Former President Donald Trump is set to deliver a keynote speech at the Bitcoin 2024 event in Nashville, Tennessee, on July 27.
TakeAway Points:
- The former president, Donald Trump, will discuss his support for Bitcoin during his speech at the Bitcoin conference in Nashville on July 27.
- On the final day of the conference, July 25–27, Trump is expected to speak at 2 p.m. CT.
- His embrace of Bitcoin is in line with his current pro-Bitcoin ideas inside the Republican Party platform and stands in contrast to his prior reservations.
- According to a recent poll, more than one in four Republicans (28%) have engaged in crypto ownership, with this involvement skewing towards younger, male demographics.
Donald Trump will talk at a Bitcoin Conference
The upcoming Bitcoin conference in Nashville, Tennessee, will feature a significant appearance by former President Donald Trump. The conference, scheduled to run from July 25-27, will see Trump speak for 30 minutes at 2 p.m. CT on the final day. This announcement was confirmed by the conference organizers on Wednesday, following speculation fueled by reassigned speaker slots to accommodate a “very special guest.”
According to the report, Trump’s recent pivot towards pro-Bitcoin rhetoric marks a notable shift from his previous skepticism during his first administration. His newfound support for the crypto industry was first highlighted at his NFT gala this spring, where he introduced pro-Bitcoin policies to the Republican Party platform. This move starkly contrasts with the current Biden administration’s stance on cryptocurrency.
Polls Show possible influence of Voters
According to a recent survey funded by bitcoin investment company Paradigm, Trump’s adoption of cryptocurrencies may have a favourable impact on his support base. More than a thousand probable GOP voters were questioned for the Echelon Insights poll, which was conducted in mid-June. According to the polls, Trump’s pro-crypto position has caused 13% of Republicans who had not planned to vote for him to change their minds.
The poll also revealed that 60% of respondents believe Congress should establish clear regulations for crypto businesses, reflecting a general dissatisfaction with the current financial system among Republicans. Katie Biber, Paradigm’s chief legal officer, and Alex Grieve, the company’s government affairs lead, noted, “Republicans understand the appeal of crypto and support congressional action to establish clear and predictable rules.”
Republican voter demographics and views on Cryptocurrencies
In addition, the poll highlighted that more than one in four Republicans (28%) have engaged in crypto ownership, with this involvement skewing towards younger, male demographics. Additionally, an overwhelming 94% of respondents believe their personal financial records should remain private. Among those familiar with central bank digital currencies (CBDCs), 68% opposed the idea for the U.S.
the result of the poll shows that the sentiment towards crypto among Republicans is complex. While 36% of respondents had a positive impression of crypto, 30% held a negative view, with a margin of error of 3.5%. This indicates a nuanced perspective within the party. A separate Harris Poll in May showed that 31% of voters in key swing states had a positive view of crypto, and a third of the electorate indicated that candidates’ crypto positions would influence their voting decisions.
