Contrary to earlier speculation, Vice President Kamala Harris has declined to attend the highly anticipated bitcoin conference. Conference 2024 in Nashville, putting the spotlight on former President Donald Trump, whose long-awaited speech could have a major impact on bitcoin and the entire nascent industry.
Kamala Harris drops out of bitcoin conference
Initially, discussions indicated Harris would likely attend the conference, joining a cast that already included figures such as U.S. presidential candidate Donald Trump and candidate Robert F. Kennedy Jr.
The news sparked debates about the evolving political landscape, with speculation about the Democratic Party's stance on engaging with the rapidly growing voting bloc associated with CRYPTOCURRENCIES.
David Bailey, CEO of bitcoin Magazine and organizer of the conference, had… x.com/DavidFBailey/status/1815848521205178404″ target=”_blank” rel=”noopener nofollow”>implied about Harris's possible addition to the speaker lineup in a social media post Tuesday, suggesting it could strategically position his campaign within the shifting political landscape.
However, recently x.com/DavidFBailey/status/1816114440569323713″ target=”_blank” rel=”noopener nofollow”>confirmations Bailey's comments have dispelled these expectations and redirected attention to Donald Trump's speech at the conference. Bailey said in a recent post on social media x (formerly twitter):
Kamala Harris will not be speaking at the bitcoin Conference. No surprise there. What can she tell us when she is actively jailing developers, forcing our industry to go overseas, attacking PoW? It would have been a disaster for her. All eyes are on Trump now.
Trump's plan to reserve btc
As a Bitcoinist reportedRumors have been circulating about Trump's possible announcement at the upcoming conference about considering bitcoin as a strategic reserve asset for the US Treasury.
This speculation has significantly increased anticipation around his speech, with potentially positive implications not only for bitcoin but also the cryptocurrency industry at large if Trump manages to return to the Oval Office in 2025.
Recent statements Speculation has been fueled by statements from Dennis Porter, co-founder of the non-profit organization Satoshi Act. Porter claimed that Trump intends to introduce bitcoin as a strategic reserve asset for the United States, a move he sees as a logical step backed by credible sources.
However, despite the initial optimism surrounding Trump's possible announcement, Polymarket bookmakers have… indicated A change in market sentiment.
The likelihood of Trump declaring bitcoin a US strategic reserve asset has diminished, with current betting odds suggesting a lower likelihood of such an announcement by July 28.
At the time of writing, the market’s top cryptocurrency was trading at $66,300. This does not represent a significant change from Tuesday’s price value, as btc has been consolidating around this zone for the past few days.
Featured image of DALL-E, chart from TradingView.com
