Bitcoin Magazine CEO Organizes $15 Million Fundraising Event for Trump in Nashville: Washington Post

David Bailey, the CEO of Bitcoin Magazine, is reportedly coordinating a fundraising event for former President Donald Trump’s reelection campaign, aiming to raise $15 million.

The fundraiser is set to occur “later this month,” potentially during or right after the Bitcoin Conference in Nashville, as reported by the Washington Post, citing sources knowledgeable about the situation.

This fundraising occasion is anticipated to align with Trump’s official nomination as the Republican Party’s presidential candidate at the Republican National Convention.

Trump to Attend Bitcoin Conference Despite Assassination Attempt

Trump is still scheduled to speak at the Bitcoin Conference in Nashville, Tennessee, following an assassination attempt he survived on July 13 during a rally in Pennsylvania.

In a recent update on X, Bailey confirmed Trump’s attendance, reassuring participants that the former president is in good spirits.

I have just spoken with the President’s team. He is in good spirits and is excited to see you all in Nashville and deliver a speech that is heard around the world.

— David Bailey $0.65mm/btc is the floor (@DavidFBailey) July 14, 2024

It is important to note that the former president has encountered legal issues, having been convicted of 34 felony counts for falsifying business records in May.

However, a recent ruling from a conservative-led Supreme Court could potentially contest that conviction, with Trump’s sentencing scheduled for September, just weeks prior to the US election.

In the meantime, Trump has experienced increasing popularity within the crypto community, as his perspective on cryptocurrencies has shifted dramatically recently.

Despite earlier labeling Bitcoin as a “scam,” he has recently adopted a different stance.

On June 14, he stated that he would terminate the Biden administration’s “war on crypto” if he were to be elected president.

Trump has also previously criticized Biden for his stringent approach to cryptocurrencies, highlighting that the United States should aim to lead in the crypto sector.

According to reports, a survey by the Harris Poll indicated that one in three voters in the US considers a candidate’s stance on cryptocurrencies when making their voting choices.

Another survey conducted by prominent crypto venture capital firm Paradigm shows that Trump’s polling figures for the 2024 US Presidential Election receive considerable backing from the crypto community.

Prediction Traders Bet on Trump’s Victory

As per the latest information, prediction traders are favoring former President Donald Trump with a 69% likelihood of winning, while current President Joe Biden stands at 19%.

Vice President Kamala Harris is at 6%, and former First Lady Michelle Obama is trailing with only 2% of the bets.

As reported, the decentralized predictions platform Polymarket has recorded unprecedented trading volumes driven by the excitement surrounding the United States presidential election.

In just the first half of July, the platform noted an impressive $116.4 million in volume, exceeding its previous record of $111.5 million in June.

This increase in trading activity can be directly linked to speculators placing bets on the outcome of the forthcoming election.

Political traders have collectively staked an astonishing $263.5 million on predicting the winning candidate for the US election set for November 4.

Polymarket recently wrapped up a successful $70 million Series B funding round led by Peter Thiel’s Founder Fund, with contributions from notable individuals including Ethereum co-founder Vitalik Buterin.

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