Bitcoin
Bitcoin
The bitcoin price has topped $60,000 per bitcoin, up from lows of $53,000 earlier this month, as Trump’s chances of retaking the White House in November spiked on the crypto-based Polymarket prediction platform.
Trump, who was injured during a shooting at a Pennsylvania rally on Saturday, saw his chances of winning November’s presidential election jump around 10-points to 70% on the Polymarket platform that allows users to bet cryptocurrency on the outcome of almost anything.
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Former U.S. president and Republican candidate Donald Trump suffered an injury during an … [+]
President Joe Biden’s Polymarket odds of winning the election are currently on 16%.
Trump has emerged as the preferred candidate for the bitcoin and crypto community, promising to protect people’s right to hold bitcoin and being announced as a headline speaker at the Bitcoin 2024 conference later this month.
“I will make sure that the future of bitcoin will be made in the U.S. and not driven overseas,” Trump said during an event in Washington, D.C. last month. “I will support the right to self-custody.”
Trump has leaned into bitcoin and crypto in recent months after making millions from a series of crypto-based digital trading card non-fungible tokens (NFTs) and putting him starkly at odds with the Biden administration’s anti-crypto stance. Trump declared support for crypto in late May and began accepting campaign donations in bitcoin, ethereum, solana, dogecoin and shiba inu.
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The bitcoin price has swung wildly over the last few years with traders betting a Donald Trump … [+]
“[The] announcement that [Trump] will be addressing the global bitcoin community is recognition of bitcoin’s adoption and progress towards that original vision,” the Bitcoin 2024 conference organizer and the chief executive of Bitcoin Magazine David Bailey, who has claimed to be advising the Trump 2024 election campaign on bitcoin and crypto, said in a statement. Trump is due to speak at 2pm CT for 30 minutes on the last day of the July 25 to July 27 conference in Nashville, Tennessee.
“This will be the most consequential political event in bitcoin’s history and a defining cultural moment for our society.”
Trump went on a crypto charm offensive during a Silicon Valley fundraiser hosted by investors David Sacks and Chamath Palihapitiya last month, it was reported by Reuters. “He said he would be the crypto president,” Trevor Traina, a San Francisco-based tech executive and former Trump ambassador to Austria, was quoted by the newswire.