Crypto Supporter Donald Trump to Address Bitcoin 2024 Conference in Nashville
Key Points:
The event marks crypto supporter Donald Trump’s increasing engagement with the sector with a significant shift in his political stance. The announcement came from the conference organizers on Wednesday.
Bitcoin 2024 aims to build on the momentum of its previous conferences in Miami. The event gained significant attention in 2021 when El Salvador’s President Nayib Bukele declared Bitcoin a legal tender. Subsequent conferences continued to highlight notable moments, such as U.S. Presidential candidate Robert F. Kennedy Jr.’s endorsement of the Bitcoin industry at Bitcoin 2023.
On the campaign trail, crypto supporter Donald Trump has increasingly promoted Bitcoin, advocating for its role in the economy. He recently met with Bitcoin miners, describing the industry as a potential safeguard against central bank digital currencies (CBDCs) on his social media platform, Truth Social. Trump’s endorsement of Bitcoin has garnered support from influential figures in the crypto world, including Gemini founders Cameron and Tyler Winklevoss, and Ark Invest CEO Cathie Wood.
Trump‘s advocacy extends to political fundraising, as he began accepting cryptocurrency donations in May. At a June fundraiser in San Francisco, attended by notable crypto leaders, he raised $12 million. The crypto industry, facing increased regulatory scrutiny, is actively supporting candidates favorable to digital assets, contributing substantial donations to political action committees.
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