Former President Donald Trump is making news across the crypto-space yet again. This time, it\'s for a unique fundraising effort

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

Former President Donald Trump will be making an appearance at The Bitcoin [BTC] Conference on 27 July in Nashville, Tennessee. Now, his attendance at the crypto event has opened the doors to a unique fundraising effort directed at cryptocurrency industry insiders.

According to the event invitation, Trump will be offering exclusive opportunities for high-tier donors. This includes a coveted seat at a roundtable discussion priced at an eye-watering $844,600. 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.

Moreover, attendees can also choose to snap a photo with Trump for $60,000 per person or $100,000 per couple. Needless to say, many, including the organizers of the event, are quite excited about the possibilities.

“In just 7 days, the eyes of the world will be on Bitcoin,” The Bitcoin Conference highlighted in a separate tweet.

The cryptocurrency’s market has received the news well too. In fact, another 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.

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.

Trump's resilience on point

Despite the assassination attempt, Trump’s resilience and support for cryptocurrencies were 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.”

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