Donald Trump will speak at the Bitcoin Conference this month.

Former White House chief and Republican presidential candidate Donald Trump will be one of the speakers at an event scheduled to take place from July 25 to 27 in Nashville, Tennessee. This was announced on the official account of the Bitcoin Conference in the social network X, which is banned in Russia.

Experts believe that this is a major victory for the crypto community, which has found support from a well-known politician. Previously, Donald Trump was one of the most ardent opponents of Bitcoin, but after changing his stance on BTC and cryptocurrencies in general, his chances of winning the Republican presidential race have significantly increased. This is also due to large donations in digital assets that supporters of the former US president are sending him through the American exchange Coinbase (NASDAQ:COIN).

In his campaign speeches, Trump promised to promote the development of the crypto industry and prevent the creation of a central bank digital currency, which, according to him, threatens the freedom of Americans. In addition, he intends to deal with crypto critics in the Senate and regulatory abuses.

Trump also supported local mining companies. At a meeting with industry representatives, he stated that he would do everything necessary to ensure that the remaining bitcoins are mined in America.

Another politician who will speak at the Bitcoin Conference is independent presidential candidate Robert F. Kennedy Jr.

Donald Trump's speech at the Bitcoin Conference could have a significant impact on the cryptocurrency market. Here are a few possible scenarios:

Positive Impact: If Trump expresses support for cryptocurrencies and emphasizes their importance for the future economy, this could lead to a rise in cryptocurrency prices. Investors might take his words as a signal to increase their investments in cryptocurrencies.

Negative Impact: If Trump expresses doubts or criticism towards cryptocurrencies, this could lead to a drop in prices. Investors might start selling their assets, fearing negative consequences.

Volatility: Regardless of the content of his speech, the event itself could cause short-term market volatility. Investors and traders will closely monitor his words and react to them.

Long-term Consequences: If Trump proposes specific measures or initiatives related to cryptocurrencies, this could have long-term consequences for the market. For example, support for regulation or the integration of cryptocurrencies into the economy could change the market dynamics for years to come.

In any case, Trump's speech at the Bitcoin Conference will attract attention and could become an important event for the cryptocurrency community.