Opposite to earlier hypothesis, Vice President Kamala Harris refuses to attend the extremely anticipated Bitcoin Summit 2024 Convention In Nashville, the main target shifts to former President Donald Trump, whose extremely anticipated speech might have a significant impression on Bitcoin and the nascent trade as an entire.
Kamala Harris opts out of Bitcoin convention
Initially, discussions recommended Harris would possibly attend the convention, becoming a member of a lineup that already contains the likes of U.S. presidential candidate Donald Trump and candidate Robert F. Kennedy Jr.
The information sparked dialogue concerning the altering political panorama, with hypothesis about Democrats’ stance on reaching out to a quickly rising phase of the voters. cryptocurrency.
David Bailey, CEO of Bitcoin Journal and convention organizer trace Harris posted on social media on Tuesday that she would possibly be part of the speaker lineup, an indication that it might strategically place her marketing campaign within the altering political panorama.
Nevertheless, lately affirmation Bailey’s speech shattered these expectations and shifted consideration to Donald Trump’s upcoming speech on the convention. Bailey stated in a current social media put up on X (previously Twitter):
Kamala Harris won’t converse at Bitcoin convention. No surprises. What can she say to us when she is actively imprisoning builders, forcing our trade abroad, and attacking PoW… this can be a catastrophe for her. All eyes at the moment are on Trump.
Trump’s Bitcoin Reserve Plan
As a Bitcoinist reportRumors have been circulating that Trump might announce at an upcoming assembly that he’s contemplating Bitcoin as a strategic reserve asset for the U.S. Treasury Division.
this guess Considerably growing expectations for his speech, if Trump returns to the Oval Workplace in 2025, it might have a constructive impression not solely on Bitcoin however on the broader cryptocurrency trade.
current assertion Including gasoline to the hypothesis was Dennis Porter, co-founder of the nonprofit Satoshi Act. Porter claimed that Trump intends to make use of Bitcoin as a strategic reserve asset of the USA, which he believes is a logical step supported by dependable sources.
Nonetheless, regardless of preliminary optimism about Trump’s potential announcement, bookmaker Polymarket has indicated Shifts in market sentiment.
The chance of Trump declaring Bitcoin a U.S. strategic reserve asset has declined, with present betting odds indicating a decrease chance of an announcement earlier than July 28.
As of this writing, the most important cryptocurrency in the marketplace is buying and selling at $66,300. This doesn’t symbolize a significant change from Tuesday’s value, as Bitcoin has been consolidating on this space over the previous few days.
Featured photographs from DALL-E, charts from TradingView.com
