Trump to Host $15 Million Fundraiser at Bitcoin Conference

Despite a recent assassination attempt, Trump plans to attend the Bitcoin Conference from July 25 to 27.

Bailey, a representative, confirmed Trump’s commitment to attending in person, with organizers enhancing security measures.

Crypto Donations Boost Trump’s Campaign

Trump’s acceptance of crypto donations has significantly benefited his campaign.

Following the announcement, Gemini founders Cameron and Tyler Winklevoss each donated $1 million in Bitcoin, while Kraken founder Jesse Powell contributed substantial Ethereum donations.

Impact on the Crypto Community

The Bitcoin Conference, expecting 20,000 attendees, offers Trump a platform to discuss his crypto policies and gauge support from the pro-crypto community.

Trump has emerged as a vocal supporter of the crypto industry, promising regulatory clarity if elected. However, some skeptics view his stance as politically motivated.

Trend of Crypto Donations to Pro-Crypto Candidate

Trump’s fundraiser is part of a broader trend of crypto donations supporting pro-crypto candidates.

In the past month, crypto companies have donated through PACs focused on defeating anti-crypto legislators. In May, the super-PAC Fairshake received $160 million from supporters, including Ripple, Coinbase, and a16z.

Trump Pump” Effect on the Crypto Market

Analysts link Bitcoin’s recent gains to the “Trump Pump” effect.

Blockchain platform Santiment notes a bullish sentiment surrounding Trump, likely influencing market reactions through 2024.

This view is supported by crypto market maker QCP, which sees Trump-related news as a catalyst for the rally.

Polymarket, an Ethereum-based prediction website, shows Trump’s odds of winning the election at 71%, boosted by his choice of Senator JD Vance, a strong crypto advocate, as his running mate.

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