Former United States President Donald Trump remains steadfast in his commitment to speak at the Bitcoin Conference in Nashville, Tennessee, following an assassination attempt during a rally in Pennsylvania on July 13.
David Bailey, CEO of Bitcoin Magazine and one of the event’s organizers, confirmed Trump’s participation and assured attendees of the former president's well-being. Bailey took to social media platform X to announce that he had personally spoken with Trump’s team, receiving confirmation of his attendance. "He is in good spirits and is excited to see you all in Nashville and deliver a speech that is heard around the world," Bailey wrote.
Trump to Speak at Bitcoin Conference in Nashville
Last week, Trump confirmed his intention to speak at the conference, which will take place from July 25 to July 27. He is scheduled to deliver his keynote address on the final day, July 27.
The assassination attempt occurred during a rally in Butler, Pennsylvania, where shots were fired from an unidentified source while Trump was on stage. Reacting swiftly, Trump clutched his ear and took cover as Secret Service agents intervened to protect him. The former president emerged unharmed, and an official spokesperson for Trump’s campaign reassured the public that he was undergoing medical evaluation at a local facility.
"President Trump thanks law enforcement and first responders for their quick action during this heinous act," spokesman Steven Cheung said in a statement.
Impact on Prediction Markets
The assassination attempt had immediate repercussions in the realm of prediction markets. On the Ethereum-based prediction market Polymarket, Trump’s odds of winning the upcoming election jumped from 60% to 68% following the incident, while President Joe Biden’s predicted odds of reelection fell from 30% to 15%. Consequently, Trump is now the clear favorite on the prediction market, with overall odds of 70%. Biden trails with a 15% chance of winning, and Vice President Kamala Harris has a 9% chance.
Trump Changes Stance on Crypto
Trump's stance on cryptocurrencies has notably evolved over time. Despite previously criticizing Bitcoin as a “scam,” he has recently shifted his perspective. On June 14, Trump declared that he would end the Biden administration’s “war on crypto” if elected president. He had also previously criticized Biden for his harsh stance on cryptocurrencies, emphasizing that the United States should strive to be a leader in the crypto industry.
A survey conducted by the Harris Poll revealed that one in three voters in the US consider a candidate’s position on cryptocurrencies before making their voting decision. Additionally, a survey conducted by leading crypto venture capital firm Paradigm found that Trump enjoys significant support from the crypto community for the 2024 US Presidential Election. The survey, which included 1,000 registered voters, showed that 48% of crypto owners plan to vote for Trump, while 39% intend to vote for President Joe Biden.
Conclusion
Despite the recent assassination attempt, Donald Trump remains committed to addressing the Bitcoin Conference in Nashville. His evolving stance on cryptocurrencies and continued engagement with the crypto community suggest a significant shift in his political strategy as he prepares for the upcoming election. The incident has not only impacted prediction markets but also highlighted the increasing importance of cryptocurrency policies in political campaigns.
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