Bitcoin
Donald Trump to Speak at Bitcoin Conference in Nashville, Tennessee

Presumptive Republican presidential nominee Donald Trump is scheduled to speak at the next Bitcoin Conference in Nashville, Tennesseelater this month. While this is the first time a presidential candidate will attend the conference, it has sparked a debate over whether Trump will receive support from the crypto community in the upcoming election.
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Moe CandleSenior Consultant for Unicoin and former senior adviser to Joe Biden, told Quartz in an email that it’s a smart move. “I think it’s inevitable that Trump’s presence at the Bitcoin conference will increase his support from the crypto community. It’s a strategic move from a political perspective,” Vela said.
He said that in the Bitcoin Conference, which is scheduled for July 25-27Trump will say nothing more than political bluster and flattery. “He will simply say what his audience wants to hear. Not long ago, he was criticizing cryptocurrency and denouncing it.”
In this election year, Trump declared himself a “crypto candidate” at a gala in Mar-a-Lago. He later announced that he would accept donations in Bitcoin, Ether, Dogecoin, Solana and other cryptocurrencies.
His stance on cryptocurrency represents a significant turnaround. A few years ago, he denounced Bitcoin as “a blow against the US dollar” and said that central bank digital currencies are “very dangerous.” In recent years, he has said that cryptography is “a disaster waiting to happen” and that he’s “not a fan of it.” But now he says he is “good” with cryptocurrencies.
After hearing Trump make several pro-crypto statements during his campaigns, President Biden’s re-election campaign is following suit when considering accepting donations in Bitcoin and cryptocurrencies. Not only that, but the Democrats’ tune on Bitcoin and other cryptocurrencies has changed. Those who have traditionally opposed it are now singing a more pro-crypto tune, distancing itself from Democratic Senator Elizabeth Warren’s hardline stance on Bitcoin.Under Biden’s leadership, the US House of Representatives passed a pioneering cryptocurrency market structure bill for two months now, which aims to regulate the sector in general.
The crypto community is eager to see what both leaders — and especially Trump — have to say and do about crypto. Trump has not yet stated how he plans to support the growth of cryptocurrency and blockchain through policy. However, He met with cryptocurrency miners last month and said that all remaining Bitcoin should be created in the US.
What does the crypto community think of Trump?
But that doesn’t mean the crypto community is more inclined to support Trump than Biden, Vela said in the email. That’s because there’s a diverse population in the crypto community, with a large number of millennials, Gen Z and young professionals, he added.
According to Vela, it’s not too late for the Democratic Party to gain support from the crypto community, but they’re clearly running out of time. “If the Democratic party and the Biden campaign presented a balanced policy and regulatory approach, they would still be able to attract many in the crypto community,” he said.
Cryptocurrency companies are contributing millions of dollars to political campaigns during this election year. This is a new trend that reflects the understanding that crypto has become a significant political topic, and its future could be influenced by the outcome of the US presidential election. For example, Coinbase, the largest cryptocurrency exchange in the US, recently donated $25 million in June to support Fairshake, a super political action committee that aims to help elect pro-digital asset candidates by voting anti-crypto politicians out of Congress.
The Winklevoss twins, founders of cryptocurrency company Gemini, each donated 15.47 Bitcoins or $1 million in June to support Donald Trump campaign. Tyler Winklevoss posted in X that President Biden’s Democratic administration has “openly declared war on cryptocurrency,” while Cameron Winklevoss he wrote that Trump is “pro-Bitcoin, pro-crypto and pro-business.”
Jesse Powell, CEO of cryptocurrency exchange Kraken, has donated $1 million to Trump’s campaign. He wrote that the Biden administration has allowed a “campaign of unchecked regulation through enforcement.”
Vela agreed that at this point, it is clear that the Trump campaign is outmaneuvering crypto as a political issue in this campaign than the Biden campaign. He mentioned that the Biden campaign should increase its efforts to reach out to the crypto community.
Amid the election and crypto chaos, the much bigger point is how crypto will influence finance and our future. “Both candidates and both parties must come to the conclusion that crypto is here to stay and is an integral part of the future of our country and economy,” he said.
Bitcoin
Bitcoin Will Surge to $100K After Q4, Here’s Why

