The U.S. presidential election will be officially held on November 5 this year. Candidates from the Democratic and Republican parties frequently release good news about the cryptocurrency field to win the support of people in the cryptocurrency field.
Former US President Donald Trump, who represents the Republican Party, is actively seeking votes to face off against current US Vice President Kamala Harris, who is running for Joe Biden.
Extended reading: Big news! Biden "announced his withdrawal from the race" and fully supported Harris Harris, Trump said: She is better to defeat
Trump plans to speak at Bitcoin 2024 conference
Against this background, Trump, who has publicly supported Bitcoin and cryptocurrencies several times, will attend the Bitcoin 2024 conference held this week (7/25~7/27) at the Music City Center in Nashville, Tennessee. Give a speech at the conference.
Brandon Green, event organizer and chief of staff of BTC Inc., said that the content of Trump’s speech may have a positive impact on Bitcoin:
No one knows what Trump will say except Trump himself. However, we are very optimistic that this will be a positive message from him to the Bitcoin community. In fact, we think this will be a historic message
Green added that Trump is a Bitcoin skeptic turned supporter, and that the team discusses many cryptocurrency topics with Trump:
We saw an opportunity to engage with the former president and discuss with him what Bitcoin is, why countries might be interested in Bitcoin, and why the United States in particular might be interested in a Bitcoin strategy. These conversations were very positive
In addition, this Bitcoin 2024 conference not only invites Trump to give a speech, but also many well-known figures in politics and business will come to give speeches, including US independent presidential candidate Robert F. Kennedy Jr., Ark Invest CEO Cathie Wood Wood), MicroStrategy founder Michael Saylor, etc.
It is worth mentioning that Fox business reporter Eleanor Terrett posted on the social platform X on the 22nd that Elon Musk’s private plane recently landed in Tennessee. The market predicts that Musk will participate in the Bitcoin 2024 conference, and there are even rumors that Musk will give a speech at the conference or have a conversation with Trump.
Bitcoin spot ETF sees capital inflows for three consecutive weeks
Since Trump announced on July 11 that he would participate in the Bitcoin 2024 conference, the price of Bitcoin has continued to rise from around US$58,000. It has increased by more than 15% so far and is currently at US$66,986.
In addition, according to CoinShares data , the Bitcoin spot ETF saw an inflow of US$1.27 billion last week. This is the third consecutive week that the Bitcoin spot ETF has received inflows, with a cumulative inflow of more than US$3.1 billion in three weeks.
