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Former President Donald Trump will deliver a keynote speech at the Bitcoin 2024 event in Nashville, Tennessee on July 27.
Important points:
- Former President Donald Trump will explain his support for Bitcoin during his speech at the Bitcoin Conference in Nashville on July 27.
- On the final day of the conference, July 25-27, Trump is expected to speak at 2 p.m. CT.
- His embrace of Bitcoin is in line with his current pro-Bitcoin ideas within the Republican Party platform and stands in contrast to his earlier reservations.
- According to a recent poll, more than one in four Republicans (28%) have engaged in cryptocurrencies, with this involvement particularly prevalent among younger, male demographics.
Donald Trump to speak at Bitcoin conference
The upcoming Bitcoin conference in Nashville, Tennessee, will feature a major appearance from former President Donald Trump. The conference, scheduled for July 25-27, will feature Trump speaking for 30 minutes at 2 p.m. CT on the final day. The announcement was confirmed by conference organizers on Wednesday, following speculation fueled by reassigned speaker slots to accommodate a “very special guest.”
According to the report, Trump’s recent turn to pro-Bitcoin rhetoric marks a notable shift from his earlier skepticism during his first administration. His newfound support for the crypto industry was first highlighted at his NFT gala this spring, where he introduced pro-Bitcoin policies to the Republican Party platform. This move contrasts sharply with the current Biden administration’s stance on cryptocurrency.
Polls show possible voter influence
Trump’s adoption of cryptocurrencies could have a positive impact on his base, according to a recent study funded by bitcoin investment firm Paradigm. More than 1,000 likely GOP voters were surveyed for the Echelon Insights poll, which was conducted in mid-June. According to the poll, Trump’s pro-crypto stance has changed the minds of 13% of Republicans who weren’t planning on voting for him.
The poll also found that 60% of respondents believe Congress should set clear regulations for crypto companies, reflecting a general dissatisfaction with the current financial system among Republicans. Katie Biber, Paradigm’s chief legal officer, and Alex Grieve, the company’s leader of government affairs, noted, “Republicans understand the appeal of crypto and support Congress’ action to set clear and predictable rules.”
Demographics of Republican Voters and Their Opinions on Cryptocurrency
Additionally, the poll highlighted that more than one in four Republicans (28%) are engaged in crypto ownership, with this engagement particularly focused on younger, male demographics. Additionally, an overwhelming 94% of respondents believe their personal financial information should remain private. Of those familiar with central bank digital currencies (CBDCs), 68% opposed the idea for the U.S.
The poll results show that sentiment toward crypto among Republicans is complex. While 36% of respondents had a positive view of crypto, 30% had a negative view, with a margin of error of 3.5%. This suggests a nuanced perspective within the party. A separate Harris Poll in May found that 31% of voters in key swing states had a positive view of crypto, and a third of the electorate said candidates’ crypto positions would influence their voting decisions.
