Trump will attend the Bitcoin Conference on 7/27! Is BTC included in US reserves? Spot ETFs saw net inflows of US$3.1 billion in three weeks

This site (120bTC.coM): The U.S. presidential election will be officially held on November 5 this year. Candidates from the Democratic and Republican parties frequently release good news about the cryptocurrency field to win the support of people in the cryptocurrency field.

Former US President Donald Trump, who represents the Republican Party, is actively seeking votes to face off against Kamala Harris, the current US Vice President who is running for Joe Biden.

Trump plans to deliver a speech at the Bitcoin2024 conference

In this context, Trump, who has publicly supported Bitcoin and cryptocurrencies several times, will attend the event in Tennessee this week (7/25~7/27) Bitcoin 2024 conference at Music City Center in Nashville, where he plans to speak.

Brandon Green, event organizer and chief of staff of BTC Inc., said that the content of Trump’s speech may have a positive impact on Bitcoin: No one knows what Trump will say except Trump himself. However, we are very optimistic that this will be a positive message from him to the Bitcoin community. In fact, we think this will be a historic message

Green added that Trump is a Bitcoin skeptic-turned-supporter, and that the team discussed many crypto topics with Trump: We saw this with the former Opportunities for the President to reach out and discuss with him what Bitcoin is, why countries might be interested in Bitcoin, and why the United States in particular might be interested in Bitcoin strategy. These conversations are very positive

In addition, this Bitcoin 2024 conference not only invites Trump to give a speech, but also many well-known figures in politics and business will come to give speeches, including independent American presidential candidate Robert F. Kennedy Jr., ArkInvest CEO Cathie Wood, founder of MicroStrategy Michael Saylor, etc.

It is worth mentioning that Foxbusiness reporter Eleanor Terrett posted on the social platform X on the 22nd that Elon Musk’s private plane recently landed in Tennessee. The market predicts that Musk will participate in the Bitcoin 2024 conference, and there are even rumors that Musk will give a speech at the conference or have a conversation with Trump.

Bitcoin spot ETF has shown capital inflows for three consecutive weeks

Since Trump announced that he would participate in the Bitcoin 2024 conference on July 11, the price of Bitcoin has continued to rise from around US$58,000, and has increased by more than 15% so far. It is currently quoted at US$66,986.

In addition, according to CoinShares data, the Bitcoin spot ETF saw an inflow of US$1.27 billion last week. This is the third consecutive week that the Bitcoin spot ETF has received inflows, with a cumulative inflow of more than US$3.1 billion in three weeks.

Bitcoin Spot ETF Weekly Net Flow

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