As former President #donaldtrump prepares to deliver the keynote speech at the 2024 Bitcoin Conference in Nashville, Tennessee, excitement is running high in the crypto world. However, this historic moment marks the first time a US presidential candidate has spoken at the 2024 Bitcoin Conference.
As Bitcoin Price recovers from recent losses, investors are eager to hear what former US President Donald Trump has to say at the Bitcoin 2024 conference.
Keynote at the 2024 Bitcoin conference
As a US presidential candidate, Donald Trump, who is known for his pro-crypto stance, received significant support from the crypto community, raising over $6 million la from Political Action Committees (PACs) and crypto-related donors.
There is speculation that Trump could use the platform to push the #US government to adopt Bitcoin as a “strategic reserve” asset, similar to foreign currency or oil. Meanwhile, in a previous statement, Trump expressed his desire for Bitcoin (BTC) to be mined in the US, a topic he may discuss again in his speech.
Additionally, he could use the opportunity to criticize Vice President Kamala Harris, his likely rival, for declining an invitation to attend the conference.
Bitcoin's Road to $73,777
Trump's upcoming speech has affected the Bitcoin market, as BTC trades in the green with prices fluctuating around $68,818. However, analysts at QCP Capital have noted a “Trump effect” on Bitcoin, with the options market showing real volume doubling as investors expect more profits on the upside. before.
Even so, Bitcoin is currently in an uptrend, forming higher highs and higher lows after the correction in early July. Perhaps analysts predict that Bitcoin could increase the gain by 5, 52%, aiming for a target of 71,997 USD, just near the 72,000 USD mark.
However, it may face some challenges at a price of around $69,582 and $70,117. If the rally continues, Bitcoin could reach a record high of $73,777.
