Donald Trump is speaking at the Bitcoin 2024 conference in Nashville, sparking speculation about announcements that could affect the cryptocurrency market. The event is expected to draw a near-record crowd, with increased security measures in place following a recent attempt on Trump's life.
Trump's appearance, along with other politicians, reflects the growing political influence of the crypto industry in the 2024 election year. The conference is seen as an opportunity for Trump to attract funds for his campaign, as cryptocurrency donations have been accepted since May.
The Republican Party is aware of the significant number of crypto owners in the US and is targeting them as potential voters. Trump's position on cryptocurrencies has changed significantly, and his support for them has led to a reconsideration of support from some voters.
Potential attendance by Elon Musk at the conference has also been rumored. The conference is seen as an opportunity for Democrats to reset their crypto policy and win back crypto voters, as Biden's anti-crypto stance may become irrelevant if a pro-crypto Democratic nominee emerges.
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