💥💥💥 #donaldtrump #mememcoin 500,000x as Former President Joins Bitcoin 2024 Conference
Major Bitcoin Event Set for Nashville with Trump Headlining
The #bitcoin☀️ community is abuzz with excitement as the largest Bitcoin gathering of the year approaches. Scheduled for July 25-27 in Nashville, Tennessee, this event will bring together Bitcoin enthusiasts and industry leaders from around the world.
Former President Donald Trump, the leading Republican presidential nominee, is set to speak at the event on July 27. Alongside Trump, other U.S. politicians including presidential candidate Robert F. Kennedy Jr. and former candidate Vivek Ramaswamy will also be addressing attendees.
Trump’s involvement has significantly impacted the market for Trump-related meme coins. The newly launched #trumpcoin (DJT) has surged by nearly 50,000,000% in under three hours, reaching a market capitalization of $143.1 million. Another meme coin, Satoshi Trump (MBGA), has experienced a remarkable increase of over 7,900%, with its market cap climbing to $2.8 million.
Trump's engagement with the Bitcoin community has been notable. Last month, he met with leading Bitcoin miners and highlighted the significance of Bitcoin mining in the U.S. on his Truth Social platform. His stance has sparked debate within the industry, with some arguing that focusing Bitcoin mining within the U.S. could compromise its decentralized nature and expose it to jurisdictional risks and attacks.
In addition to his Bitcoin activities, Trump has embraced cryptocurrencies in his political campaign, beginning to accept crypto donations in May. His crypto-friendly approach has garnered support from influential figures in the industry, such as Gemini founders Cameron and Tyler Winklevoss.
Trump’s rising support among crypto enthusiasts is reflected in election forecasts, with Polymarket giving him a 62% chance of winning in November, compared to just 12% for President Biden.
Source - beincrypto.com
