This past weekend, the long-awaited bitcoin Conference 2024 was held in Nashville, Tennessee, and it turned out to be a huge success for former President Donald Trump’s aspirations for a possible re-election in the upcoming November elections.
According to recent reports, the Trump campaign raised a substantial $25 million in a single night at a private fundraising event held on the sidelines of the broader conference.
Trump's speech electrifies conference attendees
David Bailey, CEO of btc Inc. and organizer of the bitcoin Conference 2024, confirmed the total of $25 million raised to Breitbart News in an exclusive interview. Bailey also explained that the influx of donations, many of them from people new to the Republican Party or politics in general, underscores the impact of Trump's involvement in the cryptocurrency industry.
Key to the fundraiser's success was the involvement of Republican Senator Bill Hagerty, who reportedly played a key role in organizing the event for Trump. political donations. According to Breitbart News, Hagerty, Trump's former ambassador to Japan during the former president's initial term, actively engaged with donors in the run-up to the fundraiser, encouraging their participation and contributions to Trump's campaign.
“President Trump’s speech was one of the most eloquent and forceful statements about bitcoin and cryptocurrencies that I have ever heard from a political leader,” Hagerty told Breitbart News. “As a result, the energy throughout the conference was electric.”
Lummis advocates for bitcoin reserve
Notable attendees at the fundraiser included Senators Hagerty, Marsha Blackburn and Cynthia Lummiswho announced his willingness to create a strategic bitcoin reserve. According to Lummis proposalTo be introduced as legislation in the coming days, the US government will purchase one million btc over a five-year period, representing approximately 5% of the total bitcoin supply.
Lummis said:
Establishing a bitcoin strategic reserve would firmly secure the dollar’s position as the world’s reserve currency in the 21st century and ensure that we remain the world leader in financial innovation.
Trump's former rival Vivek Ramaswamy, who also advised The former president who adopted btc as a strategic reserve asset for the US, was also seen at the fundraiser, the report said.
Trump campaign senior adviser Brian Hughes stressed Trump's commitment to supporting technology sector and remove obstacles to progress and growth, contrasting this with the perceived challenges posed by the current Biden administration.
Hughes stated:
crypto innovators and other tech players are under attack by Kamala Harris and the Democrats, who have put unnecessary obstacles and burdens in the way of our country’s next generation of industry leaders. President Trump is willing to remove the burdens, and the tech sector is excited about his vision and the agenda to make it a reality.
At the time of writing, the largest cryptocurrency on the market is trading at $65,980, down more than 2% in the 24-hour time frame.
Featured image of DALL-E, chart from TradingView.com
