Trump to attend Bitcoin conference

Trump Attendance

Recently, conference organizers announced that US Republican presidential candidate Trump will speak at the Bitcoin Conference in Nashville, Tennessee later this month.

Earlier in the day, speculation that Trump would attend the conference grew as speakers told the media that their speaking time was reallocated to make room for "a very special guest" described in an email.

Recently, conference spokespersons revealed that former President Trump will deliver a 30-minute speech at 2 pm (Central Time, 19:00 UTC) on the final day of the conference, which will be held from July 25 to 27.

Trump has been inclined to speak on Bitcoin and cryptocurrency since publicly supporting the industry at the NFT Gala this spring. He has since incorporated pro-Bitcoin policies into the core Republican platform, in stark contrast to the Biden administration.

Trump's upcoming speech is likely to further burnish his image as a self-proclaimed supporter of cryptocurrencies, despite his skepticism about them before taking office. But now he is widely expected to attend Bitcoin's annual gathering.

In this election year, Trump declared himself the "crypto candidate" at a party at Mar-a-Lago and later announced that he would accept donations in cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, Solana, etc.

His stance on cryptocurrencies has undergone a major shift. A few years ago, he denounced Bitcoin as a "scam against the dollar" and said central bank digital currencies were "very dangerous." In the past few years, he has said that cryptocurrency is "a disaster waiting to happen" and that he "doesn't like it." But now he says he is “very bullish” on cryptocurrencies.

Change in attitude

President Biden’s reelection campaign is also considering accepting Bitcoin and cryptocurrency donations after hearing Trump’s multiple pro-cryptocurrency comments during the campaign.

Not only that, but the Democratic Party’s attitude toward Bitcoin and other cryptocurrencies has also changed. Those who have traditionally opposed cryptocurrencies are now singing a more pro-crypto tune, distancing themselves from Democratic Senator Elizabeth Warren’s hardline stance on Bitcoin.

Under Biden’s leadership, the U.S. House of Representatives passed an unprecedented crypto market structure bill two months ago that aims to regulate the entire industry.

The cryptocurrency community is eager to see what the two leaders — especially Trump — think and do about cryptocurrencies. Trump has yet to announce how he plans to support the development of cryptocurrencies and blockchain through policy. However, he met with cryptocurrency miners last month and said that all remaining bitcoins should be created in the United States.

While this does not mean that the crypto community is more inclined to support Trump than Biden. But because the crypto community has a diverse demographic structure, with a large number of millennials, Generation Z and young professionals.

It is not too late for the Democrats to win the support of the cryptocurrency community, but they are clearly running out of time. "If the Democratic Party and the Biden campaign team propose a balanced policy and regulatory approach, they will still be able to attract many people in the cryptocurrency community." Analysts said.

Big Trend

This election year, cryptocurrency companies have invested millions of dollars in political campaigns. This is a new trend that reflects people's recognition that cryptocurrency has become an important political topic and its future may be affected by the results of the US presidential election.

For example, Coinbase, the largest cryptocurrency exchange in the United States, recently donated $25 million in June to support the super PAC Fairshake, which aims to help elect digital asset-friendly candidates by voting out anti-crypto politicians in Congress.

The Winklevoss twin brothers, founders of the cryptocurrency company Gemini, each donated 15.47 bitcoins, equivalent to $1 million, to support Donald Trump's campaign in June. Tyler Winklevoss posted on X that President Biden's Democratic administration "openly declared war on cryptocurrencies," while Cameron Winklevoss wrote that Trump is "pro-Bitcoin, pro-cryptocurrency, and pro-business."

Jesse Powell, CEO of cryptocurrency exchange Kraken, donated $1 million to Trump's campaign. He wrote that the Biden administration allows "unfettered regulation by law enforcement."

It's clear that the Trump campaign has trumped the Biden campaign on cryptocurrency as a political issue in this election. He mentioned that the Biden campaign should do more to reach out to the cryptocurrency community.

Amid the election and cryptocurrency chaos, the more important question is how cryptocurrency will affect finance and our future. "Both candidates and both parties must recognize that cryptocurrency is here to stay and is an integral part of our country and economic future," he said.