Donald Trump, the Republican candidate for the presidency of the United States, has invited the attendees of the Bitcoin 2024 conference in Nashville to a private round table for $844,600 and a photo with the candidate for $60,000.
Donald Trump Sets $60K Photo Op Fee for Fundraiser
According to a recent report, Donald Trump is set to hold a private fundraising event at the Bitcoin 2024 conference that is planned for the late July in Nashville, Tennessee. Bloomberg noted that one of the activities in the event is a roundtable and for one to be seated in the roundtable they will have to part with $844,600.
This amount is the maximum amount of contribution for the combined Trump’s campaign and the Republican National Committee that is allowed by the current campaign finance laws.
Apart from the round table, the fundraiser also includes a photo with Trump for $60,000 per person and $100,000 per couple. The event is likely to receive 150 donors who shall have the privilege of engaging with Trump as well as other important personalities like the chosen vice-president of Trump that is Senator J. D. Vance of Ohio and the former presidential candidate Vivek Ramaswamy.
High-Profile Attendees in Bitcoin Conference
The event will be casual and allow donors to meet key persons including Senator Bill Hagerty of Tennessee and former Representative Tulsi Gabbard of Hawaii.
Participants will also have a privilege to witness Trump’s speech that will be focused on Bitcoin during the conference.
This campaign is considered as the major step of Trump toward the development of his campaign and increasing the support for the cryptocurrency industry. When the executives of the crypto-mining companies met him at his Mar-a-Lago club, Trump was positive about Bitcoin and its positive impact on power grids, a complete turnaround from his previous negative stance.
Shifting Stance on Cryptocurrency
However, this is a change of position from 2019 where Trump claimed that cryptocurrencies are worthless and can be used for criminal activities. Now, Trump supports America to become the world leader in the cryptocurrency market than China. This change is quite consistent with the crypto-friendly position of his VP pick, J.D. Vance, who plans to change the Financial Innovation and Technology for the 21st Century Act (FIT21) in a way that would be beneficial for the crypto industry.
Despite this support, not everyone in the crypto space is happy about this. Ethereum co-founder, Vitalik Buterin and other Nobel economists are concerned over Trump’s candidacy and its effects on the economy. But the crypto market has reacted to this by a rise in Trump-related memecoins known as ‘PolitiFi’ and more bets placed on Trump being re-elected while the odds of Biden stepping down increase.
There have also been speculations that Trump may decide to include Bitcoin as one of the strategic reserve assets. In this regard, Dennis Porter, CEO of the Satoshi Action Fund, estimated that such a move could change the vectors of the world economy and strengthen the position of Bitcoin as digital gold. Although these speculations have not been verified, they contribute to the expectations towards Trump’s address at the Bitcoin 2024 conference.
Read Also: Donald Trump To Reportedly Announce Bitcoin Strategic Reserve
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Kelvin is a distinguished writer specializing in crypto and finance, backed by a Bachelor’s in Actuarial Science. Recognized for incisive analysis and insightful content, he has an adept command of English and excels at thorough research and timely delivery.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
