Donald Trump is Determined to Speak at the Bitcoin 2024 Conference in Nashville
Despite being recently shot, Trump resumed his speaking engagements, indicating high confidence that he would speak at the Bitcoin 2024 conference.
- A Polymarket bet shows a 94% chance that the incident was carried out by a “rogue actor.”
- Trump’s pro-crypto stance, including pledges to end Biden’s “war on crypto,” has resonated with the market.
- While Elon Musk and Bill Ackman endorsed Trump, figures like Jeff Bezos and Tim Cook expressed gratitude for his survival.
An assassination attempt was recently made against US Presidential candidate Donald Trump at a campaign rally in Pennsylvania, just six minutes into his speech. Trump narrowly escaped, with the bullet grazing his ear. Undeterred, he raised his fist to the sky in defiance, yelling “FIGHT” as he was escorted to safety.
Despite the attempt on his life, Trump remains resolute in fulfilling his commitments. Bitcoin Magazine CEO David Bailey confirmed that Trump would still attend the Bitcoin 2024 conference in Nashville.
Additionally, the following events transpired shortly after the assassination attempt:
- Memecoins such as TREMP, TRUMP, and MAGA experienced a surge, while Polymarket reported a significant increase in Trump’s odds of winning.
- Sentiment analysis indicates that the crypto community is generally bullish on Trump due to his pro-crypto remarks.
- Popular figures like Elon Musk, Bill Ackman, and Justin Sun have endorsed Donald Trump.
- Bitcoin hit $62,000, possibly fueled by the “Trump trade” momentum.
Memecoin and Betting Reaction to Incident
Memecoins experienced significant gains, with MAGA rising by over 55%, TREMP by nearly 90%, and TRUMP by almost 250%. After a period of correction, these gains have mostly settled. In contrast, Joe Biden’s memecoin, BODEN, saw a decline of over 30%.
According to Arkham, Trump’s crypto wallet experienced a substantial increase, growing from over $8.9 million on July 13 to over $11 million just a day later. The rise in memecoin prices likely drove this surge. Recently, smaller amounts of ETH have also been inflowing from the Save America DJT wallet and other accounts.
Polymarket, a crypto betting site, saw Donald Trump’s odds of winning the 2024 Presidential Election increase to 70%, following a significant 10% jump. Additionally, a new bet titled “Fact Check: Was it a rogue actor?” was created, showing a 94% likelihood of “yes.”
Trump’s Pro-Crypto Comments
Donald Trump’s views on crypto have dramatically evolved over the years. Initially, in 2019, he stated that he wasn’t a fan. However, he is now expected to speak at the Bitcoin 2024 convention, where he will publicly express his support for cryptocurrency.
In June, Trump reinforced his stance by pledging to end Joe Biden’s “war on crypto.” This statement resonated with the market, especially as many key figures, including Mark Cuban, had criticized the administration’s approach to crypto during a roundtable discussion. Criticism was particularly directed at the SEC, with Biden’s senior advisor in attendance.
Trump met with top mining companies, stressing the importance of mining the remaining Bitcoin within the US. During his previous term, the former president auctioned over 10 million acres of public land for energy exploration.
Popular Figures Supporting Donald Trump
After the attempt on Trump’s life, multiple popular figures came forward expressing their support. One of them was Elon Musk, who has previously identified as a Democrat but said he now fully endorses Trump.
Other prominent figures, including hedge fund manager Bill Ackman and Tron founder Justin Sun, publicly endorsed Donald Trump following the incident. Several other business leaders also shared their thoughts on the event, expressing concern but stopping short of fully endorsing Trump.
“Our former President showed tremendous grace and courage under literal fire tonight. So thankful for his safety and so sad for the victims and their families.” — Jeff Bezos (Amazon)
“I pray for President Trump’s rapid recovery. My thoughts are with him, the other victims and the Trump family. I strongly condemn this violence.” — Tim Cook (Apple)
Bitcoin Hit $62,000
Bitcoin is approaching $63,000, rebounding from a low of $55,000 just a week ago. A Bloomberg article highlights a major market question: will the “Trump trade” gain momentum? The article mentions that Trump’s potential return could mean tax cuts, higher tariffs, and looser regulations.
The surge in price could likely be due to the market's expectations, as some argue that if Trump wins, they could benefit from these tax cuts, tariffs, and looser regulations.
Despite the recent assassination attempt, Donald Trump proceeded to Milwaukee, Wisconsin, where he is scheduled to give another speech. His decision to continue with his Milwaukee appearance also indicates a strong likelihood that he will attend the Bitcoin 2024 conference on July 27 as planned.
Donald Trump’s attending the Bitcoin 2024 conference will mark his first appearance at a crypto event to formally address the crypto community.
