Trump Hits the Jackpot: $21 Million Raised at the Bitcoin Conference

Former President Donald Trump achieved a financial feat at the Bitcoin 2024 conference in Nashville, raising $21 million for his presidential campaign.

Trump makes a record fundraising in the crypto world

The Bitcoin 2024 conference proved to be fertile ground for Trump’s campaign. According to David Bailey, CEO of Bitcoin Magazine, the former president managed to raise an impressive $21 million during this event.

This amount comes mainly from a fundraiser organized at the Nashville Music City Center, following Trump’s 48-minute speech.

The event attracted around 100 participants, including prominent figures from the crypto industry and showbiz. The Winklevoss brothers, co-founders of Gemini, as well as celebrities like Kid Rock and Billy Ray Cyrus, were reportedly present.

The rates were up to the event: $844,600 for a “round table” with Trump, and at least $60,000 for a photo.

Trump’s profitable strategy towards Bitcoin and other cryptos

This financial success is part of a broader strategy of seducing the crypto electorate by Donald Trump. Since May 2024, his campaign has raised $4 million in cryptos, including over $2.15 million from just 19 donors.

This approach marks a significant shift from his earlier positions, which were rather hostile to digital currencies.

During his speech in Nashville, Trump announced several measures favorable to the industry, including the creation of a strategic Bitcoin reserve and the potential firing of Gary Gensler, the SEC Chairman known for his crypto-skeptic stance.

These promises have attracted many industry players, who see Trump as an unexpected ally against a perceived unfavorable regulatory environment.

The success of this event highlights the growing importance of cryptos in the American political landscape. Trump thus strengthens his financial position ahead of the 2024 presidential elections, while ensuring the support of the crypto industry.