Last weekend, the long-awaited Bitcoin 2024 conference took place in Nashville, Tennessee, and it turned out to be a huge success for former President Donald Trump’s potential re-election aspirations in the upcoming November elections.
According to recent reports, the Trump campaign raised $25 million in one night at a special fundraising event held on the sidelines of the broader convention.
Trump’s speech ignites enthusiasm at conference
David Bailey, CEO of BTC Inc. and organizer of the Bitcoin Conference 2024, Certain Total $25 Million Donated to Breitbart News in Exclusive Interview. Bailey also explained that the influx of donations, many of which come from individuals new to the Republican Party or politics in general, underscores the impact of Trump’s involvement in the cryptocurrency industry.
Key to the fundraising success was the involvement of Republican Senator Bill Hagerty, who reportedly played a pivotal role in organizing the event for the Trump campaign. Political donations. According to Breitbart News, Hagerty, who was Trump’s ambassador to Japan during the former president’s first term, actively engaged with donors in the lead-up to the fundraiser, encouraging them to participate and contribute to Trump’s campaign.
“President Trump’s speech was one of the most clear and powerful on Bitcoin and cryptocurrencies I have ever heard from a political leader,” Hagerty told Breitbart News. “As a result, the energy throughout the conference was electric.”
Loomis Defends Bitcoin Reserve
Notable attendees at the fundraiser included Senators Hagerty, Marsha Blackburn, and Cynthia Loomiswhich announced its readiness to create a strategic reserve of Bitcoin. According to Loomis an offerUnder a bill that will be introduced as legislation in the next few days, the US government will purchase 1 million BTC over five years, representing about 5% of the total Bitcoin supply.
Loomis said:
Creating a strategic reserve of Bitcoin would firmly secure the dollar’s position as the global reserve currency in the 21st century and ensure we remain the global leader in financial innovation.
Trump’s former rival Vivek Ramaswamy, who was also Advise The former president’s call for Bitcoin to be adopted as a strategic reserve asset for the United States was also spotted at the fundraiser, according to the report.
Senior Trump campaign adviser Brian Hughes reiterated Trump’s commitment to supporting Technology sector And removing the obstacles that hinder progress and growth, compared to the tangible challenges imposed by the current Biden administration.
Hughes stated:
Cryptocurrency innovators and other tech professionals are under attack from Kamala Harris and Democrats who have placed unnecessary obstacles and burdens in the way of our country’s next generation of industry leaders. President Trump is ready to remove the burdens, and the tech industry is excited about his vision and the agenda to achieve it.
At the time of writing, the largest cryptocurrency in the market is trading at $65,980, down more than 2% in the 24-hour time frame.
Featured image by DALL-E, chart by TradingView.com