The Bitcoin 2024 conference in Nashville was historical with all the big speakers that attended such as Michael Saylor and Donald Trump.
Former President Donald J. Trump made a notable appearance at a cryptocurrency conference on Saturday, where he raised $21 million, according to Bitcoin Magazine’s CEO, David Bailey. The event, held at the Nashville Music City Center and partly organized by Senator Bill Hagerty, was one of Trump’s most successful fundraisers.
Trump has been actively engaging with the cryptocurrency community, promising regulatory reforms and attracting support from major industry figures.
His campaign, which started accepting crypto donations in May, has collected $4 million in digital assets so far, including significant contributions from a small group of donors. This led Trump to claim a total of $25 million raised in cryptocurrency.
High-profile attendees at the Nashville event included notable figures from the crypto world and celebrities, with exclusive access priced at over $800,000 per person. Trump’s recent pro-crypto stance, including a proposal for a Bitcoin reserve and a vow to replace SEC Chairman Gary Gensler, has earned him backing from prominent crypto leaders.
Trump’s campaign has amassed $221 million overall, with $128 million currently in reserve. The growing influence of cryptocurrency-related PACs, like Fairshake, which boasts $202 million in funds, highlights the industry’s increasing impact on the political landscape.
Alphractal, a cryptocurrency analysis firm, has voiced concerns about Bitcoin’s current market trajectory, suggesting it may be on the verge of entering a bear market phase.
Donors from Wall Street, Silicon Valley, and Hollywood played a key role in helping Vice President Kamala Harris’ fundraising efforts in August, giving Democrats a financial advantage over Donald Trump on the cusp of the run-off election.
Recent blockchain data reveals that a segment of Bitcoin investors has started selling off assets to lock in profits following a recent price surge.
CryptoCon confidently predicted an imminent bull market for Bitcoin, downplaying concerns of a recession or prolonged bear market.