address the audience.
Trump attracts voters to support cryptocurrencies
Market analysts say the Bitcoin Conference could provide an opportunity for Trump to highlight his advances with pro-crypto voters. The Bitcoin conference attracts thousands of people each year, with attendance peaking at 35,000 in 2022.
The upcoming event may have the highest number of attendees due to more mainstream interest and is gradually becoming an important political issue. This will allow Trump to outline his support for crypto and further discuss his plans for the emerging sector.
However, neither Trump nor the event organizers have confirmed his attendance or speaking role, but it won’t be difficult for the Presidential candidate to get a speaking spot. The conference organizer is Bitcoin Magazine, a media outlet led by CEO David Bailey that played a key role in Trump’s pro-cryptocurrency campaign.
Trump won the election What will it mean for cryptocurrencies?
Some analysts have predicted a Trump victory in the 2024 Presidential election could increase digital currency prices. According to analysts at Bernstein, cryptocurrency will become the top “Trump Trade” this election cycle, as it brings various benefits to the Republican party. They wrote:
“The Republican Party sees crypto not only as a source of voter support but also as a meaningful source of funding. If electoral sentiment changes to be more Republican, then crypto will become the main “Trump trade” and hopes for a favorable regulatory regime will change the blockchain use case narrative.”
However, some industry stakeholders have warned Trump’s support for cryptocurrencies is just an attempt to attract more votes, as he may change his stance after being elected. According to data According to PolitiFact, Trump only kept 23% of his campaign promises during his first term in office.
Trump’s first term promises | Source: PolitiFact
Considering this, investment firm TD Cowen said the best way to determine the future of cryptocurrency under the Trump administration is to listen to what he said during the first Presidential debate. Trump and Biden will face off in the first Presidential debate for the election on June 27, and many expect cryptocurrency to be an important topic of discussion at the event.
Minh Anh
According to Cryptopolitan
