- Trump is offering $844,600 roundtable seats at the Bitcoin Conference for high-tier donors
- Cryptocurrency surged to a two-week high after the assassination attempt
Former President Donald Trump is making news across the crypto-space yet again. This time, it’s for a unique fundraising effort directed at cryptocurrency industry insiders, on the back of Trump confirming his attendance at the Bitcoin [BTC] Conference on 27 July in Nashville, Tennessee.
Trump’s $844K roundtable
At the conference, Trump will be offering exclusive opportunities for high-tier donors, including a coveted seat at a roundtable discussion priced at $844,600.
Source: secure.winred.com
These top-tier tickets are priced at the highest amount an individual can legally donate to Trump and the Republican party’s main fundraising group – Trump 47 Committee.
Additionally, attendees can snap a photo with Trump for $60,000 per person or $100,000 per couple, as per the event invitation.
Needless to say, many, including organizers of the event, are very excited about the possibilities. According to The Bitcoin Conference,
“In just 7 days, the eyes of the world will be on Bitcoin.”
Impact on Bitcoin
The cryptocurrency’s market has received the news well too. In fact, a separate tweet highlighted that since Trump accepted the invitation to attend the conference, BTC has risen by +10%.
It might be a different ball game over the shorter term though. At the time of writing, the crypto was down almost 2%, with BTC valued at $64,168 on the charts.
On the contrary, the Relative Strength Index (RSI) at 58 indicated strong bullish sentiment – A sign of long-term hodlers’ confidence.
Source: TradingView
This was further supported by AMBCrypto’s analysis of Santiment data, which revealed falling price volatility. This could mean a more stable BTC price with fewer fluctuations.
The decline in negative sentiments hinted at a similar trend too.
Source: Santiment
Trump’s resilience on point
Despite the assassination attempt, Trump’s resilience and support for cryptocurrencies is starkly evident at this point. That is the reason why the cryptocurrency hiked to a 2-week high, within 24 hours of the former President surviving the assassination attempt.
At the time, Tony Sycamore, a market analyst at IG, put it best when he said,
“He’s certainly positioned himself as pro-crypto and as the odds of his reelection were galvanised by the shooting on the weekend, it’s certainly put a big boost underneath the bid in crypto markets and bitcoin obviously, just an absolute standout.”