Crypto Backs Donald Trump: $4 Million War Chest In Bitcoin, XRP For Re-election!!!

Former President Donald Trump is set to deliver a keynote address at the 2024 Bitcoin Conference in Nashville, Tennessee, this weekend, amid growing speculation that Trump may announce Bitcoin as a strategic reserve asset for the United States. This move could have a significant impact on the entire cryptocurrency industry.

According to a CNBC report, Trump has raised over $4 million in campaign contributions from a variety of digital assets, including Bitcoin, Ethereum (ETH), XRP, Circle’s USDC stablecoin, and various memecoins, ahead of his highly anticipated appearance at the conference. 

Per the report, the contributions were made through the “Trump 47” joint fundraising committee, which raised over $118 million between April 1 and June 30.

Furthermore, the former president’s appearance at the Bitcoin Conference in Nashville, where he will also host a campaign fundraiser, is viewed as a strategic move to solidify his position as the pro-crypto candidate for the 2024 presidential election. 

At the time of writing, the largest cryptocurrency on the market is struggling to find support at the $65,130 level following a 2% price drop in the early hours of Thursday’s trading session.
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