Donald Trump Receives Extended Support From Bitgo CEO & JD Vance
Highlights
- BitGo CEO hosts Trump fundraiser, aims to draw major crypto support with $50K host committee spots.
- Trump's campaign secures over $4M in crypto donations since May, with major contributions from industry leaders.
- Trump, Vance to bolster tech ties, speaking at Bitcoin Conference 2024 in Nashville.
BitGo CEO Mike Belshe will be holding a fundraiser for Donald Trump’s campaign with special guest Republican vice-presidential nominee JD Vance. Organized for Monday in Palo Alto, California, the event is believed to attract much attention of the crypto-community.
Donald Trump Fundraiser by BitGo CEO
Mike Belshe, the CEO of BitGo, will be hosting a fundraiser for Donald Trump’s campaign where JD Vance, Trump’s vice presidential candidate, will be present. The dinner reception is scheduled for Monday, in Palo Alto, California. In an invitation secured by Bloomberg News, the attendees are expected to pay $3,300 for the reception, $15,000 for a photo with Vance, and $25,000 for a roundtable discussion. For $50,000, couples can become a part of the host committee of the event.
Belshe contributed $50,000 in Bitcoin to the Trump campaign back in June. This way, the connection between crypto-enthusiasm and political activism is demonstrated by his activity in supporting Trump. Donald Trump’s campaign started to allow contributions in digital assets in May 2024 and since then, there has been an increased contribution from the digital asset holders.
Some of the most notable contributors in the industry include the Winklevoss twins of Winklevoss Capital Management, Kraken’s co-founder Jesse Powell, and Ripple’s Chief Legal Officer Stuart Alderoty. The total cryptocurrency donations to Trump’s campaign now have reached more than $4 million.
Bitcoin Conference: Trump & JD Vance Present
Both Trump and Vance are expected to be at the Bitcoin Conference 2024 today in Nashville Tennessee as they hold key rally events in their bid to clinch the presidency. Concurrently, Trump is expected to address the Bitcoin conference and will meet with donors for a private fundraiser on the same day.
Vance, on the other hand, is embarking on his personal campaign trail with rallies in Ohio and Virginia. Both the candidates are now trying to make their stand in the campaign as this is a crucial phase especially for the tech and crypto supporters.
In addition, there have been speculations about the United States having a reserve of Bitcoins under the Trump administration. This proposal underscores the growing awareness of the possibilities of using Bitcoin as a strategic asset, with prominent figures like Elon Musk and Peter Brandt forecasting America going bankrupt with the potential dollar undervaluation.
Concurrently, this fundraiser represents the increasing popularity of Trump among the supporters of cryptocurrencies. Marc Andreessen, Ben Horowitz, and David Sacks have been also endorsed Trump for the presidency. They state that Trump’s pro-growth agenda that includes the extension of the expiring tax cuts and the deregulation of the government will enhance the growth of startups especially those that are into developing artificial intelligence and cryptocurrency.
Read Also: Bitcoin Price To Hit $13M, Michael Saylor Predicts Amid BTC Rally
- The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013
- Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill
- Waller Floats ‘Payment Account’ Framework to Provide Crypto Firms Access To Fed’s Payment Rails
- Aster Outpaces Lighter in Perp DEX Rankings as Wintermute Buys the Dip After Previous Dump
- Is This Final Bitcoin Price Correction Before US Shutdown Ends, Fed Rate Cuts?
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
- Bitcoin Price Prediction as Gaussian Channel Turns Green Amid U.S.–China Trade Progress and Fed Rate Cut Hopes
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
