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Bitcoin Conference 2024: Trump, RFK Jr., and the Growing ...
2024-08-01 14:59:08
Blockchain
Politics

Bitcoin Conference 2024: Trump, RFK Jr., and the Growing Mainstream Acceptance of Bitcoin

Image used under license from Shutterstock.com (JON CHERRY)

The Bitcoin Conference in Nashville showcased the growing mainstream acceptance of Bitcoin, with former President Trump and presidential candidate RFK Jr. headlining the event. Trump announced plans for a U.S.

Strategic Bitcoin Reserve and fired up the crowd with promises to make the U.S. a 'crypto capital'. RFK Jr. proposed initiatives to integrate Bitcoin into the national economy.

The conference highlighted the increasing political influence of the crypto industry, with crypto PACs pouring millions into campaigns for pro-crypto candidates. The event also saw discussions on the impact of Trump's support on bitcoin's market value, with experts predicting new price highs as the election approaches.

Overall, the conference demonstrated the excitement and confidence among bitcoiners and Trump supporters, who see themselves as preparing for a war and determined to win the culture war.

Related news on that topic:

Bitcoin 2024 Conference: Trump, RFK Jr, and the Cult of Bitcoin

The Bitcoin 2024 conference held in Nashville became a circus-like event, with thousands of attendees, including former President Donald Trump and RFK Jr. The conference marked a shift in bitcoiners' previously apolitical stance, as they now align themselves with Trump and view themselves as under attack by elites. Trump's speech emphasized his support for bitcoin and promised to fire Gary Gensler, the chair of the Securities and Exchange Commission. While critics argue that bitcoin is volatile and used for criminal activities, bitcoiners see it as a way to liberate people from centralized government power and wealth inequality. The conference also highlighted the political power plays surrounding bitcoin, with rumors of Elon Musk attending and Edward Snowden warning against trusting vote-seeking politicians. Overall, the conference showcased the excitement and confidence of bitcoiners, who see themselves as preparing for a war and believe they will emerge victorious.

Could Trump’s potential reelection drive bitcoin to new highs?

Influential figures like Mark Cuban and Larry Fink show growing support for bitcoin. A potential Trump reelection could have a profound impact, with predictions of bitcoin reaching over $100,000 by 2024. Broader macroeconomic factors, including global uncertainty and the U.S. dollar's decline, are driving bitcoin's future value. Criticism of Gary Gensler's handling of crypto regulation and speculation of a more crypto-friendly administration under Trump could further fuel a bitcoin bull market. Excitement among investors for tokenization, stablecoins, and decentralized finance innovations could also contribute to a significant bitcoin bull market. Experts from Market Rebellion and Altcoin Daily, as well as host Rob Nelson, discuss these factors. Factors impacting demand include ETFs, advisors, and sovereign wealth funds. Diversifying with crypto assets is important, as bitcoin has a proven track record of appreciation. Bitcoin's recent price surge, up 25% in the past few weeks, is attributed to increased buyer interest and narrative catalysts, including support from prominent figures like Larry Fink and Trump's VP pick, as well as the anticipated ethereum ETFs and potential rate cuts. Michael Saylor predicts $3-49M bitcoin by 2045, citing fiat devaluation and 40% USD printed in 4 years. Crypto traders bet millions on 2024 US election on Polymarket: $43M on Trump, $25M on Harris, $22M on Michelle Obama. Trump promised a U.S. Strategic Bitcoin Reserve, never selling $14B in seized bitcoin. Caitlin Long, Founder of Custodia Bank, discussed how a pro-bitcoin president could address regulators' resistance, noting Custodia's denied Fed master account due to lack of understanding. Trump and RFK Jr. proposed initiatives to integrate bitcoin, contrasting with the Bank for International Settlements' allowance for banks to hold bitcoin, which U.S. regulators have not matched, influenced by figures like Elizabeth Warren.

Read 2 more recent news on this topic

The press radar on this topic:

The Guardian
31. Juli 2024 um 15:31

Bitcoin bros told me they can deliver Trump election at culty crypto carnival: ‘No mercy in November’

Politics
Technology
The ex-president and RFK Jr were among the stars of this year’s bitcoin conference, where there was no line for the women’s bathroom Last week, downtown Nashville transformed into a carnival as thousands of people descended on the Bitcoin 2024 conference. The most enthusiastic attendees wore bitcoin orange or “Make America great again” red – which, as the color wheel confirms, are not all that different. Bitcoin has been around since 2009, and the conference since 2019, but 2024 marked the first..
The Street
2. August 2024 um 13:47

President Trump and RFK Jr. headline Bitcoin Conference, boosting crypto credibility

Finance
Politics
Technology
Economy
The Bitcoin Conference in Nashville features former President Trump and presidential candidate RFK Jr., signaling bitcoin's growing mainstream acceptance. The U.S. government's $13 billion bitcoin holdings and tech leaders' engagement, like Elon Musk's Twitter activity involving Bitcoin CEO David Bailey, suggest bitcoin's rising importance in national finance. Blockchain technology presents opportunities for digital rights management and smart economies, as highlighted by Moby Media's CEO, BeL..
The Street
25. August 2024 um 19:20

Donald Trump offers private meetings at bitcoin conference for $800,000 a person

Politics
Finance
Economy
Trump to speak at $800,000 private meetings at Bitcoin Conference 2024 in Nashville; crypto spending over $121 million for 2024 election; Trump's VP nominee J.D. Vance courting crypto dollars; unaffiliated "MAGA VP" cryptocurrency promoted; bitcoiners seek crypto-friendly SEC chair; Democratic nominee Kamala Harris declined invitation; "Make Bitcoin Great Again" hats sold, 200,000 expected at Music City Center; security tightened after Trump's high-profile assassination attempt in Pennsylvania.
The Street
25. August 2024 um 19:20

Trump announces plans to launch U.S. Strategic Bitcoin Reserve

Politics
Cryptocurrencies & blockchain
Economy
Finance
Trump promised a U.S. Strategic Bitcoin Reserve, never selling $14B in seized bitcoin. RFK Jr. proposed matching bitcoin to gold. The Bitcoin Conference saw security increases, fundraising, and Kamala Harris' decline to attend.
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