TL;DR
- Donald Trump raised $25 million at Bitcoin Conference event in Nashville.
- The figure was confirmed by David Bailey, CEO of Bitcoin Magazine, and highlighted the presence of figures such as the Winklevoss twins, Kid Rock, Jake Paul and Billy Ray Cyrus.
- The fundraising included high fees to participate in private events with Trump, significantly increasing event revenue.
During the recent Bitcoin Conference in Nashville, former President Donald Trump managed to raise $25 million in donations, a figure confirmed by David Bailey, CEO of Bitcoin Magazine.
The news was announced by journalist Eleanor Terrett via her Twitter account, highlighting the magnitude of the event and the participation of prominent figures from the crypto and entertainment world.
🚨NEW: So that eye-popping number turned out to be $25M. @BitcoinMagazine CEO @DavidFBailey confirmed that @realDonaldTrump raised $25M at @TheBitcoinConf fundraiser in Nashville.
Some of the attendees included @tyler, @cameron, @KidRock, @jakepaul and @billyraycyrus. https://t.co/bEGHFQ5x5F
— Eleanor Terrett (@EleanorTerrett) July 30, 2024
The fundraising event not only attracted a large number of donors, but also became a meeting point for influential personalities such as the Winklevoss twins, singer Kid Rock, actor Jake Paul and songwriter Billy Ray Cyrus.
The presence of these figures underscores the interest and support within the crypto community towards politicians who promote cryptocurrencies.
The cost to participate in the event also played a major role in the fundraiser’s financial success.
Entry to a private roundtable with Trump was priced at $844,600 in cryptocurrency, which was equivalent to approximately 13.20 Bitcoin.
Additionally, photo opportunities with Trump were valued at $60,000 per person or $100,000 per couple, contributing significantly to the total amount raised.
Since June, the Trump campaign has been accepting donations in various cryptocurrencies, raising more than $4 million through July 2024.
These contributions include major cryptocurrencies such as Bitcoin, Ethereum and XRP, as well as the stablecoin USDC.
This proactive approach towards cryptocurrencies has helped Trump cement his image as a proponent of crypto policies, which was reflected in the enthusiastic response from the community during the event.
Trump, a new ally in the crypto world
The relationship between Trump and the crypto community has evolved significantly in recent months.
His pro-crypto stance has attracted support from industry leaders and numerous industry enthusiasts.
This event in Nashville not only demonstrated Trump’s ability to mobilize large sums of money, but also his ability to connect with an audience that shares his vision for the future of cryptocurrencies.
As cryptocurrencies continue to gain popularity, support from prominent political figures like Trump can have a significant impact on policy development and public perception of these technologies.
The Nashville fundraiser marks an important milestone in this dynamic, showing how cryptocurrency-related events can attract the attention and backing of influential figures in politics and business.
Trump’s influence in the crypto community appears to be on the rise, and his ability to generate financial support of this magnitude is a testament to the growing interest in cryptocurrencies and their potential impact on the future of political and campaign finance.
This trend may open up new opportunities for the integration of cryptocurrencies into politics, offering a glimpse into how these digital assets are shaping the global economic and political landscape.
