Day: July 15, 2024

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Former President Donald Trump has reconfirmed his commitment to attend this year’s Bitcoin Conference in Nashville, Tennessee, following an assassination attempt in Butler, Pennsylvania over the weekend. This announcement has been met with heightened anticipation and security measures as the event approaches.

Trump’s Commitment to the Bitcoin Conference

Despite the recent attempt on his life, Trump remains resolute in his decision to attend and speak at the Bitcoin Conference. Conference organizers have responded by significantly increasing security protocols to ensure the safety of all attendees. In a social media post, they expressed their enthusiasm: “We are happy to report that Donald Trump is committed to delivering his speech in-person at Bitcoin 2024. We are proud to host him and to share the solidarity of the global bitcoin community and our universal commitment to free speech and peaceful democracy.”

Heightened Security Measures

Acknowledging the concerns about security, the organizers assured attendees of their comprehensive preparations. “We know you have questions about security and what to expect at this historic event. We are actively engaged with our security teams and are fully cooperating with all the relevant parties to ensure a safe event,” they stated. This proactive approach aims to provide peace of mind to participants and speakers alike.

Notable Speakers at the Bitcoin Conference

The Bitcoin Conference will feature a roster of high-profile figures from the cryptocurrency industry and beyond. In addition to Trump, notable speakers include MicroStrategy’s executive chairman Michael Saylor (NASDAQ:MSTR), ARK Invest founder and CEO Cathie Wood, presidential candidate Robert F. Kennedy, Jr., entertainer Russell Brand, whistleblower Edward Snowden, politician and businessman Vivek Ramaswamy, and Tennessee Senator Marsha Blackburn.

Trump’s Stance on Cryptocurrency

Trump has been a vocal supporter of cryptocurrency, which has garnered significant attention from the crypto community. In January, he pledged to ban central bank digital currencies, a move that resonated with crypto advocates concerned about financial surveillance. This position has further solidified his support among crypto enthusiasts.

In May, Trump began accepting cryptocurrency donations in bitcoin, ether, and Dogecoin. He vowed to create “a crypto army moving the Trump campaign to victory on November 5th,” emphasizing his commitment to leveraging new technologies to achieve his political goals. His campaign’s message this spring was clear: “Saving our nation from Biden’s failures requires your support. As Biden piles regulations and red tape on all of us, former President Trump stands ready to embrace new technologies that will Make America Great Again.”

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This post was originally published on this site

Former President Donald Trump has reconfirmed his commitment to attend this year’s Bitcoin Conference in Nashville, Tennessee, following an assassination attempt in Butler, Pennsylvania over the weekend. This announcement has been met with heightened anticipation and security measures as the event approaches.

Trump’s Commitment to the Bitcoin Conference

Despite the recent attempt on his life, Trump remains resolute in his decision to attend and speak at the Bitcoin Conference. Conference organizers have responded by significantly increasing security protocols to ensure the safety of all attendees. In a social media post, they expressed their enthusiasm: “We are happy to report that Donald Trump is committed to delivering his speech in-person at Bitcoin 2024. We are proud to host him and to share the solidarity of the global bitcoin community and our universal commitment to free speech and peaceful democracy.”

Heightened Security Measures

Acknowledging the concerns about security, the organizers assured attendees of their comprehensive preparations. “We know you have questions about security and what to expect at this historic event. We are actively engaged with our security teams and are fully cooperating with all the relevant parties to ensure a safe event,” they stated. This proactive approach aims to provide peace of mind to participants and speakers alike.

Notable Speakers at the Bitcoin Conference

The Bitcoin Conference will feature a roster of high-profile figures from the cryptocurrency industry and beyond. In addition to Trump, notable speakers include MicroStrategy’s executive chairman Michael Saylor (NASDAQ:MSTR), ARK Invest founder and CEO Cathie Wood, presidential candidate Robert F. Kennedy, Jr., entertainer Russell Brand, whistleblower Edward Snowden, politician and businessman Vivek Ramaswamy, and Tennessee Senator Marsha Blackburn.

Trump’s Stance on Cryptocurrency

Trump has been a vocal supporter of cryptocurrency, which has garnered significant attention from the crypto community. In January, he pledged to ban central bank digital currencies, a move that resonated with crypto advocates concerned about financial surveillance. This position has further solidified his support among crypto enthusiasts.

In May, Trump began accepting cryptocurrency donations in bitcoin, ether, and Dogecoin. He vowed to create “a crypto army moving the Trump campaign to victory on November 5th,” emphasizing his commitment to leveraging new technologies to achieve his political goals. His campaign’s message this spring was clear: “Saving our nation from Biden’s failures requires your support. As Biden piles regulations and red tape on all of us, former President Trump stands ready to embrace new technologies that will Make America Great Again.”

