Bitcoin Conference 2024: BTC Hits $69K Ahead Trump’s Speech, New ATH Incoming?

Bitcoin Conference 2024 has set the stage for a thrilling turn in the crypto world. Bitcoin price surged past $69,000 today, reflecting growing anticipation for Donald Trump’s upcoming speech and soaring optimism among the market participants. Investors and enthusiasts eagerly await potential announcements that could reshape the crypto landscape. Besides, several market experts anticipate a new ATH for BTC with Trump’s speech in focus.

Bitcoin Conference 2024: Donald Trump’s Speech In Focus

The excitement surrounding Trump’s address is evidenced by the recent rally in BTC. Speculations are rife about his potential commitments to Bitcoin and the broader cryptocurrency market. Rumors have swirled that if elected, Trump may declare BTC a strategic reserve asset for the US, a move that could significantly boost its legitimacy and value.

Meanwhile, this year’s Bitcoin conference has already seen notable figures share ambitious plans. Presidential candidate Robert F. Kennedy Jr., a vocal BTC advocate, revealed his intentions to leverage the U.S. government’s Bitcoin holdings if he won the election.

For context, he proposes transferring approximately 200,000 BTC from the Department of Justice and U.S. Marshals to the U.S. Treasury. The Treasury, under Kennedy’s plan, would treat BTC as a strategic asset and purchase 550 BTC daily until reaching a reserve of 4 million BTC.

In addition, MicroStrategy co-founder Michael Saylor projected that Bitcoin could skyrocket to between $13 million and $49 million by 2045. His bold forecast has ignited optimism and debate among market participants.

Also Read: Bitcoin Conference- MAGA Jumps 15% Ahead of Donald Trump’s Address

Will Bitcoin Hit A New High?

Senator Cynthia Lummis has added fuel to the fire with her recent social media post, hinting at major developments in Trump’s speech at the Bitcoin Conference 2024. “Today is going to be wild. Cannot wait,” she remarked, reflecting the heightened anticipation within the crypto community.

Trump’s pro-crypto stance has garnered significant support from digital asset enthusiasts. His clear advocacy for robust crypto regulations and the elimination of regulatory overreach have resonated well.

Meanwhile, market expert Ali Martinez, citing Santiment data, suggested that Trump’s speech could be a “sell-the-news event,” with anticipation driving market sentiment to an extremely positive level.

The Bitcoin Conference 2024 is shaping up to be a landmark event. The convergence of influential voices, bold predictions, and potential policy shifts has created an electric atmosphere. As Trump prepares to take the stage, the crypto world watches with bated breath, ready for what could be a groundbreaking moment for BTC and the broader cryptocurrency market.

Meanwhile, the future of BTC appears brighter than ever, with potential policy changes and significant market support poised to propel it to new heights. In addition, Bitcoin Magazine CEO David Bailey predicts that BTC is poised to hit a new high during Trump’s appearance at the event.

During writing, BTC price was up over 2% and exchanged hands at $69,108, after touching a 24-hour high of $69,357.88. In addition, BTC Futures Open Interest soared over 5%, indicating robust market confidence towards the crypto.

Also Read: Samson Mow Proposes Six Bitcoin Friendly Ideas To Donald Trump

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.