Trump to Speak at Bitcoin 2024 Conference, Potentially Influencing Bitcoin\'s Price-web3.0-php.cn

Trump to Speak at Bitcoin 2024 Conference, Potentially Influencing Bitcoin\'s Price

Jul 22, 2024 pm 05:42 PM

Ethereum ETF starts trading on July 23, possibly boosting Ether's price. Rumored Michael Dell appearance at Bitcoin conference could significantly affect Bitcoin's price.

Trump to Speak at Bitcoin 2024 Conference, Potentially Influencing Bitcoin's Price

Several key events are expected to unfold this week, which could significantly impact the price of Bitcoin.

Former U.S. President Donald Trump is set to speak at the Bitcoin 2024 Conference in Nashville on July 27. This marks the first time a former U.S. president will attend a Bitcoin conference.

Trump's speech is highly anticipated by the crypto community, and it could lead to big changes in Bitcoin's price. If Trump speaks positively about crypto and announces any plans to integrate it with AI, we could see a surge in buying pressure.

Moreover, Trump's vice-presidential pick, JD Vance, is a known crypto supporter. If they discuss crypto-related policies and announce any plans for better rules for digital assets, it could benefit the entire crypto market.

On the other hand, if Trump's speech doesn't mention crypto or includes any negative remarks, it could lead to a sell-off and a drop in Bitcoin's price.

Overall, Doctor Profit believes that Trump's speech will have a significant impact on Bitcoin's price, and it's crucial to pay attention to the details of his address.

In addition to Trump's appearance, President Biden's surprising decision to withdraw from the 2024 presidential race could also benefit the crypto market.

Initially, many expected Biden to easily secure the Democratic nomination and win the presidency again. However, his recent approval ratings and handling of various issues, including crypto regulation, have sparked conversations about a potential shift in the political landscape.

If Biden's withdrawal leads to a more crypto-friendly candidate securing the presidency, we could see sustained buying pressure and a positive trend for Bitcoin and other cryptocurrencies in the coming months.

Furthermore, the Ethereum ETF is finally set to begin trading on Tuesday, July 23. This event has been highly anticipated by investors and traders alike.

The launch of the ETH ETF is expected to bring a positive trend for Ethereum. However, the magnitude of the price increase will depend on various factors, including the demand for the ETF, the overall market conditions, and the regulatory environment.

Despite the recent approval of a Bitcoin ETF, the SEC has yet to approve a spot ETF for Bitcoin. This decision continues to puzzle many crypto enthusiasts, given the availability of Bitcoin futures ETFs.

Nevertheless, the launch of the Ethereum ETF is a significant step forward for the crypto industry. It will provide investors with an accessible and regulated way to gain exposure to Ethereum, which could ultimately drive demand and push its price higher.

According to Bitwise Chief Investment Officer Matt Hougan, the new ETF could push Ether's price above $5,000 by the end of 2024. Considering Ether's current price of $3,511, this would represent a 40% increase.

However, it's important to note that this is just a prediction, and the actual price movement will depend on a multitude of factors, including market sentiment, economic conditions, and regulatory developments.

In the realm of rumors, Doctor Profit mentions that Elon Musk might attend the conference. While this remains unconfirmed, it would undoubtedly generate massive attention and potentially influence Bitcoin's price.

Interestingly, Dell's net worth is reportedly 10x that of Michael Saylor. If Dell were to discuss crypto or announce any initiatives, it could have a far greater impact on Bitcoin's price than Saylor's presence would.

To put things into perspective, Saylor's company, MicroStrategy, has played a significant role in driving Bitcoin's price over the past two years. The company's large-scale Bitcoin purchases and hodling strategy have attracted attention and influenced the market.

However, Dell's potential appearance at the conference could amplify the spotlight on crypto and potentially lead to a substantial price movement, either positively or negatively, depending on his statements or actions.

Overall, several key events are converging this week, and they have the potential to significantly influence Bitcoin's price. From Trump's speech to the Ethereum ETF launch and rumors of Michael Dell's attendance, the crypto community will be closely following these developments and speculating on their impact.

The above is the detailed content of Trump to Speak at Bitcoin 2024 Conference, Potentially Influencing Bitcoin\'s Price. For more information, please follow other related articles on the PHP Chinese website!

