As a seasoned crypto investor and follower of political developments in the industry, I have closely monitored the recent news regarding Vice President Kamala Harris’ decision not to attend the Bitcoin 2024 conference and former President Donald Trump’s upcoming speech.
In contrast to previous rumors, Vice President Kamala Harris has chosen not to participate in the Bitcoin 2024 conference in Nashville. Her decision moves the focus to former President Donald Trump, whose upcoming speech holds significant potential for shaping the Bitcoin market and the burgeoning cryptocurrency industry.
Kamala Harris Opts Out Of Bitcoin Conference
At first, there were signs that Harris could be among the notable speakers at the conference, making for an impressive roster that included US presidential hopefuls Donald Trump and Robert F. Kennedy Jr.
The news ignited debates regarding the shifting political terrain, featuring conjectures concerning the Democratic party’s potential engagement with the burgeoning voting bloc tied to cryptocurrencies.
David Bailey, the CEO of Bitcoin Magazine and conference organizer, hinted on social media on Tuesday that Harris might be added to the list of speakers. This addition could strategically place her campaign in relation to the developing political landscape.
Yet, Bailey’s latest confirmation on platform X (previously known as Twitter) has put an end to those anticipations, shifting focus towards Donald Trump’s forthcoming speech at the conference instead.
Kamela Harris’ absence from the Bitcoin Conference comes as no shock. Given her actions against cryptocurrency developers, her efforts to relocate our industry abroad, and her criticisms of Proof of Work (PoW), it would have been ill-advised for her to attend. The spotlight is now on Trump.
Trump’s BTC Reserve Plan
According to Bitcoinist’s latest report, there are whispers that President Trump may reveal his intentions of designating Bitcoin as a reserve asset for the US Treasury during the upcoming conference.
The hypothesis that Trump might run for president in 2025 has caused great excitement about his upcoming speech, as a possible Trump presidency could bring significant benefits to Bitcoin and the entire cryptocurrency sector.
According to Dennis Porter, the co-founder of Satoshi Act, recent remarks he made have sparked further debate about the possibility that President Trump plans to designate Bitcoin as a strategic reserve asset for the US. Porter asserted that this action, if true, would make logical sense based on reliable information he has received.
Despite the early hopefulness about Trump’s anticipated declaration, betting markets reflect a change in public perception based on recent developments.
It’s less likely now that Trump will declare Bitcoin as the US strategic reserve asset, according to current gambling odds, which indicate a reduced chance of this happening before July 28.
Currently, Bitcoin, the leading cryptocurrency in terms of market capitalization, was priced at approximately $66,300 during my writing. This figure remains relatively stable compared to its value on Tuesday, as Bitcoin has been hovering around this range for some time now.
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2024-07-25 10:11