Trump Eyeing Bitcoin 2024 Speech as Election Nears: Report

Trump Eyeing Bitcoin 2024 Speech as Election Nears: Report

As the 2024 U.S. presidential election draws closer, former President Donald Trump is reportedly seeking to solidify support from the crypto community. According to Axios, Trump is in discussions to speak at the Bitcoin 2024 convention, scheduled to take place from July 25th to 27th in Nashville, Tennessee. This development was reported on Monday, based on information from two sources familiar with the matter.

Trump’s Evolving Crypto-Friendly Stance

Bitcoin 2024, organized by Bitcoin Magazine, is anticipated to be the largest Bitcoin event of the year, occurring right after the Republican National Convention. This event holds significant potential for Trump to make a substantial statement regarding his stance on Bitcoin and cryptocurrency. The Bitcoin 2020 event in Miami was notably where El Salvador announced its decision to adopt Bitcoin as legal tender, highlighting the event’s influence.

Trump’s consideration of speaking at Bitcoin 2024 aligns with his increasingly positive perception within the crypto industry. This shift in stance contrasts with the current administration, which many in the industry view as less supportive of cryptocurrency. Earlier this month, Trump met with leading Bitcoin miners in the U.S., emphasizing that all remaining Bitcoin should be mined domestically.

During a recent rally, Trump declared, “I will end Joe Biden’s war on crypto. We will ensure that the future of crypto and the future of Bitcoin will be made in America.”

Crypto Donations Fueling Trump’s Campaign

Trump’s pro-crypto rhetoric has resonated within the industry, leading to significant on-chain donations for his campaign. The Winklevoss twins, founders of the Gemini crypto exchange, recently contributed $2 million to his campaign. Prior to this, data from Breadcrumbs indicated that Trump’s campaign had received approximately $60,000 in on-chain crypto donations.

Currently, total on-chain donations stand at around $1,749,200. This figure is expected to rise as contributions made off-chain via exchanges are accounted for.

In summary, Trump’s potential appearance at Bitcoin 2024 and his favorable stance on cryptocurrency reflect his strategic efforts to garner support from the crypto community as the 2024 election approaches. This evolving relationship between Trump and the crypto industry highlights the growing political significance of digital currencies in the U.S.

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