Dan Weiskopf, portfolio manager at Tidal Financial Group, spoke with David Lin and discussed the future prospects of Bitcoin. The focus was on the future of Bitcoin, especially its potential to reach $100,000. The talk also touched on recent market trends, noting strong interest in Bitcoin ETFs as a possible boost to its price. Looking ahead, there is hope that more platforms will approve Bitcoin ETFs, possibly pushing its price to $100,000.
Forecasts and Volatility: The Path to New Highs
While some predict Bitcoin could go as high as $150,000 or even $1 million, Dan agrees that it needs to hit $100,000 first. Dan also acknowledged Bitcoin’s volatility, saying that large price drops of as much as 50% to 70% could happen, drawing on his experience since 2017.
“We’re going to new highs because I think partly because ETF inflows have been really strong lately. Yeah, and then I think you’ll have more platforms approving spot Bitcoin ETFs in Q4, and we’re going to go up to 100K,” he said.
Big Investors and the Transformative Power of Bitcoin
He also discussed what is persuading large investors to get in on this cycle. He mentioned two key factors. Many argue that if you haven’t invested in Bitcoin, you’re missing out, citing its strong performance over the past decade. This pressure could influence returns and client expectations.
However, he emphasized a deeper reason: if you are not embracing the transformation driven by Bitcoin and digital assets, you may face challenges. This technology has the potential to reshape industries, just as the internet revolutionized business.
“A lot of people look at Bitcoin and crypto and don’t appreciate that with higher prices comes more supply. We talk about 100K, I would expect more supply to come into the market as we go up, and that’s not really new news, but it’s higher demand that’s offsetting that supply,” he added.
Read too: It’s time tor ETH Point ETF: Here’s What to Expect From the Ethereum Price Rally
Bitcoin
Bitcoin Jumps as Markets See Increased Chances of Trump Victory

CFOTO | Future Publishing | Getty Images
Bitcoin hit a two-week high on Monday as betting markets suggested a higher chance of crypto-friendly candidate Donald Trump winning the US presidential election.
The value of the world’s largest cryptocurrency, bitcoin, was up about 5% as of 1:40 p.m. London time to $62,781.48, according to CoinGecko.
The rally follow the dramatic and failed assassination attempt about the former president Trump on Saturday.
“There is a ‘parallel’ to the assassination of President Reagan in 1981,” even though it was not an election year, Ben Emons, chief investment officer at FedWatch Advisors, said in an emailed note.
“After the incident, Reagan’s popularity skyrocketed amid a double-dip recession. The S&P 500, however, fell 9% in the aftermath due to the economic malaise. But in the current strong economy, former President Trump’s favorability is likely to skyrocket and impact markets positively.”
Investors said on the weekend they were hoping that so-called “Trump victory trades” would get a boost. These trades broadened to include several cryptocurrency stocks, such as Coinbase Global and miner Riot platformswhich rose 4.5% and 5.25%, respectively, in pre-market trading.
“Bitcoin’s price rose about 9% over the weekend, which could indicate that investors are hoping that a Trump presidency will create a more favorable regulatory climate for the crypto industry,” Zach Pandl, head of research at Grayscale Investments, told CNBC in an email.
Trump has yet to lay out any detailed proposals on cryptocurrency regulation, but the Republican candidate is now seen as broadly supportive of the sector — despite his past skepticism. He is set to speak at a major annual bitcoin conference later this month.
Trump’s campaign started accepting donations of the cryptocurrency industry in May and its the message became increasingly positive about the future of these digital assets. He also sought to position oneself against Democrats who are in favor of controlling the industry, such as Senator Elizabeth Warren.
“In addition, macro policy changes under a second Trump presidency — including continued deficit spending, reduced U.S. leadership in international affairs, weaker Federal Reserve independence, and a desire for currency weakness to help reduce the trade deficit, among other things — could introduce downside risks to the U.S. dollar in the medium term. Any downside risks to the U.S. dollar could provide support for Bitcoin’s price,” Pandl added.
Last month, analysts at Standard Chartered said that the US presidential election is the next key catalyst for bitcoin’s price and a Trump victory could push it to $150,000 by the end of the year.
“Cryptocurrencies have not had an easy time in recent months. We are currently in a crisis of previously growing capital inflows into this market that can be measured by the capitalization of stablecoins, which has frozen in the last two months,” Grzegorz Drozdz, market analyst at Conotoxia, told CNBC in an email.
With a higher likelihood of a Trump presidency and the consequent reduced chances of unrest and destabilization in the US, Drozdz now sees a potential “influx of confidence into the markets,” which could positively impact cryptocurrencies and bitcoin in the coming weeks.
Bitcoin
Germany Sells Final Bitcoin Reserves of Initial $3 Billion in Holdings

