Support BTC despite gunshot wounds, BTC has returned to $63,000! Trump plans to speak at Bitcoin conference 2024

Yesterday (14th), former US President Trump was shot at a campaign event in Butler, Pennsylvania, becoming a major focus of global attention. Fortunately, Trump was not seriously injured and has been discharged from the hospital after examination.

After the incident, some analysts pointed out that global investors will flock to safe-haven assets such as the yen, gold and Bitcoin. So far, BTC has continued to rise since the weekend, reaching a high of $63,000 as of press time, a two-week high.

Trump Headlines Bitcoin Event

Former US President Donald Trump is confirmed to speak at the Bitcoin 2024 conference at the end of July.

The three-day event, featuring Trump as the headliner, promises a range of notable speakers. Organisers cited his May 2024 endorsement of Bitcoin, highlighting his support for financial freedom and the US Bitcoin industry.

Trump’s announcement has generated significant interest within the Bitcoin community. Analysts believe his speech could have a substantial impact on the cryptocurrency.

The conference will also host political commentator Russell Brand, ARK CEO Cathie Wood, MicroStrategy CEO Michael Saylor, and independent Presidential Candidate Robert Kennedy.

Trump's Shift on Bitcoin

Trump, previously sceptical about cryptocurrencies, has recently shown a strong inclination towards Bitcoin. He emphasises Bitcoin’s decentralised nature, advocating it as an alternative to central bank digital currencies (CBDCs). This stance has gained him support from Bitcoin mining firms, with several CEOs fundraising for his campaign in anticipation of favourable policies.

Criticism of Biden's Policies

The industry has criticised President Biden's administration for hindering innovation and causing capital flight. The SEC’s actions against Ripple Labs and other firms are seen as part of a broader crackdown.

Trump has been vocal against Biden's Bitcoin policies, suggesting they benefit foreign adversaries. He champions US-based Bitcoin production as a means to achieve energy dominance.

“Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left,”said Trump.“We want all the remaining Bitcoin to be made in the USA! It will help us to be Energy Dominant.”