Contrary
to
earlier
speculation,
Vice
President
Kamala
Harris
has
declined
to
attend
the
much-anticipated
Bitcoin

2024
conference

in
Nashville,
shifting
the
spotlight
to
former
President
Donald
Trump,
whose
highly
anticipated
speech
could
have
a
major
impact
on
Bitcoin
and
the
entire
nascent
industry.

Kamala
Harris
Opts
Out
Of
Bitcoin
Conference

Initially,
discussions
were
indicating
Harris’s
possible
participation
at
the
conference,
joining
a
lineup
that
already
boasted
figures
like
US
presidential
candidate
Donald
Trump
and
candidate
Robert
F.
Kennedy
Jr. 

 

The
news
sparked
discussions
about
the
evolving
political
landscape,
with
speculations
about
the
Democratic
party’s
stance
on
engaging
with
the
rapidly
growing
voter
block
associated
with

cryptocurrencies.

David
Bailey,
CEO
of
Bitcoin
Magazine
and
the
conference
organizer,
had

hinted

at
the
potential
addition
of
Harris
to
the
speaker
lineup
in
a
social
media
post
on
Tuesday,
suggesting
it
could
strategically
position
her
campaign
within
the
evolving
political
landscape. 

However,
recent

confirmations

from
Bailey
have
quashed
these
expectations,
redirecting
attention
to
Donald
Trump’s
upcoming
address
at
the
conference.
Bailey
stated
in
a
recent
social
media
post
on
X
(Formerly
Twitter):

Kamala
Harris
will
not
be
speaking
at
the
Bitcoin
Conference.
No
surprise.
What
can
she
say
to
us
when
she’s
actively
imprisoning
developers,
forcing
our
industry
overseas,
attacking
PoW…
it
would
have
been
a
disaster
for
her.
All
eyes
on
Trump
now.

Trump’s
BTC
Reserve
Plan

As
Bitcoinist

reported,
rumors
have
been
circulating
about
Trump’s
possible
announcement
at
the
upcoming
conference
regarding
the
consideration
of
Bitcoin
as
a
strategic
reserve
asset
for
the
US
Treasury. 

 

This

speculation

has
significantly
increased
the
anticipation
surrounding
his
speech,
with
potentially
positive
implications
not
only
for
Bitcoin
but
also
for
the
broader
cryptocurrency
industry
should
Trump
secure
a
return
to
the
Oval
Office
in
2025.

Recent

statements

from
Dennis
Porter,
co-founder
of
the
non-profit
organization
Satoshi
Act,
have
added
fuel
to
these
speculations.
Porter
claimed
that
Trump
intends
to
unveil
Bitcoin
as
a
strategic
reserve
asset
for
the
United
States,
a
move
he
considers
a
logical
step
supported
by
credible
sources. 

Nonetheless,
despite
the
initial
optimism
surrounding
Trump’s
potential
announcement,
Polymarket
bookmakers
have

indicated

a
shift
in
market
sentiment. 

The
likelihood
of
Trump
declaring
Bitcoin
as
a
US
strategic
reserve
asset
has
decreased,
with
current
betting
odds
suggesting
a
lower
probability
of
such
an
announcement
by
July
28.

At
the
time
of
writing,
the
largest
cryptocurrency
on
the
market
was
trading
at
$66,300.
This
does
not
represent
a
significant
change
from
Tuesday’s
price
value,
as
BTC
has
been
consolidating
around
this
zone
for
the
past
few
days. 

 

Featured
image
from
DALL-E,
chart
from
TradingView.com 

Go to Source
Author: Ronaldo Marquez

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