Featured Image: Wikipedia

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This post was originally published on this site

Trump Media & Technology Group (NASDAQ:DJTWW) and various crypto stocks experienced a significant surge on Monday following an assassination attempt on Republican candidate Donald Trump. This incident has boosted investor confidence in his chances of winning the upcoming U.S. elections.

Trump Media and Technology Group’s Surge

Shares of Trump Media & Technology Group (NASDAQ:DJTWW) skyrocketed by 46%. Trump owns a majority stake in TMTG, which is the parent company of the social media platform Truth Social. The company’s stock has already surged 75% this year, driven by retail traders betting on a Trump victory against Democratic candidate and U.S. President Joe Biden in the November 5th elections.

Crypto Stocks Benefit from Trump’s Cryptocurrency Stance

Crypto stocks also saw a significant boost, tracking bitcoin’s jump to a two-week high. Trump has presented himself as a strong supporter of cryptocurrency, which positively impacted related stocks. Crypto exchange Coinbase Global (NASDAQ:COIN), along with bitcoin miners Riot Platforms Inc (NASDAQ:RIOT) and Marathon Digital (NASDAQ:MARA), added between 5% and 7%.

“Investors are becoming more confident of a Trump victory, and it is starting to be more heavily reflected in certain sectors,” said Rick Meckler, partner at Cherry Lane Investments. However, he noted that the overall market impact remained more muted, with most investors not changing their overall commitment to U.S. equities. The broad stock market rose under both the last Trump administration and the current Biden administration.

Broader Market Reactions

Futures tied to the S&P 500 edged 0.5% higher following the incident. Gun makers and ammunition stocks also jumped significantly, with Smith & Wesson Brands (NASDAQ:SWBI), Sturm Ruger & Company (NYSE:RGR), and Ammo Inc. (NASDAQ:POWW) rising between 5% and 6.7%. Historically, gun stocks tend to rise after mass shootings due to increased calls for gun control, which often lead to a surge in firearm purchases.

Prison Stocks and Software Developer Gains

Prison stocks Geo Group (NYSE:GEO) and CoreCivic (NYSE:CXW) also rose 6.8% and 7.8%, respectively. Both companies could potentially benefit from a Trump presidency, given his promises to crack down on illegal immigration, which could increase demand for detention centers.

Featured Image: Wikipedia

Please See Disclaimer

This post was originally published on this site

Trump Media & Technology Group (NASDAQ:DJTWW) and various crypto stocks experienced a significant surge on Monday following an assassination attempt on Republican candidate Donald Trump. This incident has boosted investor confidence in his chances of winning the upcoming U.S. elections.

Trump Media and Technology Group’s Surge

Shares of Trump Media & Technology Group (NASDAQ:DJTWW) skyrocketed by 46%. Trump owns a majority stake in TMTG, which is the parent company of the social media platform Truth Social. The company’s stock has already surged 75% this year, driven by retail traders betting on a Trump victory against Democratic candidate and U.S. President Joe Biden in the November 5th elections.

Crypto Stocks Benefit from Trump’s Cryptocurrency Stance

Crypto stocks also saw a significant boost, tracking bitcoin’s jump to a two-week high. Trump has presented himself as a strong supporter of cryptocurrency, which positively impacted related stocks. Crypto exchange Coinbase Global (NASDAQ:COIN), along with bitcoin miners Riot Platforms Inc (NASDAQ:RIOT) and Marathon Digital (NASDAQ:MARA), added between 5% and 7%.

“Investors are becoming more confident of a Trump victory, and it is starting to be more heavily reflected in certain sectors,” said Rick Meckler, partner at Cherry Lane Investments. However, he noted that the overall market impact remained more muted, with most investors not changing their overall commitment to U.S. equities. The broad stock market rose under both the last Trump administration and the current Biden administration.

Broader Market Reactions

Futures tied to the S&P 500 edged 0.5% higher following the incident. Gun makers and ammunition stocks also jumped significantly, with Smith & Wesson Brands (NASDAQ:SWBI), Sturm Ruger & Company (NYSE:RGR), and Ammo Inc. (NASDAQ:POWW) rising between 5% and 6.7%. Historically, gun stocks tend to rise after mass shootings due to increased calls for gun control, which often lead to a surge in firearm purchases.

Prison Stocks and Software Developer Gains

Prison stocks Geo Group (NYSE:GEO) and CoreCivic (NYSE:CXW) also rose 6.8% and 7.8%, respectively. Both companies could potentially benefit from a Trump presidency, given his promises to crack down on illegal immigration, which could increase demand for detention centers.

Featured Image: Wikipedia

Please See Disclaimer