According to the latest news, former US President Donald Trump has confirmed that he will attend the "Bitcoin 2024" conference to be held in Nashville, Tennessee. In response to this news, a wave of heated discussions has been set off in the cryptocurrency industry and political circles.
The news of Trump's attendance at the Bitcoin conference caused the price of Trump-related cryptocurrencies to surge. According to statistics, since the news was exposed, the price of the cryptocurrency "TrumpCoin" related to it has soared by 55% in just a few days, and other Trump-inspired meme coins have risen by nearly 20%, which shows the market's high expectations for Trump's participation in the cryptocurrency ecosystem.
The Bitcoin 2024 conference, one of the world's largest gatherings of bitcoin enthusiasts and industry leaders, will be held from July 25 to 27. Organizers said Trump, a "very special guest," will give a 30-minute speech starting at 2 p.m. (Central Time) on the final day of the conference, July 27.
In addition, other American politicians will also speak at the 2024 Bitcoin Summit, including presidential candidate Robert F. Kennedy Jr., former presidential candidate Vivek Ramaswamy, and Republican Senators Bill Hagerty and Marsha Blackburn. However, as a political giant, Trump is undoubtedly the main "headliner" of this cryptocurrency event.
By then, this top event in the crypto industry will bring huge exposure and influence to Trump. It is reported that Trump is ready to explain his new understanding of cryptocurrencies and share his views on regulatory policies at this conference. Trump's upcoming speech may further enhance his image as a self-proclaimed cryptocurrency supporter, although he has doubts about cryptocurrencies in his first year in office.
Trump's stance on cryptocurrency policy has undergone a significant shift, from previous criticism and condemnation to a relatively positive attitude. Over the past few months, the Republican presidential candidate has expressed strong support for the cryptocurrency and blockchain industry.
Accepting political donations in the form of cryptocurrency, advocating for the protection of Bitcoin mining, promising to become a crypto president... Trump has taken a keen interest in Bitcoin and cryptocurrency rhetoric since publicly supporting the industry at an NFT party this spring. He has since incorporated pro-Bitcoin policies into the core platform of the Republican Party, in stark contrast to the Biden administration.
Trump now believes that cryptocurrencies such as Bitcoin have great application prospects and can be used as a powerful tool to fight inflation, while also providing a fairer financial system for ordinary people. This policy shift has attracted widespread attention from the public, and some even believe that it may become a key advantage for Trump in the 2024 presidential election.
However, some industry insiders and investors have questioned Trump's intentions, wondering whether the former US president's efforts are sincere: Is this a vote-pulling strategy, or does he really want to make the United States a Bitcoin country? Despite the doubts, the cryptocurrency community seems to be optimistic about the news. Because the current crypto market predicts that Trump has a 63% chance of winning the upcoming November presidential election, while only 13% predict Biden will win.
In addition, according to the latest polls, Trump's pro-cryptocurrency stance is helping him win more support from Republican voters in the potential 2024 presidential election. The poll shows that more than 60% of Republican voters said that Trump's cryptocurrency stance increased their support for him, of which about 13% of Republicans claimed that they did not intend to vote for Trump, but now they are more likely to vote for Trump because of his support for cryptocurrency. This means that Trump is expected to win the 2024 presidential election by supporting cryptocurrency.
The poll also highlighted the rise in cryptocurrency usage among Republicans. Since March 2024, the percentage of Republicans who own or have purchased cryptocurrency has risen from the national average of 19% to 28%. Of these people, 87% plan to buy more cryptocurrency in the next year, and the remaining 13% intend to buy cryptocurrency for the first time in the next 12 months. This means that while Trump is gaining favor with cryptocurrency investors, he will also further enhance his influence within the Republican Party.
Cryptocurrency companies such as Coinbase also believe that, thanks to the rapid development of the cryptocurrency industry and the high level of activity among investors, cryptocurrency investors will play an important role in future U.S. presidential elections. As more and more Americans participate in cryptocurrency investment, the voting intentions of these "crypto voters" will become the focus of attention of major political camps.
Overall, Trump's attendance at the 2024 Bitcoin Conference will undoubtedly become a major event in the crypto industry. As an influential politician, Trump's appearance is bound to attract widespread attention and is expected to further promote cryptocurrency into the mainstream. At the same time, his pro-cryptocurrency stance may also become a major bargaining chip for him to win in future presidential elections. As a once controversial figure, whether Trump can use the power of cryptocurrency to ascend to the White House again has undoubtedly become a hotly discussed topic at the moment.
