Former US President Donald Trump is scheduled to speak at the Bitcoin conference, after he had previously announced that he is the candidate for cryptocurrencies, as markets will await Trump’s statements at the Bitcoin conference in Nashville, Tennessee.
This will be the first time that a presidential candidate will attend the Bitcoin Conference (the largest annual celebration of Bitcoin in the world), which has sparked controversy over whether Trump will receive the necessary support from the cryptocurrency community during the upcoming presidential elections, especially since Bitcoin is now the new preferred currency. For Trump.
Trump's position on Bitcoin:
Trump's position on cryptocurrencies represents a major shift. Years ago, the former president had denounced Bitcoin and described it as a “scam against the US dollar.” Likewise, Donald Trump stressed that cryptocurrencies are a disaster waiting to happen and that he is not a fan of them, but now, Trump has become a fan of cryptocurrencies, and his campaign accepts various donations in cryptocurrencies such as Bitcoin, Ethereum, Dogecoin, and Solana.
Also, his vice presidential nominee, Senator J.D. Vance of Ohio, is also a crypto-friendly leader and owns Bitcoin through Coinbase that could be worth up to $250,000, so the crypto community will be looking forward to seeing what Trump has to say about cryptocurrencies. Although he has not yet announced his plans to support the growth of cryptocurrencies and blockchain through policies.
For his part, cryptocurrency expert Mo Villa said during press statements that Trump’s speech at the Bitcoin conference is a smart move, however, he “will simply say what his audience wants to hear about this matter.”
Who else is attending the Bitcoin conference?
Independent presidential candidate Robert F. Kennedy Jr. is scheduled to attend the Bitcoin conference, along with Vivek Ramaswamy (former 2024 US Republican presidential candidate), as well as some crypto advocates such as ARK Investment's Cathie Wood and Michael Saylor. From MicroStrategy.
In terms of trading today, Wednesday, the price of the digital currency Bitcoin rose by 0.75% and recorded about $66,441, and its market value stabilizes near the levels of $1.3 trillion, and it occupies first place in the ranking of the most famous digital currencies in terms of market value.
