Former president of the United States Donald Trump’s pro crypto speech at the Bitcoin 2024 conference in Nashville, Tennessee didn’t attract big investors as some analysts predict it may have a temporary effect on the BTC price.
In his speech, he revealed his plans for crypto to make the U.S. a dominant shareholder in BTC if re-elected for the Presidential seat. Before Trump started his speech, at that time BTC was trading at $68,626. In just 30 minutes the leading cryptocurrency gained $500 in its price, but after the speech started, it retreated to its price.
At the time when speech was about to close, the token dropped its price to $67,382 witnessing a price change of 1.72%. A post shared by the Cryptomist on July 28 stated that giving 0% attention to the Trump speech, made the weekend productive.
The analyst is predicting BTC to break the Bearish trend and head towards $72K resistance and making its way to touch a milestone of $100K per Bitcoin.
Some people say that Trump followed in the footsteps of Robert Kennedy Jr. who made a speech at the Bitcoin 42 conference and expressed his vision to add at least 4 million of Bitcoin to the United States Federal Reserves.
Kennedy also stated that he wanted to U.S. to hold a prominent portion of BTC so no other country could overcome their economy and the country hold a good position in the Global Economy.
According to CoinGlass Data Bitcoin, monthly returns stood at 7.12% with BTC price trading at $67,416 indicating 1.20% down in the last 24 hours.
Source: CoinGlass
