US Vice President Kamala Harris has decided not to speak at the Bitcoin 2024 Conference, which starts this Thursday (24/07) in Nashville.
JUST IN: Kamala Harris decided NOT to speak at #Bitcoin 2024 Conference in Nashville, CEO David Bailey confirms. pic.twitter.com/FSMVemzEGM
— Bitcoin Magazine (@BitcoinMagazine) July 24, 2024
In short, Kamala Harris’ campaign team spoke to Bitcoin Magazine. There was an idea of a possible participation of the US vice president in the conference. The event starts this Thursday (25) and runs until July 27.
In a recent post on X, Bitcoin Magazine CEO David Bailey revealed that they were “in talks with the Kamala Harris campaign.”
We’re in talks with Kamala Harris campaign for her to speak at the conference. Would be very savvy of her to reset the democrat positioning on the fastest growing voter block in the country. They’re making up their minds today.
— David Bailey🇵🇷 $0.65mm/btc is the floor (@DavidFBailey) July 23, 2024
Bailey said Harris’s appearance could “redefine Democratic standing among the fastest-growing bloc of voters in the country.”
“We are in talks with Kamala Harris’ campaign to have her speak at the conference. It would be very smart of her to redefine the Democratic positioning of the fastest-growing bloc of voters in the country. They are making up their minds today.”
“Kamala Harris is more open to crypto”
Billionaire investor Mark Cuban weighed in, telling CBS that Harris “is much more open to business, [artificial intelligence], crypto and government as a service” compared to President Biden.
The endorsement underscores Harris’ potential to carve out a distinct niche within her party, positioning herself as a forward-thinking leader in the tech space.
Further supporting this narrative, Harris’ team reportedly reached out to several cryptocurrency executives for policy input ahead of the Democratic National Convention.
Tech industry leaders see a strategic opening for Harris to gain support from Silicon Valley by adopting a more pro-innovation stance.
Box CEO Aaron Levie suggested that with a credible pro-tech political framework, Harris could quickly garner the support of “more than a dozen tech CEOs.”
Harris’s potential speaking engagement at the BTC Conference and her engagement with crypto industry leaders signaled a potential alignment with the cryptocurrency and blockchain markets. This could contrast sharply with the current administration’s more cautious approach.
With 100 millionUSD raised in just 48 hours after Biden’s endorsement, a pro-innovation platform could further boost Harris’ fundraising efforts. It could also bolster support in the tech sector.
Speculation is that Trump will announce Bitcoin as a strategic reserve
On the Republican front, former President Donald Trump ‘s chances of winning the 2024 presidential election have increased following a failed assassination attempt.
Meanwhile, there are rumors that Trump may designate (BTC) as a strategic asset at the upcoming BTC 2024 Conference in Nashville.
Furthermore, Dennis Porter, co-founder of the non-profit organization Satoshi Act, revealed that inside sources have suggested that such a move is on Trump’s agenda.
“Adding Bitcoin as a ‘strategic reserve’ to the U.S. Treasury is a no-brainer,” Porter said in a later post. He argued that once the U.S. leads in this direction, other nations will likely follow suit.
HUGE BRREAKING: FOX News and CNBC report Trump poised to announce ‘#Bitcoin Strategic Reserve’ in Nashville. pic.twitter.com/EefwBFSmSw
— Dennis Porter (@Dennis_Porter_) July 23, 2024
Porter highlighted the advantages of Bitcoin, describing it as “borderless, censorship-resistant, decentralized, counterparty-free, perfectly finite, immutable digital gold.”
Furthermore, Porter argued that the US government, which currently holds around 5.5 billion USD in Bitcoin seized in law enforcement operations, should convert it into a strategic reserve to back the dollar with BTC.
In short, the idea of Bitcoin as a reserve asset is not entirely new. Several pro-BTC political figures, including former presidential candidate Vivek Ramaswamy, have previously advocated for such a move.
Ramaswamy has been advising Trump on BTCand digital assets since January, adding another layer of intrigue to the upcoming conference.
