The organizer of a Bitcoin conference has just announced that former US President Donald Trump will be one of the speakers at the event.
The event, scheduled to take place from July 25 to 27 in Nashville, Tennessee, is one of the largest gatherings of Bitcoin enthusiasts and industry leaders in the world, and the announcement has generated significant excitement among the cryptocurrency community.
Trump’s Cryptocurrency Push Gains Momentum Amid Political Rivals
According to the event organizers, the presumptive Republican presidential nominee will address the crowd on July 27. In addition to Trump, other American politicians, including presidential candidate Robert F. Kennedy Jr. and former presidential candidate Vivek Ramaswamy, will share their thoughts at the event.
The news had a major impact on Trump-related meme coins, with the newly minted TrumpCoin (DJT) surging by nearly 50 million in less than three hours, pushing its market cap to $143.1 million. Similarly, another meme coin, Satoshi Trump (MBGA), saw a massive surge of over 7,900%, reaching a market cap of $2.8 million.
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Trump’s growing involvement with the Bitcoin community has been noteworthy. Last month, he met with prominent Bitcoin miners. Following the meeting, he emphasized the importance of Bitcoin mining in the United States on his Truth Social platform.
“We want all remaining Bitcoin to be produced in the United States. This will help us dominate the energy sector,” Trump wrote.
However, Trump’s stance has sparked controversy within the industry. Some industry figures argue that concentrating Bitcoin mining within the US could undermine its decentralized nature. It could also increase Bitcoin’s exposure to legal risks and potential attacks.
Trump has also embraced cryptocurrencies in other political endeavors. BeInCrypto reported that he began accepting political donations in cryptocurrencies in May. Trump’s efforts have been backed by prominent figures in the crypto industry, including Cameron and Tyler Winklevoss, the founders of Gemini.
Read more: How Blockchain Technology Could Be Used for Voting in 2024?
The former president’s pro-crypto stance appears to be resonating with his supporters. According to prediction market BulliMarket, Trump has a 62% chance of winning the November presidential election. That’s in stark contrast to Biden, who has a mere 12% chance.
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