- Trump and JD Vance made a surprise appearance at the RNC on Tuesday, marking Trump’s first public event since an assassination attempt.
- GOP aims to counter Democrats’ crypto stance, pledging to stop what they term an “unlawful and unAmerican Crypto crackdown.”
- Bitcoin’s price has shown resilience, rebounding to $65,268.05 despite recent setbacks like the Mt. Gox announcement and miner selloffs.
Bitcoin Magazine President Mike Germano has hinted at a bullish Bitcoin-related announcement at the Republican National Convention (RNC) this Thursday. According to a post by Germano on the social media platform X, Bitcoin Magazine has been invited to cover the event.
Trump and Vance Make Surprise Appearance
Former President Donald Trump and his running mate, Senator JD Vance of Ohio, made an unannounced visit to the ongoing convention but did not deliver any speeches. This appearance marks Trump’s first public event since an assassination attempt on him. The night also featured former rivals, such as Nikki Haley and Ron DeSantis, expressing support for Trump, showcasing a unified Republican front.
GOP’s Pro-Crypto Stance
The GOP has outlined a platform aimed at countering the Democrats’ criticism of crypto. The platform pledges to halt what it terms the Democrats’ “unlawful and unAmerican Crypto crackdown” and opposes the creation of a U.S. central bank digital currency. Trump, who has previously been skeptical about cryptocurrencies, is scheduled to speak at a Bitcoin conference in Nashville the week following the RNC.
Despite his earlier skepticism, Trump has recently embraced a pro-crypto stance. At a fundraiser in San Francisco last month, he declared his intention to become the “crypto president” if re-elected. Trump vowed to end what he calls President Joe Biden’s “war on crypto,” promoting the future of Bitcoin to be developed in the U.S.
Bitcoin Market Shows Resilience
Bitcoin has shown remarkable resilience despite various setbacks. After events such as the Mt. Gox announcement, German government actions, miner selloffs, and whale sales, Bitcoin’s price experienced a brief decline but has since recovered. At press time, Bitcoin was trading at $65,268.05, marking a 3.78% increase in the past 24 hours.
Thursday’s announcement could have notable implications for Bitcoin’s future in politics and its market performance. The anticipation is evident, with many hoping for a bullish development that could further integrate Bitcoin into the political sector.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
