Bitcoin
Pay $844,600 to attend Donald Trump’s exclusive roundtable
Following an assassination attempt, Donald Trump is once again making headlines with his upcoming fundraiser at the Bitcoin 2024 conference in Nashville, Tennessee. Scheduled for late July, this exclusive event presents a golden opportunity for high-profile supporters to mingle with the Republican presidential candidate.
For a whopping $60,000, attendees can secure a photo opportunity with Trump, while a coveted seat at a private roundtable will set you back $844,600. Phew, that’s a hefty number!
Trump’s move to attract the biggest Bitcoin donors shows that he wants to secure their financial support, but it also raises questions about how much influence these wealthy donors can have over his political decisions.
Appealing to Bitcoin Donors
According to Bloomberg reportThe fundraiser is expected to attract about 150 major donors and includes prominent Republican figures such as Senator J.D. Vance of Ohio and former Representative Tulsi Gabbard of Hawaii. Attendees will also hear Trump speak about Bitcoin, highlighting his new advocacy of U.S. leadership in the cryptocurrency market.
Crypto position or electoral strategy?
Meanwhile, Trump’s pro-crypto stance is seen as a gimmick to win the election. After criticizing Bitcoin in 2019, he now advocates that the US should lead the cryptocurrency marketaligning with the cryptocurrency-friendly stance of his vice-chair pick, J.D. Vance. Vance plans to review the Financial Innovation and Technology Act for the 21st Century (FIT21) to better support the cryptocurrency industry. It was recently reported that he held over $100,000 worth of Bitcoin. Bitcoin was trading at $63,604.58, down 1.52% in the last 24 hours.
Crypto Titans Support Trump’s Vision
Notable cryptocurrency leaders including Cameron and Tyler Winklevoss and Ark Invest CEO Cathie Wood have expressed their support for Trump’s cryptocurrency vision. This endorsement has spurred interest within the cryptocurrency community, leading to a surge in Trump-themed meme coins and speculation about Bitcoin potentially becoming a strategic reserve asset.
Figures like Dennis Porter of the Satoshi Action Fund suggest that such a policy shift could have profound implications for the global economy and reinforce Bitcoin’s status as digital gold.
What to expect from Bitcoin 2024 Conference?
Despite the excitement, some voices, including Ethereum co-founder Vitalik Buterin, have expressed concerns about the broader economic ramifications of Trump’s candidacy. Meanwhile, at the Bitcoin 2024 conference, other speakers include Robert F. Kennedy Jr., Vivek Ramaswamy, and Senators Bill Hagerty and Marsha Blackburn. Kennedy has vowed to protect Bitcoin’s usage rights.
In contrast, President Joe Biden’s campaign has sought advice on digital asset policies but has yet to make any significant announcements. The Chamber of Progress has called on Biden to advocate for clear crypto regulations, pointing out that Trump has leveraged the current regulatory ambiguity to his advantage.
Election Forecast
On Polymarket, users currently predict a 63% chance of Trump winning the upcoming election, compared to a mere 13% for Biden.
Read too: Trump’s Secret Plan: Bitcoin as a Strategic Reserve? Here’s What You Need to Know!
Do you believe Trump’s Bitcoin strategy will pay off in the polls?