- Former President Donald Trump raised $25 million at the Nashville Bitcoin Conference, showcasing strong support from the crypto community.
- The event featured celebrities like the Winklevoss twins, Jake Paul, and Kid Rock, highlighting the intersection of entertainment and cryptocurrency.
- Trump pledged to create a strategic national Bitcoin reserve and criticized current regulations, aiming to position the U.S. as a leader in the crypto space.
Former President Donald Trump successfully raised $25 million at the Nashville Bitcoin Conference. The event drew a wide range of high-profile attendees, reflecting the crypto community’s appreciation for politicians who promote digital currencies.
The coming together of entertainment and the digital currencies was highlighted by the presence of celebrities including the Winklevoss twins, boxer Jake Paul, singer Kid Rock, and songwriter Billy Cyrus.
Trump’s fundraising efforts have generated varied reactions. While many applauded the large amount raised, some critics compared the event to a meme coin pre-sales. However, Trump’s campaign cleverly exploited this opportunity to reinforce his pro-crypto stance.
Trump gained media attention when he declared he would fire U.S. Securities and Exchange Commission Chair Gary Gensler. His speech resonated with the audience, expressing their dissatisfaction with what they see as rigid laws on digital currencies.
The admission cost for a private roundtable with Trump was $844,600, setting a new standard. This huge amount which is equivalent to about 13.20 Bitcoin, demonstrates the financial dedication of the crypto community. The overall earnings from the event were further increased by offering visitors the chance to pay either $60,000 for a photo with Trump.
This fundraiser is part of Trump’s campaign’s overall attempt to engage the bitcoin sector. Since June, his campaign has accepted several cryptocurrencies as donations and by July 2024, it had raised more than $4 million through contributions in Bitcoin, Ethereum, Ripple’s XRP, and the stablecoin USDC.
As the relationship between politics and cryptocurrency evolves, Trump’s fundraising success represents a historic event for both. The event demonstrated not only the cryptocurrency community’s financial power, but also their demand for inclusion in politics.
Read Also
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
