On July 26, Barron's published an article stating that everything Trump did around the Bitcoin 2024 conference was to get campaign donations. The article stated that some Bitcoin investors believe that Trump will make a major announcement at this conference, such as supporting the US government to buy Bitcoin as a strategic reserve asset similar to foreign currency or oil. But this move requires a legislative process, which means it is almost impossible to achieve it quickly. Although Trump's approval of this or any other narrative supporting cryptocurrency will definitely have a positive impact on prices.