The BTC Conference has officially begun. Many people are not familiar with the BTC Conference. They just know that Trump will give a speech at this conference.
Let's follow the footsteps of the club to learn about the BTC Conference and what impact this conference will have on the future:
1. Background of the Bitcoin Conference and highlights of each session
(1) Background:
The Bitcoin Conference was first held by the Bitcoin Foundation in 2013. Since 2019, it has been hosted by BTC Inc., which owns Bitcoin Magazine, and has become the most influential annual conference in the crypto community.
(2) Highlights of each session
·19th session: Host location - San Francisco, discussion: technical improvements and regulatory issues.
·21st session: Host location - Miami, discussion: El Salvador announced Bitcoin as legal tender.
·22nd session: Host location - Miami, discussion: covering the impact of Bitcoin in the fields of art and culture.
·23rd session: Host location - Miami, discussion: DeFi and Bitcoin's global adoption strategy.
2. This year’s conference: Trump’s participation and its potential impact
(1) Political background:
After the assassination attempt on July 13, Trump’s image as the “American Sheriff” has been enhanced, which may affect the US election in November. Biden withdrew from the election and Harris’ momentum is weak. The market expects Trump to become the next president.
(2) Forecast of Bitcoin-related policies:
· Stimulate Bitcoin mining: Considering Trump’s support for oil and traditional energy, Bitcoin mining may be seen as an opportunity to boost oil demand and increase industrial added value.
· Change in attitude towards Bitcoin: From not recognizing its commodity value to recognizing its commodity value, Bitcoin may be used to increase the pricing power of the US dollar and promote the establishment of advantages of US dollar capital in the crypto field.
3. Attitude towards other crypto assets
Cautious attitude towards ETFs: The market is optimistic about crypto asset ETFs such as ETH ETF, but Trump may be cautious about this. The share attributes of these assets may lead to resource competition with traditional industries, which is inconsistent with Trump’s economic policy propositions.
4. Market expectations and short-term impact
Short-term optimistic expectations: Although crypto policy is not a major issue in the election, the market has already priced in optimistic expectations in advance. Trump may implement policies that are favorable to Bitcoin in the short term, but his attitude in the next four years remains to be seen.
