Today the organizers The largest Bitcoin conference announced that US presidential candidate Donald Trump will take part in the event as one of the speakers.
Bitcoin 2024 will take place from July 25 to 27 in Nashville, Tennessee. The conference will bring together cryptocurrency enthusiasts and industry leaders from around the world.
Trump to Give Speech at Bitcoin 2024
How noted Bitcoin 2024 organizers, the Republican presidential candidate’s speech will take place on July 27. In addition to Trump, other American politicians will be present at the conference, including another candidate, Robert F. Kennedy Jr., and Vivek Ramaswamy, who dropped out of the race.
ANNOUNCING: PRESIDENT DONALD J. TRUMP TO SPEAK AT #BITCOIN2024 pic.twitter.com/F2mwECVMTW
— The Bitcoin Conference (@TheBitcoinConf) July 10, 2024
The news of Trump’s participation in Bitcoin 2024 had a significant impact on memecoins dedicated to the politician. Thus, in less than three hours, the price of the TrumpCoin (DJT) token soared by almost 50,000,000%, reaching a capitalization of $143.1 million.
Earlier, rumors spread across the Internet that the “meme” coin DJT is directly connected to the former US President. Some claimed that the token is Trump’s official cryptocurrency. However, he did not confirm this information.
Another memecoin, Satoshi Trump (MBGA), jumped more than 7,900% on the news. The asset’s market value reached $2.8 million. However, by the time of publication, the figure had fallen to $9,000, according to DEX Screener.
Trump and the Crypto Industry
Donald Trump has been increasingly engaging with the crypto community in recent months. In June, the politician met with mining industry leaders, declaring his support for the digital asset mining industry.
In May, Trump began accepting crypto donations, becoming the second candidate from the party to do so. The politician’s efforts have already been supported by such well-known figures in the crypto industry as Gemini founders Cameron and Tyler Winklevoss. A couple of weeks ago, the co-founder of Kraken left a donation to the politician’s election campaign.
Trump’s crypto-friendly stance resonates with his supporters. Polymarket data they showthat crypto community members estimate the candidate’s chances of winning the presidential election in November at 62%. Meanwhile, only 12% are betting on Biden’s victory.
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Source: Cryptocurrency
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