Barron's: Trump's Participation in Bitcoin Conference Aims to Raise Funds for His Campaign

ChainCatcher news, Barron's published an article stating that everything Trump does around the Bitcoin 2024 conference is aimed at securing campaign donations. The article mentions that some Bitcoin investors believe Trump will make a significant announcement at this conference, such as supporting the U.S. government to purchase Bitcoin as a "strategic reserve" asset similar to foreign currencies or oil. However, this move would require a legislative process, meaning it is almost impossible to achieve quickly. While Trump’s endorsement of this or any other pro-cryptocurrency narrative would certainly have a positive impact on prices.