The former president is hosting a private fundraiser for the Bitcoin Conference 2024 in Nashville, with donor packages that might make even the most bullish crypto traders raise an eyebrow.
According to a report from Bloomberg, the former president’s campaign is offering various donor packages, including $60,000 — or roughly the price one Bitcoin — for a photo op.
A round table seat is priced at $844,600 and represents the maximum allowable combined contribution to Trump’s campaign and the Republican National Committee (under current campaign finance laws). The event is organized by BTC Media LLC, with Trump set to speak on the main stage of the conference.
Special guests at the event will include Trump’s vice presidential pick JD Vance, former primary opponent Vivek Ramaswamy, Senator Bill Hagerty, and former Representative Tulsi Gabbard. The exclusive reception will be limited to 100-150 donors, who will mingle with influential guests before getting front-row seats for Trump’s Bitcoin-focused speech.
Trump loves crypto
Trump’s newfound support for Bitcoin marks a significant shift from his previous skepticism. During a recent meeting with crypto-mining executives at Mar-a-Lago, he expressed enthusiasm for crypto and acknowledged the benefits of Bitcoin mining for power grids.
This contrasts sharply with his 2019 statement as president, when he criticized crypto for their lack of intrinsic value and potential to facilitate illegal activities. After surviving an assassination attempt this week, Trump is back on track to woo the crypto community.
Not everyone is pleased, though. Recently, Ethereum co-founder Vitalik Buterin criticized the crypto community’s seemingly rabid support for the presidential candidate who has been convicted on 34 counts of falsifying business records. Several Nobel economists also warned that, if re-elected, Trump could reignite inflation, which would be detrimental to crypto.
Despite these indications, meme coins under the “PolitiFi” label continue to surge as the US elections near, with odds on Polymarket betting on a Trump re-election going side by side with Bitcoin’s regained momentum.
At the time of writing, Donald Trump’s personal crypto holdings already amount to $8.8 million, according to data from Arkham Intelligence.