Key Takeaways
- After Trump’s assassination attempt, Bitcoin jumped from $57K to $62K.
- Donald Trump remains a staunch supporter of crypto despite the attack.
- The tumult of U.S. politics put crypto on a new rollercoaster ride.
Despite the recent life-changing scare former president Donald Trump faced at his rally in Butler, Pennsylvania, he is still planning on attending upcoming events, including the Nashville Bitcoin Conference, in keeping with his consistent profile as a vocal cryptocurrency supporter.
Is Donald Trump also emerging as ‘the crypto president’?
This is not Trump’s first triumphant emergence. Trump is known for standing mightily for those things he believes in. If he does win in November, he could emerge as “the first US crypto president.” During his current presidential campaign, he has always sought to position himself as a strong crypto advocate. His team has recently confirmed that the former president is still happy to speak at the Bitcoin conference to be held in Nashville on July 27, 2024, as planned.
Bitcoin Surge and Election Boost
Following Trump’s rally, Bitcoin rapidly jumped from $57K to $62K, reaching a two-week high. According to Polymarkets, Trump’s rating also surged to over 70% after the assassination attempt, boosting his image and giving him all-time high odds of winning.
Adding to the momentum, the Solana-based memecoin Tremp (TREMP) surged by 50% shortly after the incident, while the Ethereum-based meme coin, MAGA (TRUMP), saw a remarkable 35% increase in value.
With the upcoming U.S. election and the expectation for more developed crypto regulation, the crypto industry is at a critical juncture and could experience a massive transformation. In contrast with Joe Biden’s administration and presidential campaign, the Republican candidate has strongly voiced his position in the crypto industry.
Trump Takes the Fight to Biden
Trump has repeatedly accused Biden of having “ridiculous regulations,” and he has pointed out specifically that he will “stop Joe Biden’s crusade to crush crypto.”
“I will ensure that the future of crypto and the future of Bitcoin will be made in the US, not driven overseas. I will support the right to self-custody to the nation’s 50 million crypto holders”, he stated in May at the Libertarian Party’s national convention in Washington DC.
Dr. Lorena Nessi is an award-winning journalist and media technology expert with 15 years of experience in digital culture and communication. Based in Oxfordshire, UK, she combines academic insight with hands-on media practice.
She holds a PhD in Communication, Sociology, and Digital Cultures, and an MA in Globalization, Identity, and Technology.
Lorena has taught at Fairleigh Dickinson University, Nottingham Trent University, and the University of Oxford. She is a former producer for the BBC in London, with additional experience creating television content in Mexico and Japan.
Her research focuses on digital cultures, social media, technology, capitalism, and the societal impact of blockchain innovation.
She has written extensively on digital media and emerging technologies, with her work featured in both academic and media platforms. Her Web3 expertise explores how blockchain technologies shape culture, economics, and decentralized systems.
Outside of work, Lorena enjoys reading science fiction, playing strategic board games, traveling, and chasing adventures that get her heart racing. A perfect day ends with a relaxing spa and a good family meal.
