- Trump’s campaign has raised $25 million through crypto donations.
- The former president also launched Bitcoin-themed sneakers as part of his 2024 presidential campaign.
The long-awaited Bitcoin [BTC] The 2024 conference concluded with former President Donald Trump receiving a lot of attention for his increasingly crypto-friendly stance.
In support of crypto, the Trump campaign had previously launched a fundraising page on May 21, allowing contributions via cryptocurrency through Coinbase Commerce.
Trump has raised $25 million in Bitcoin
During his keynote speech at the conference in Nashville, Tennessee, Trump revealed that his campaign successfully raised $25 million since opening up to crypto donations, underscoring the growing influence of the crypto industry and Bitcoin enthusiasts in the political arena.
Trump noted the same about this and addressed the conference saying:
“I’m proud to be the first major party nominee in American history to accept donations in bitcoin and crypto, and they’ve done a lot, I can tell you, and I appreciate it.”
David Bailey, CEO of Bitcoin Magazine, appreciated Trump’s move and told X:
Source: David Bailey/X
The investor who made the news
Gary Cardone, a digital asset investor and entrepreneur, attracted a lot of attention during Trump’s campaign. Cardone made headlines by donating 12.8 Bitcoin, worth $852,000, in support of Donald Trump’s bid for the presidency.
“I am proud of my donation of 12.8 BTC to the Trump administration, something I have NEVER done. But for Bitcoin I die on position…’
He added:
“Trump is one of the most spectacular disruptors in history and that makes him and every Bitcoiner more alike than different, and he is most certainly a fighter, just like the rest of us.”
What are these Bitcoin-themed sneakers?
Moreover, Trump also made headlines, this time by launching Bitcoin themed sneakers as part of his 2024 presidential campaign.
His company, CIC Ventures LLC, introduced a limited edition of ‘Crypto President’ high-tops, with 1,000 pairs in ‘Bitcoin orange’ for $500 each and 4,000 pairs in ‘luxury black’ available for $299 each.
The Bitcoin symbol is prominently featured on these sneakers, in honor of Trump’s vision for the future of the financial world. This bold initiative follows his recent pledge at the Nashville Bitcoin Conference to establish a national Bitcoin reserve if elected.
Source: Donald Trump/Truth Social
Impact on the memecoins and Polymarket
However, despite Trump’s recent initiatives, the Trump-inspired memecoin is Doland Tremp [TREMP]saw a decline of more than 7% in the past 24 hours.
Moreover, Polymarkt’s The 2024 presidential election prediction market indicated a drop in Trump’s expected vote share from 68% to 55%. However, he still remains the leader and is at the top of the chart despite this drop.