Good day everyone,
I hope you are all having a good day, welcome to CryptoGod-1's blog on all things crypto. In this post I will be looking at the news of Donald Trump remaining on the scheduled list of speakers for the Bitcoin conference in Nashville later this month, along with other impacts following the attempt on the former President of the United State's life.
Bitcoin Conference
Former U.S. President Donald Trump is still on the schedule to give a speech at the upcoming Bitcoin conference in Nashville. The conference will take place between 25-27th of July 2024, and despite the recent attempt on his life Trump is pushing on with his campaign schedule. With crypto very much at the fore of the political agenda, the Bitcoin conference organisers were able to announce:
“We are proud to host him and to share the solidarity of the global Bitcoin community and our universal commitment to free speech and peaceful democracy.”
The team behind the conference have also noted they are working closely with their own security teams and Trump's secret service to ensure everyone's participation at the conference will be a safe one. The events over the weekend cannot be repeated and enhanced security measure are expected.
Trump’s appearance in Nashville will also bring a strong message regarding the content of the conference. With Trump all but certain to win the vote in the Republican State of Tennessee, his attendance will once again reaffirm the importance of crypto to the candidates trail. There are enough single-issue crypto voters out there to make a difference for Trump and the Republicans will be making a big push to be seen as the crypto-friendly vote.
Truth Social Shares Spike
Donald Trump's social media company Truth Social has seen a surge in share price following the assassination attempt on Saturday. Trump Media, which runs the Truth Social platform, opened for formal trading on Monday up about 30% and rose as high as 70% during trading hours. Many are attributing this to Trump's status as clear favourite for the November election, and in one of his first interviews since the shooting Trump said:
"I’m supposed to be dead, I’m not supposed to be here.”
Donald Trump founded the Trump Media and Technology Group back in 2021 following his loss in the 2020 presidential election. He was also temporarily banned from major social platforms, including Twitter and Facebook, at the time as they accused him of inciting violence following the Capitol Hill riots. Mr. Trump remains the majority shareholder.
Wall Street analyst Cary Leahey said the trading was "about the election more than the business" as she noted that Truth Social had been struggling to grow.
Bitcoin Surges
There was a surge in the price of Bitcoin on Monday following the assassination attempt on Trump, with the price of Bitcoin rising to around $63,700. This marked its highest level in two weeks and it notes how many feel Trump's chances in the Presidential race will benefit crypto. His campaign has long been accepting crypto donations and Trump is by far considered the more crypto friendly between himself and Biden.
Higher prices should be expected to follow, especially as Trump gets back to the campaign trail and continues his positive stance on crypto. The odds of Trump winning have climbed, and its knock on impact on a variety of markets, including the gun market, will continue to have a strong impact on cryptocurrency and Bitcoin.
Have a great day.
Peace. CryptoGod-1.
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