①Trump has recently changed his stance on cryptos. He will attend next week's Bitcoin conference and hold a fundraiser; ②his running mate Pence is also a Bitcoin holder; ③in the second quarter of this year, the Trump campaign received more than $3 million in crypto donations.
On July 19th, according to Caijing.com.cn (Editor: Shi Zhengcheng), just as the US stock market was anxiously waiting for Trump's crucial speech, news broke that he will attend the Bitcoin conference next week, where the pricing for a fundraising event has already been released.
(Source: Trump Campaign Invitation)
The crypto industry gathering is scheduled for next week (July 25-27) in Nashville, Tennessee, USA. Trump himself will attend and deliver a speech on the 27th. Speakers at the Bitcoin conference will include Ark Capital CEO Catherine Wood, known whistleblower Snowden, and MicroStrategy CEO Michael Saylor.
(Source: Conference official website)
Although Trump himself is unlikely to be a Bitcoin player, his vice presidential candidate Pence is a real "coin circle" person. In addition to being close to Silicon Valley tech investor Peter Thiel, the disclosed trading information at the end of last year showed that he held "0.1-0.25 million US dollars" worth of Bitcoin through the Coinbase platform.
For American politicians like Trump, attending this kind of conference is also a good opportunity to attract attention and raise funds.
According to the invitation, at the fundraising event hosted by the Trump campaign, supporters can pay $60,000 for the opportunity to take a photo with the former president, slightly lower than the current price of one Bitcoin. If it is a photo with Trump and another person, the price is $100,000.
And if you want to sit at the same table with Trump and take a photo together, the price will skyrocket to $844,600. According to US campaign finance regulations, this is also the upper limit for individuals or entities to donate to a campaign team and the Republican National Committee (RNC) within a specific time frame.
By the way, like billionaires such as Musk, they donate to Super PACs, which are independent organizations that are allowed to accept unlimited donations, and can naturally exceed the above-mentioned limit.
According to sources, Pence will also attend the fundraising event as a featured guest next week. It is reported that the attendance of this event will be limited to 100-150 people. After the reception, these guests will also receive front-row seats to the Bitcoin conference and get a close-up view of Trump's speech.
Change in stance
It is worth mentioning that Trump's attitude towards Bitcoin has also undergone a significant change recently.
When he was president five years ago, Trump said he didn't like Bitcoin. He claimed that their value was based on "nothing" and would promote criminal activity. But after meeting with high-level executives in the crypto mining industry last month, he told supporters that he "loves and understands cryptocurrencies," as well as the benefits Bitcoin miners bring to the grid.
Earlier, in May, Trump became the first major candidate to accept crypto donations.
According to data released by the Trump campaign team this week, he received a total of $3 million worth of crypto donations in the second quarter of this year. The two largest donations ($1.6 million in Bitcoin and $0.845 million in Ethereum) came from Gemini and Kraken, two crypto exchanges' founders. There were also 100 donations from ordinary people.
It is not difficult to expect that, with the significant increase in reputation after avoiding assassination last week, combined with the push from attending the bitcoin conference, he is likely to receive more crypto donations in the coming months.
Editor/Somer