Is former U.S. President Donald Trump interested in Bitcoin? It appears so. At least as much as during his campaign. According to Bitcoin Magazine, a blockchain-specialized media outlet, Trump is scheduled to speak at the Bitcoin 2024 Conference this month.
The Bitcoin Conference, the world’s largest offline event focused on Bitcoin, will take place in Nashville, Tennesse from July 25 for three days. It was previously reported by foreign media that Trump was considering speaking at Bitcoin 2024. Robert F. Kennedy Jr., a member of the prestigious Kennedy political family and independent presidential candidate, is also set to speak at the conference.
As per the global coin market platform CoinMarketCap, the price of Bitcoin is currently at $57,647, down 1.99% from the previous day. On the domestic virtual asset exchange Bithumb, it is trading at approximately $67,600, down 0.20%.
Trump, running as a Republican candidate in the upcoming November U.S. presidential election, has shown a favorable stance towards virtual assets this year. He has emphasized through social media, “We will protect the right to mine Bitcoin and guarantee the right to trade without government surveillance and control.”
Due to this, there are numerous predictions that Bitcoin will skyrocket if Trump wins the presidential election. Geoff Kendrick, the head of foreign exchange and digital asset research at the British investment bank Standard Chartered (SC), predicted, “Bitcoin could rise to $100,000 on the day of the U.S. election.” Kendrick added, “If Trump is elected, the atmosphere will be much more favorable towards regulation and mining, possibly surpassing $150,000 by the end of the year and $200,000 next year.”
Anthony Scaramucci, the founder of the large American hedge fund SkyBridge Capital and a former White House communications director during the Trump administration, also emphasized that Bitcoin will break through $100,000 by the end of this year and then expand its rise to $170,000 next year.
He mentioned, “The recent news of Mt. Gox’s repayment has put downward pressure on the price of Bitcoin, but it will be a short-term adversity.” He added, “There is a possibility that investor sentiment will recover as investors who received Bitcoin re-enter the market.” Scaramucci emphasized, “As the presidential election day approaches, more content to capture the hearts of virtual asset investors will emerge. The Republicans are especially putting effort into a platform to protect digital assets and Bitcoin.”
