Presumptive Republican presidential nominee Donald Trump is scheduled to speak at the next Bitcoin Conference in Nashville, Tennesseelater this month. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether Trump will receive support from the crypto community in the upcoming election.

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Moe CandleSenior Consultant for Unicoin and former senior adviser to Joe Biden, told Quartz in an email that it’s a smart move. “I think it’s inevitable that Trump’s presence at the Bitcoin conference will increase his support from the crypto community. It’s a strategic move from a political perspective,” Vela said.

He said that in the Bitcoin Conference, which is scheduled for July 25-27Trump will say nothing more than political bluster and flattery. “He will simply say what his audience wants to hear. Not long ago, he was criticizing cryptocurrency and denouncing it.”

In this election year, Trump declared himself a “crypto candidate” at a gala in Mar-a-Lago. He later announced that he would accept donations in Bitcoin, Ether, Dogecoin, Solana and other cryptocurrencies.

His stance on cryptocurrency represents a significant turnaround. A few years ago, he denounced Bitcoin as “a blow against the US dollar” and said that central bank digital currencies are “very dangerous.” In recent years, he has said that cryptography is “a disaster waiting to happen” and that he’s “not a fan of it.” But now he says he is “good” with cryptocurrencies.

After hearing Trump make several pro-crypto statements during his campaigns, President Biden’s re-election campaign is following suit when considering accepting donations in Bitcoin and cryptocurrencies. Not only that, but the Democrats’ tune on Bitcoin and other cryptocurrencies has changed. Those who have traditionally opposed it are now singing a more pro-crypto tune, distancing itself from Democratic Senator Elizabeth Warren’s hardline stance on Bitcoin.Under Biden’s leadership, the US House of Representatives passed a pioneering cryptocurrency market structure bill for two months now, which aims to regulate the sector in general.

The crypto community is eager to see what both leaders — and especially Trump — have to say and do about crypto. Trump has not yet stated how he plans to support the growth of cryptocurrency and blockchain through policy. However, He met with cryptocurrency miners last month and said that all remaining Bitcoin should be created in the US.

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But that doesn’t mean the crypto community is more inclined to support Trump than Biden, Vela said in the email. That’s because there’s a diverse population in the crypto community, with a large number of millennials, Gen Z and young professionals, he added.

According to Vela, it’s not too late for the Democratic Party to gain support from the crypto community, but they’re clearly running out of time. “If the Democratic party and the Biden campaign presented a balanced policy and regulatory approach, they would still be able to attract many in the crypto community,” he said.

Cryptocurrency companies are contributing millions of dollars to political campaigns during this election year. This is a new trend that reflects the understanding that crypto has become a significant political topic, and its future could be influenced by the outcome of the US presidential election. For example, Coinbase, the largest cryptocurrency exchange in the US, recently donated $25 million in June to support Fairshake, a super political action committee that aims to help elect pro-digital asset candidates by voting anti-crypto politicians out of Congress.

The Winklevoss twins, founders of cryptocurrency company Gemini, each donated 15.47 Bitcoins or $1 million in June to support Donald Trump campaign. Tyler Winklevoss posted in X that President Biden’s Democratic administration has “openly declared war on cryptocurrency,” while Cameron Winklevoss he wrote that Trump is “pro-Bitcoin, pro-crypto and pro-business.”

Jesse Powell, CEO of cryptocurrency exchange Kraken, has donated $1 million to Trump’s campaign. He wrote that the Biden administration has allowed a “campaign of unchecked regulation through enforcement.”

Vela agreed that at this point, it is clear that the Trump campaign is outmaneuvering crypto as a political issue in this campaign than the Biden campaign. He mentioned that the Biden campaign should increase its efforts to reach out to the crypto community.

Amid the election and crypto chaos, the much bigger point is how crypto will influence finance and our future. “Both candidates and both parties must come to the conclusion that crypto is here to stay and is an integral part of the future of our country and economy,” he said.

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