On July 26, Barron's reported that everything Trump did around the Bitcoin 2024 conference was to raise campaign donations. The article states that some Bitcoin investors believe that Trump will make major announcements at this conference, such as supporting the US government's purchase of Bitcoin as a strategic reserve asset similar to foreign currency or oil. However, this requires a legislative process, which means it is unlikely to be implemented quickly. Although Trump's support for this or any other narrative supporting cryptos is bullish and will definitely have a positive impact on prices.