- Donald Trump is set to speak at the Bitcoin 2024 conference in Nashville, Tennessee.
- Bitcoin CoinPerine made the announcement Thursday morning.
- Trump-related meme coins surged after the news broke.
The organizers of the Bitcoin 2024 conference are: announce Former US President Donald Trump is expected to be one of the speakers.
Bitcoin 2024 is scheduled to take place in Nashville, Tennessee from July 25 to July 27. This is one of the largest Bitcoin conferences in the world, and Trump will be joining the list of top Bitcoiners at a time when cryptocurrencies are becoming an increasingly important topic for politicians.
The news that the former president would attend and speak at the conference comes weeks after it was revealed that Trump was interested in attending the event. The Republican candidate met with Bitcoin miners at his Mar-a-Lago home in June and argued that the U.S. should become the top BTC mining country.
In recent months, the Trump campaign has received political donations in cryptocurrencies. Some of the top Bitcoin and cryptocurrency donations have come from Gemini founders Cameron and Tyler Winklevoss and Kraken co-founder Jesse Powell.
In addition to Trump, Bitcoin 2024 will also feature speakers including Robert F. Kennedy Jr., Vivek Ramaswamy, and Senator Bill Hagerty.
TrumpCoin(DJT) surges
The announcement that Donald Trump would speak at Bitcoin24 saw a significant rally in meme coins, especially political meme coins.
These PolitiFi tokens have no ties to the former US president, but they have surged as traders bet on a Republican candidate winning the November election.
One of the biggest gainers among political meme coins is TrumpCoin (DJT), up over 20% in the last 24 hours. MAGA Hat is also seeing significant price gains as most tokens struggle to shake off the downtrend.
Meanwhile, Bitcoin has recovered above $58,000 after recovering above $57,000, but the weakness continues as selling pressure from the German government continues.
According to on-chain data on Thursday, 2,375 BTC worth about $137.8 million was transferred from the German government’s wallet to exchanges such as Kraken, Bitstamp, and Coinbase.