Statement

The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn

Trend Research Analysis: ETH optimistic forecast is $10,000 in the new cycleMay 14, 2025 pm 10:51 PM

Since the entire research report was released on April 24, 2025, TrendResearch has risen from US$1,800 to around US$2,400, with an increase of about 30% in one month. The prediction before the research report was written was even more than US$1,450. As an asset target of a scale of 100 billion, it is a rare opportunity for large funds to achieve high returns in the short term. The main reasons for firmly bullish at that time include: ETH still has stable financial data, and its status as an important infrastructure for encryption has not changed; the short-term high has been greatly adjusted (the decline of more than 60% in four months); the derivatives market has a huge short position, and the bottom spot has risen to an important support and resistance swap area after increasing volume, which is traditional financial

What is Sign Protocol (SIGN)? Guide to getting started with cross-chain verification networksMay 14, 2025 pm 10:48 PM

Blockchain technology continues to change the way people exchange value, verify information and build trust online. As decentralized applications flourish in various industries, the ability to confirm statements and identities across multiple blockchains has become increasingly important and complex. Traditional trust models that rely on centralized authority are often insufficient to support a decentralized ecosystem, so the demand for blockchain native verification solutions is also growing. SignProtocol (SIGN) addresses this challenge by providing a framework for creating, verifying, and managing proofs across multiple blockchain networks. SignProtocol aims to create a full chain

Bitget announces VOXEL transaction rollback! The user will be compensated for the lossMay 14, 2025 pm 10:45 PM

Cryptocurrency exchange Bitget recently announced that it will roll back transactions during this period due to abnormal trading fluctuations in the VOXEL contract market and propose compensation plans. However, the use of the statement "user manipulates the market" in the official announcement has caused doubts about its improper handling of public relations, fearing that this will lead to further expansion of the crisis. The abnormal trading of BitgetVOXEL tokens has caused internal market making concerns between 8:00 and 8:30 am yesterday Beijing time, an abnormal trading event of VOXEL tokens broke out on the Bitget Exchange. The trading volume during this period even exceeded Bitcoin for a time, causing the market to question the transparency of its internal operations. After the incident occurred due to the violent fluctuation of VOXEL token prices, the community began to question the possibility of Bitget

What is KuCoin Exchange? KuCoin novice account registration teaching and security analysisMay 14, 2025 pm 10:42 PM

What is the KuCoin Exchange? KuCoin Exchange Background KuCoin Exchange Brand Story Is KuCoin Exchange safe? The first step in KuCoin account registration teaching: Register a KuCoin account step in the second step: Complete the third step of identity verification: Start two-step verification and add-on screening: KuCoin's unique GemSPACE summary KuCoin is the top 15 cryptocurrency exchanges in the world. It uses the trading platform of the whole nation as the concept, providing a safe and convenient trading experience. This article will provide you with an in-depth look at the background, security, account opening process and how to leverage KuCoin's unique Ge

What is ALPACA currency? After Binance was removed, the price of the coin soared. What is the future prospect of $ALPACA?May 14, 2025 pm 10:39 PM

Catalog ALPACA Coin Latest News and Price Updates What is AlpacaFinance (ALPACA)? How does AlpacaFinance work? What is ALPACA currency? ALPACA Token Economics ALPACA Price Trend Analysis 2025 ALPACA Price Forecast AlpacaFinance (ALPACA) Future Outlook How to buy ALPACA Coin? Summary AlpacaFinance (ALPACA) is a lending protocol on Binance Smart Chain, with the characteristics of leveraged income agriculture. Since Binance announced that it will be removed from AL on May 2

Arthur Hayes analysis: Now may be the last chance to get on the car for Bitcoins under $100,000May 14, 2025 pm 10:36 PM

Arthur Hayes, the founder of BitMex, who we are familiar with, once again made a statement on the market! This time he said on the X platform: "Seriously, relatives, now may be your last chance to buy Bitcoin below 100,000 yuan." In the Bitcoin rise in the past 30 hours, Arthur Hayes posted: "Just like the Easter Bunny, the price of $BTC will jump five times in a row!" Hayes also revealed that he will release a new article this week, with the theme of "BBCBazooka" and Treasury bond repurchase. ArthurHayes has been predicting a price decline after the price of Bitcoin fell to within 90,000 yuan, but now it has turned bullish. Looking back on his predictions for Bitcoin over the past few months, although specific numbers may

Cardano (ADA) 2025–2028 10x potential analysis: The path to revaluation of smart contract platformsMay 14, 2025 pm 10:33 PM

Cardano (ADA) 10x potential analysis for 2025–2028: The path to revaluation of value of smart contract platforms The current ADA price is about $0.778. If 10x growth is achieved, the potential price in the future will reach $7.78 and the market value is about $270 billion. This prediction is not a fantasy, but is based on Cardano's strong potential driven by multiple factors such as technological innovation, ecological expansion and market demand. 1. Technology Progress: The Combination of Smart Contracts and Zero Knowledge Proof Since Vasil upgraded, Cardano's smart contract platform Plutu

What currency is SWCH? Is it worth investing? Detailed tutorial on purchasing SWCH coinsMay 14, 2025 pm 10:30 PM

Cryptocurrency market projects have emerged with the development of blockchain, with the purpose of changing traditional financial practices, and SwissCheese is one of them. It is understood that SwissCheese is a decentralized platform that allows users to trade tokenized stocks, aiming to enhance market access and reduce transaction costs, paving the way for a more inclusive financial environment. The native token of the platform is SWCH, and its main functions are transactions, governance, etc. The project immediately attracted investors' attention after it went online, but only know what currency is SWCH? Can't we analyze that SWCH is worth investing in? Based on the current data, SWCH has a certain