Trump's Bitcoin Conference Appearance Likely Geared Towards Campaign Funding
CryptoNewsTerminal Staff26 Jul, 2024
Trump's Bitcoin Conference Appearance Likely Geared Towards Campaign Funding
Barron's, a leading U.S. investment magazine, recently reported that former President Donald Trump's attendance at the upcoming Bitcoin 2024 conference is primarily aimed at fundraising for his potential presidential campaign. While some Bitcoin investors anticipate major announcements from Trump, such as the U.S. government purchasing and holding Bitcoin, Barron's suggests that such announcements are unlikely in the near term due to the legislative process required. However, if Trump expresses support for government involvement in Bitcoin or makes other crypto-friendly remarks, Barron's predicts a positive impact on cryptocurrency prices.