Germany Sells Final Bitcoin Reserves of Initial $3 Billion in Holdings
The German government completed the sale of its remaining Bitcoin holdings on July 12. The final transaction involved 3,846 Bitcoin, valued at around $62,604 per Bitcoin, which were sent to “Flow Traders and 139Po,” entities likely for institutional/OTC deposit services, according to for Arkham Intelligence.
The majority of the 50,000 Bitcoins sold by the German government over the past three weeks originated from asset seizures. This sale marked the culmination of weeks of increased sales activity by the German government, which unloaded tens of thousands of Bitcoins in multiple tranches. This significant liquidation was a key factor in keeping the Bitcoin selloff at a low of $54,000 on July 5.
Despite Germany’s exit from its Bitcoin holdings, market pressures remain due to Mt. Gox’s impending $9 billion repayment plan. The Mt. Gox exchange, which collapsed in 2014 when Bitcoin was still in the hundreds of dollars, has long been a source of market anxiety. The repayment plan aims to compensate creditors, potentially adding significant selling pressure to the market in the coming weeks. However, it is difficult to estimate the impact of Mt. Gox’s repayment on the markets due to several factors.
Amid heightened selling pressure, institutional investors seized the opportunity to buy the dip. Data from CoinShares showed that U.S. exchange-traded funds (ETFs) saw $295 million in inflows during the week of July 8, reversing a trend of suppressed inflows into these investment funds. This activity suggests that institutional investors remain confident in Bitcoin’s long-term prospects.
Bitcoin
Bitcoin surges as traders bet on Donald Trump election victory after shooting

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Bitcoin surged on Monday following an assassination attempt on Donald Trump, as investors increased their bets on the former president winning the US presidential election in November.
Bitcoin’s price rose as much as 9.1 percent to $62,830, its highest level in two weeks, after a shooter hit Trump in the ear at a campaign rally over the weekend. The Republican is seen as the most pro-crypto candidate, having hosted industry executives at Mar-a-Lago and expressed enthusiasm for bitcoin mining in the U.S.
Trump’s campaign also accepted cryptocurrency payments, a first for a major U.S. political party, raising hopes of an end to the U.S. regulatory crackdown on the sector seen in recent years.
“The probability of a Donald Trump victory has increased significantly,” said Grzegorz Dróżdż, market analyst at exchange firm Conotoxia, adding that a Trump presidency would have a “positive impact” on cryptocurrencies.
Shares of Trump’s Truth social media company jumped 60 percent in premarket trading. Trump Media & Technology Group went public in March in a merger with a blank-check company and rallied ahead of the debate between Trump and President Joe Biden last month.
The slimmer chances of a second Trump presidency were also felt in broader financial markets. U.S. Treasury yields and the dollar rose in a more muted version of the reaction that followed Biden’s disastrous debate performance.
Many investors believe Trump’s tax-cutting policies would increase deficits and inflation, hurting U.S. Treasuries and boosting the dollar, in a pattern similar to what occurred after his 2016 election victory.
The U.S. dollar index, which tracks the greenback against a basket of six other major currencies, rose 0.2% in morning trade, having weakened so far in July as investors increased their bets on a September interest rate cut by the Federal Reserve.
Yields on benchmark 10-year Treasuries rose 0.03 percentage point to 4.21 percent, reflecting a small decline in price. Contracts tracking Wall Street’s blue-chip S&P 500 and the tech-heavy Nasdaq 100 rose 0.3 percent and 0.5 percent ahead of the New York open.
Monday’s movements “touch[s] with a Trumpian theme given the popular narrative that he is good for business and… his pro-crypto stance,” Rabobank analysts said in a note to clients.
“For markets, the complexities of the US political landscape have boiled down to the assumption that the weekend’s events will lead to a greater chance of Trump winning the November presidential election,” they added.
Bitcoin peaked above $70,000 in mid-March but has struggled to make headway since the so-called halving event in April, when the number of daily bitcoins available for miners to share to secure the bitcoin network fell from 900 to 450. Some analysts had expected bitcoin to rebound after the halving.
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