Bitcoin Magazine CEO David Bailey is reportedly organizing a fundraiser for former President Donald Trump’s reelection campaign, aiming to raise $15 million. The fundraiser is expected to take place later this month, possibly following the Bitcoin Conference in Nashville. Trump, who recently survived an assassination attempt, remains committed to speaking at the conference and is reportedly in good spirits. Despite facing legal challenges and a recent conviction, Trump’s popularity in the cryptocurrency community has been growing, with a change in his stance on cryptocurrencies.
Although Trump had previously criticized Bitcoin as a “scam,” he has now shown support for the crypto industry. He has pledged to end the Biden administration’s “war on crypto” if reelected as president. Trump’s shift in stance has garnered support from the crypto community, with surveys showing that voters consider a candidate’s position on cryptocurrencies when making voting decisions. Prediction traders are currently favoring Trump to win the 2024 US Presidential Election, with a 69% chance of victory. The trading activity on platforms like Polymarket has surged, with speculators engaging in bets on the election outcome.
The fundraiser organized by David Bailey for Trump’s reelection campaign is expected to coincide with Trump’s official nomination as the Republican Party’s presidential candidate at the Republican National Convention. Despite facing legal challenges, including a recent conviction for falsifying business records, Trump’s popularity in the crypto community continues to rise. His participation in the Bitcoin Conference in Nashville, following an assassination attempt in Pennsylvania, shows his commitment to engaging with supporters.
Trump’s changing stance on cryptocurrencies, from criticism to support, has resonated with the crypto community. He has promised to end the Biden administration’s policies against the crypto industry if elected president. Surveys have indicated that voters prioritize a candidate’s position on cryptocurrencies when deciding who to vote for. Prediction traders are betting on Trump’s victory in the upcoming election, with a clear lead over other candidates. The surge in trading activity on platforms like Polymarket reflects the growing anticipation surrounding the election outcome.
The fundraising event organized by David Bailey for Trump’s reelection campaign is expected to raise $15 million, coinciding with Trump’s nomination as the Republican Party’s presidential candidate. Despite legal challenges and a recent conviction, Trump’s popularity in the crypto community has been on the rise, with support from prediction traders favoring his victory in the upcoming election. His increasing engagement in the crypto industry, coupled with his changed stance on cryptocurrencies, has garnered him significant support among voters who prioritize candidates’ positions on digital assets. The surge in trading activity on platforms like Polymarket reflects the growing excitement and speculation surrounding the election outcome.
