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.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.