Bitcoin Conference: Major Highlights From The Events

Written by W, Leah

Last updated: 2024-07-28

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Highlights:

The Bitcoin Conference went viral on the internet this week with high profile attendees.
Donald Trump and RFK promised to offer support for crypto Industry if elected.
Presidential candidate Trump promised to fire SEC Chairman Gary Gensler if elected.

The 2024 Bitcoin Conference which kicked off on Thursday finally concluded on Saturday, featuring thrilling highlights throughout its 3-day run.

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Political Promises From The Bitcoin Conference
Institutional Support For Bitcoin And a Macro Price Prediction

Political Promises From The Bitcoin Conference

Republican Republican Presidential candidate Donald Trump captivated the Bitcoin Conference’s closing day with a compelling speech, emphasizing his potential crypto-centric policies aimed at attracting crypto enthusiasts. Among his proposals, Trump vowed to dismiss SEC Chairman Gary Gensler promptly upon assuming office, signaling his determination to reshape crypto regulations.

He praised Bitcoin as a technological marvel embodying the pinnacle of collaboration and success, while taking a swipe at Vice President Kamala Harris, labeling her as radical and highlighting her perceived opposition to cryptocurrency among potential Democratic Presidential candidates.

In parallel, Independent Presidential aspirant Robert F. Kennedy Jr. outlined his vision for the US, including revolutionizing the nation’s perspective on Bitcoin. Upon taking office, RFK pledged to sign several executive orders integrating BTC into the US economic blueprint.

RFK highlighted that he will direct the Department of Justice and U.S. Marshals to transfer the approximately 200,000 BTC reserve held by the government to the U.S. Treasury. As usual, the lofty plans met with criticism from Peter Schiff.

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Institutional Support For Bitcoin And a Macro Scale Price Prediction

At the Bitcoin Conference, the esteemed global financial services giant Cantor Fitzgerald unveiled plans to establish a dedicated Bitcoin financing arm to give leverage to investors who hold the asset. According to Howard Lutnick the Chairman of the firm, Cantor Fitzgerald owns a “shit load” of BTC, emphasizing the institution’s unwavering commitment to the cryptocurrency ecosystem.

This announcement underscores the growing appetite among institutional investors for crypto-related offerings, signaling a shift in the financial landscape.

Amidst the conference’s myriad developments, Michael Saylor, the visionary founder of MicroStrategy, expressed his conviction that Bitcoin is poised for a bullish rally. He shared his long-term prediction for Bitcoin price, including Predictioning that its annual growth rate might slow from 55% to 20% by 2045. Ultimately, it would drive the value of the coin to a staggering $13 million per unit.

Currently, BTC is trading at $68,664.70, experiencing a modest 0.88% rise over the past 24 hours. Nevertheless, Optimism lingers that Bitcoin could still see some uptrend later this week and this may stir bullish surge in altcoins as well.

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Bitcoin Conference: Major Highlights From The Events

Political Promises From The Bitcoin Conference

Institutional Support For Bitcoin And a Macro Scale Price Prediction

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