Donald Trump, who used to be doubtful about crypto, raised $25 million at the Bitcoin 2024 conference in Nashville last weekend.David Bailey, the CEO of Bitcoin Magazine, shared this information.
Most of the money was raised at a fundraiser during the Bitcoin Conference at Nashville’s Music City Center on Saturday, right after Trump’s big speech. This event was said to be his “second largest fundraiser ever.” Bailey mentioned that the funds came from a mix of industry players and big-time investors.
Celebrities and Big Crypto Investors Attend Trump Fundraiser in Nashville
The Republican presidential nominee also held another fundraiser in Nashville. Tickets for this event went up to $844,600, and a photo with him cost at least $60,000.
Eleanor Terrett from Fox News reported that Tyler and Cameron Winklevoss, the co-founders of Gemini, were at the event. Celebrities like Kid Rock, Jake Paul, and Billy Ray Cyrus were also there.
Bailey, who organized the conference, previously mentioned that the industry aimed to raise $100 million and get over 5 million voters to support Trump’s re-election. This shows that the crypto sector is increasingly backing Trump.
According to CNBC, Trump raised over $4 million through various digital tokens before the conference. These tokens included Bitcoin, Ether, XRP, and the stablecoin USDC. Leading the donations were the Winklevoss twins, who each gave 15.57 bitcoin, valued at just over $1 million at the time of their contribution.
Donald Trump Once Criticized Bitcoin as ‘Based on Thin Air’
When Trump was in office, he openly criticized Bitcoin. In July 2019, he said he was “not a fan” of Bitcoin and other cryptocurrencies, called their value “based on thin air,” and worried about their use in illegal activities like the drug trade.
His campaign for this election has now raised a total of $216 million, with $128 million cash in hand, according to Federal Election Commission data.
FAQS:
Trump’s Fundraising Success at Bitcoin 2024 Conference
Donald Trump, who used to be doubtful about crypto, raised $25 million at the Bitcoin 2024 conference in Nashville last weekend. David Bailey, the CEO of Bitcoin Magazine, shared this information.
Most of the money was raised at a fundraiser during the Bitcoin Conference at Nashville’s Music City Center on Saturday, right after Trump’s big speech. This event was said to be his “second largest fundraiser ever.” Bailey mentioned that the funds came from a mix of industry players and big-time investors.
Celebrities and Crypto Giants Attend Fundraiser
The Republican presidential nominee also held another fundraiser in Nashville. Tickets for this event went up to $844,600, and a photo with him cost at least $60,000.
Eleanor Terrett from Fox News reported that Tyler and Cameron Winklevoss, the co-founders of Gemini, were at the event. Celebrities like Kid Rock, Jake Paul, and Billy Ray Cyrus were also there.
Crypto Sector’s Support for Trump
Bailey, who organized the conference, previously mentioned that the industry aimed to raise $100 million and get over 5 million voters to support Trump’s re-election. This shows that the crypto sector is increasingly backing Trump.
Digital Token Donations and Previous Criticisms
According to CNBC, Trump raised over $4 million through various digital tokens before the conference. These tokens included Bitcoin, Ether, XRP, and the stablecoin USDC. Leading the donations were the Winklevoss twins, who each gave 15.57 bitcoin, valued at just over $1 million at the time of their contribution.
When Trump was in office, he openly criticized Bitcoin. In July 2019, he said he was “not a fan” of Bitcoin and other cryptocurrencies, called their value “based on thin air,” and worried about their use in illegal activities like the drug trade.
Current Status of Trump’s Campaign Funds
His campaign for this election has now raised a total of $216 million, with $128 million cash in hand, according to Federal Election Commission data.
