Former President Donald Trump is set to headline a Bitcoin BTC/USD Conference fundraiser in Nashville, with top-tier tickets reportedly fetching a staggering $844,600 per person.
What Happened: The event is slated for July 27 and will coincide with Trump’s anticipated keynote speech at the conference, a significant event for cryptocurrency enthusiasts, CNBC reported on Friday. The premium tickets, which provide a seat at a roundtable with Trump, are priced at the maximum donation amount permissible for individuals to donate to Trump and the Republican party’s largest joint fundraising committee, the Trump 47 Committee.
Lower-tier tickets include a photo opportunity with the former president, priced at $60,000 per person or $100,000 per couple. Trump agreed to headline the event at the Music City Center shortly after surviving an assassination attempt on July 13.
Recently, Trump has emerged as a pro-crypto presidential candidate, a departure from his previous stance during his presidency. His campaign team is accepting digital currency donations, and he has personally pledged to protect the rights of those who choose to self-custody their coins.
Why It Matters: Trump’s pro-crypto stance contrasts sharply with the Biden administration’s skeptical approach to crypto regulation. The Republican presidential nominee recently named J.D. Vance (R-Ohio), a known advocate for looser crypto regulation, as his running mate. This move is seen as a significant win for the crypto sector.
After a meeting with bitcoin mining executives at Mar-a-Lago, Trump declared that all future bitcoin will be minted in the U.S., should he return to the White House. This election cycle, the crypto contingent has become a key source of cash and votes. This aligns with Trump’s broader strategy to position the U.S. as a leader in emerging technologies.
However, billionaire entrepreneur Mark Cuban believes that Trump’s re-election won’t directly impact Bitcoin’s price. He suggests that while Trump’s presidency might make it easier to operate crypto businesses due to anticipated changes at the Securities and Exchange Commission (SEC), this alone won't be the primary driver of Bitcoin's value.
Read Next:
Image Via Shutterstock
This story was generated using Benzinga Neuro and edited by Pooja Rajkumari
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
