Donald Trump Bitcoin’s support at Bitcoin Conference 2024 has significantly surged BTC price. Meme Coins are also benefitting from Trump’s pro-crypto stance.
The Bitcoin Conference 2024 was special this year, all thanks to Donald Trump Bitcoin pro-stance. His verbose statement of firing Gary Gansler, the SEC Chairman on day one sent euphoria for crypto believers all over the world. SEC is seen as anti-crypto in the eyes of millions of crypto investors. Solving the root cause of the problem sent the BTC price sky-high, Bitcoin prices reached $69,000 when Donald Trump made the announcement.
Meme Coins also benefitted from Trump’s BTC support. The prices of XRP, ADA, DOGE skyrocketed before his speech at Nashville.
Donald Trump Bitcoin: Meme Coins on Brink of Bull Run?
Bitcoin 2024 conference was worth the wait. It pulled all the strings in the correct places. Donald Trump Bitcoin catapulted the price of BTC, along with meme coins on upsurge trend. The price of meme coins before Bitcoin 2024 Conference spiked as seen in Coinmarketcap’s Trading Chart below:
The trading followed the usual pattern later but the spike after Donald Trump’s speech was clearly seen in the price jump on major meme coins. The endorsement by Trump triggered a buying frenzy amongst meme coin holders as Trump reinforced their confidence in the Bitcoin.
Donald Trump Bitcoin: Political Gimmick or Crypto Crusader?
Donald Trump Bitcoin has been trending on social media for months. Ever since Trump started his Presidential Election he has worked hard to build his pro-crypto image, be it through accepting donations through Bitcoins, being vocal about keeping Bitcoin in America, or his statements in Bitcoin 2024 conference.
There was a time (when he was President), he was anti-crypto. What triggered the change in his stance, a genuine love for crypto or a chance to be re-elected as president of America, will only be clear after the elections are concluded in November.
Crypto community, the crypto markets, however, are welcoming this changed stance, and this change is clearly visible in the meme coin bull run scenario currently building in the crypto markets.
Also read: On Day One, I will Fire Gary Gensler- Donald Trump
