Former President Donald Trump is set to host an exclusive fundraiser at the upcoming Bitcoin 2024 conference on July 27. This event, tailored for cryptocurrency supporters, will take place in Nashville and features a roundtable asking price of $844,600 per seat​.

High-Stakes Fundraising Effort

The private roundtable fundraiser is expected to draw high-profile donors from the cryptocurrency industry. In addition to the roundtable discussion, attendees have the opportunity to take a photo with Trump, a privilege costing $60,000 per person or $100,000 per couple​.

Trump Vs. Bitcoin?

Initially, Donald Trump was not a supporter of Bitcoin and cryptocurrencies. During his presidency in 2019, Trump expressed strong skepticism towards digital currencies, stating on Twitter that he was “not a fan of Bitcoin and other cryptocurrencies,” which he claimed were “not money” and based on “thin air.” He also highlighted concerns about their potential use in illegal activities and the need for strict regulation​​.

This negative stance continued into 2021, when Trump reiterated on Fox Business that Bitcoin “seemed like a scam” and emphasized the supremacy of the U.S. dollar over cryptocurrencies​​. However, leading up to the 2024 election, Trump’s perspective has dramatically shifted, and he now presents himself as a proponent of the cryptocurrency industry, pledging support for Bitcoin mining and regulatory reform to foster the industry’s growth in the U.S.​

Trump’s participation in the Bitcoin 2024 conference marks a significant shift in his stance towards cryptocurrencies. Once a critic, Trump has now positioned himself as a pro-crypto candidate, advocating for the industry’s growth in the United States. “Bitcoin will help the U.S. become energy dominant,” Trump stated, highlighting his commitment to supporting Bitcoin mining and self-custody rights.

Conference Significance

The Bitcoin 2024 conference, known as the world’s largest Bitcoin gathering, will run from July 25-27. The event will feature speeches from various influential figures, including Robert F. Kennedy Jr. and ARK CEO Cathie Wood. This conference follows the notable Bitcoin 2021 event, where El Salvador’s President Nayib Bukele announced Bitcoin as legal tender​​.

Political Implications

As Trump campaigns for the presidency, his involvement in the Bitcoin 2024 conference underscores a strategic effort to garner support from the crypto community. His endorsement by prominent Bitcoin investors, such as the Winklevoss twins, who each donated $1 million in Bitcoin to his campaign, further cements his pro-crypto stance

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