Key points
- The fundraiser offers a photo op with Trump for $60,000.
- The exclusive reception will be limited to 100-150 donors.
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The former president is hosting a private fundraiser for the 2024 Bitcoin Conference in Nashville, with donor packages that might make even the most optimistic crypto traders raise an eyebrow.
According to a report According to Bloomberg, the former president's campaign is offering several packages for donors, including $60,000 (roughly the price of a bitcoin) for a photo shoot.
A seat at the roundtable costs $844,600 and represents the maximum combined contribution allowed to the Trump campaign and the Republican National Committee (under current campaign finance laws). The event is organized by BTC Media LLC and Trump will speak on the conference's main stage.
Trump was among the special guests at the event. Vice presidential candidate JD Vanceformer primary opponent Vivek Ramaswamy, Sen. Bill Hagerty and former Rep. Tulsi Gabbard. The exclusive reception will be limited to 100 to 150 donors, who will mingle with influential guests before getting front-row seats to Trump’s Bitcoin-focused speech.
Trump loves cryptocurrencies
Trump's new support for Bitcoin marks a milestone significant change From his previous skepticism. During a recent meeting with cryptocurrency mining executives at Mar-a-Lago, he expressed enthusiasm for cryptocurrencies and acknowledged the benefits of Bitcoin mining for power grids.
This is in stark contrast to his 2019 statement as president, when he criticized cryptocurrencies for their lack of intrinsic value and potential to facilitate illegal activities. Surviving an assassination attempt This week, Trump is once again on track to court the crypto community.
However, not everyone is happy. Recently, Ethereum co-founder Vitalik Buterin criticized The crypto community's seemingly rabid support for the presidential candidate who has been convicted on 34 counts of falsifying business records. Several Nobel Prize-winning economists also warned that, if re-elected, Trump could reignite inflation, which would be Harmful for cryptocurrencies.
Despite these indications, meme coins under the “PolitiFi” label Keep increasing As the US elections approach, with odds on polymarket betting on a Trump re-election that goes hand in hand with Bitcoin's recovered momentum.
At the time of writing, Donald Trump's personal cryptocurrency holdings already amount to $8.8 million, according to data from Arkham Intelligence.
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