Vice President Kamala Harris will not attend the Bitcoin 2024 conference in Nashville as previously speculated.
This shift in plans has turned the spotlight on former President Donald Trump, who is expected to give a highly anticipated speech that could significantly impact Bitcoin and the broader cryptocurrency industry.
Kamala Harris Skips Bitcoin 2024 Conference; Focus Shifts to Trump
There was initial speculation that Vice President Kamala Harris might join the Bitcoin 2024 conference in Nashville, alongside notable figures like former President Donald Trump and presidential candidate Robert F. Kennedy Jr. This possibility generated discussions about the political implications, particularly regarding the Democratic party’s engagement with the growing cryptocurrency voter base.
David Bailey, CEO of Bitcoin Magazine and conference organizer, had hinted at Harris’s potential inclusion in the lineup, suggesting it could strategically benefit her campaign. However, Bailey recently confirmed that Harris will not be speaking at the conference.
Source: Bailey Tweet
In a social media post on X (formerly Twitter), Bailey commented that Harris’s participation would have been problematic given her administration’s stance on cryptocurrency issues. With Harris out, the focus now shifts to Trump’s upcoming address, which is expected to draw significant attention from the crypto community.
Trump’s Bitcoin Announcement Speculation Grows
Rumors have been circulating that former President Donald Trump might use his upcoming speech at the Bitcoin 2024 conference to announce Bitcoin as a strategic reserve asset for the US Treasury. This speculation has heightened anticipation for his address, with potential positive effects for Bitcoin and the broader cryptocurrency industry if Trump returns to office in 2025.
Dennis Porter, co-founder of the non-profit Satoshi Act, has fueled these rumors, claiming that Trump plans to introduce Bitcoin as a strategic reserve asset, a move he believes is supported by credible sources.
However, recent market data from Polymarket shows a shift in sentiment. Betting odds suggest a reduced likelihood of Trump making such an announcement by July 28.
The 1D chart shows BTC’s sideways price action. Source: BTCUSDT on TradingView.com
As of now, Bitcoin is trading at $66,300, reflecting minimal change from earlier in the week, as the cryptocurrency has been consolidating around this price point.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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