Bitrabo Editorial
Vice President Kamala Harris has decided not to attend the Bitcoin 2024 conference in Nashville, redirecting focus to former President Donald Trump, whose upcoming speech could have notable implications for Bitcoin and the burgeoning industry.
Harris’s Absence from Bitcoin Conference
Initially, there were talks about Harris potentially speaking at the conference, alongside figures like Donald Trump and Robert F. Kennedy Jr.
This development sparked conversations about the evolving political landscape, particularly regarding the Democratic party’s approach to engaging with the expanding voter base associated with cryptocurrencies.
David Bailey, the CEO of Bitcoin Magazine and the event organizer, had hinted at the possibility of Harris joining the list of speakers, suggesting strategic positioning for her campaign in the political realm.
However, recent confirmations from Bailey have dismissed these expectations and turned attention towards Donald Trump’s forthcoming address at the conference.
Trump’s Plan for Bitcoin Reserves
Rumors have circulated about Trump potentially announcing at the conference the consideration of Bitcoin as a strategic reserve asset for the US Treasury.
This speculation has heightened anticipation around his speech, with potential positive ramifications not just for Bitcoin but also for the wider cryptocurrency sector if Trump seeks a return to the presidency in 2025.
Statements from Dennis Porter, co-founder of Satoshi Act, have further fueled these speculations, suggesting that Trump plans to introduce Bitcoin as a strategic reserve asset for the United States, a move supported by credible sources.
Despite the initial optimism, Polymarket bookmakers have noted a shift in market sentiment, indicating a decreased probability of Trump declaring Bitcoin as a US strategic reserve asset.
Bitcoin, the largest cryptocurrency, was trading at $66,300 at the time of reporting, showing minimal change from previous values as it has stabilized around this range recently.
Image source: DALL-E, chart source: TradingView.com