- Trump’s marketing campaign raised $25 million by way of crypto donations.
- The previous president additionally launched Bitcoin-themed sneakers as a part of his 2024 presidential marketing campaign.
The extremely anticipated Bitcoin [BTC] Convention 2024 concluded with former President Donald Trump gaining vital consideration for his more and more crypto-friendly stance.
In help of crypto, Trump marketing campaign had beforehand launched a fundraising page on twenty first Could, permitting contributions through cryptocurrency by way of Coinbase Commerce.
Trump raised $25 million in Bitcoin
Throughout his keynote speech on the convention in Nashville, Tennessee, Trump revealed that his marketing campaign successfully raised $25 million since opening as much as crypto donations, underscoring the rising affect of the crypto business and Bitcoin fanatics within the political enviornment.
Remarking on the identical, Trump addressed the convention by saying,
“I’m proud to be the first major party nominee in American history to accept donations in bitcoin and crypto, and they’ve made a lot of them I might tell you, and I appreciate it.”
Appreciating Trump’s transfer, David Bailey, CEO of Bitcoin Journal took to X and famous,
Supply: David Bailey/X
The investor who made the information
Gary Cardone, a digital asset investor and entrepreneur, drew vital consideration throughout Trump’s marketing campaign. Cardone made headlines by donating 12.8 Bitcoin, valued at $852,000, to help Donald Trump’s bid for the presidency.
“I am proud of my 12.8 BTC donation made to the Trump Administration, something I have NEVER done. But for Bitcoin I will die on position…”
He additional added,
“Trump is one of the most spectacular disruptors in history and that makes him and every Bitcoiner, more alike than different, and most certainly he is a fighter just like the rest of us.”
What’ this Bitcoin-themed sneakers?
Moreover, Trump additionally made headlines, this time by launching Bitcoin-themed sneakers as a part of his 2024 presidential marketing campaign.
His firm, CIC Ventures LLC, launched a restricted version of “Crypto President” high-tops, with 1,000 pairs in “Bitcoin orange” priced at $500 every and 4,000 pairs in “luxurious black” accessible for $299 every.
These sneakers prominently characteristic the Bitcoin image, celebrating Trump’s imaginative and prescient for the way forward for finance. This daring initiative follows his latest pledge on the Bitcoin convention in Nashville to ascertain a nationwide Bitcoin reserve if elected.
Supply: Donald Trump/Reality Social
Affect on the memecoins and Polymarket
Nonetheless, regardless of Trump’s latest initiatives, the Trump-inspired memecoin, Doland Tremp [TREMP], noticed a decline of over 7% up to now 24 hours.
Furthermore, Polymarket’s prediction marketplace for the 2024 Presidential Election indicated a drop in Trump’s projected vote share from 68% to 55%. Nonetheless, he nonetheless stays the frontrunner, topping the chart regardless of this lower.
