Donald Trump will win, help Bitcoin reach $150K in 2025 – Analyst

• Donald Trump is set to attend the Bitcoin 2024 conference as a keynote speaker.
• The House of Representatives has postponed its vote on overriding President Biden’s SEC veto.

Former U.S. President Donald Trump has been confirmed as a keynote speaker at the Bitcoin 2024 conference in Nashville, Tennessee.

Bitcoin conference 2024

This prominent event, renowned as one of the largest Bitcoin conferences globally, is scheduled to take place from the 25th to the 27th of July. 

The announcement was made by the conference organizers, ‘The Bitcoin Conference’, through an X (formerly Twitter) post, which stated,

Source: The Bitcoin Conference/X

Voting postponed

This event coincides with the House of Representatives postponing their vote to override President Joe Biden’s veto on the SEC’s anti-crypto rule, SAB 121.

Originally set for the 10th of July, the vote has been rescheduled to the 11th of July, at approximately 10:30 AM.

The delay followed an urgent letter from President Biden, prompting the House to defer the vote. However, the specifics of the letter are still unknown.

Expressing frustration on the matter, Representative Patrick McHenry, a vocal critic of the SEC’s rule, stated, 

 “We should not be doing business this way.” 

Trump vs. Biden

These contrasting actions by the two presidential candidates highlight the divide among crypto voters.

On one side, Trump’s recent pro-crypto move aligns with his supportive stance, while on the other, Biden continues to take a harsh stance towards cryptocurrency as the election approaches. 

Remarking on the same, The Bitcoin Therapist took to X and said, 

“Donald Trump is going to win the election and #Bitcoin is going to 150K next year. Nothing stops this train.” 

Impact on memecoin and prediction market

This news also had a significant impact on the crypto meme market. At press time, Trump-inspired memecoin Doland Tremp [TREMP] was up by 2.4% in the past 24 hours.

Conversely, the Biden-inspired memecoin Jeo Boden [BODEN] was down by 16.7% in the same period, according to CoinGecko.

Additionally, Polymarket prediction market data on the “Presidential Election Winner 2024” showed Trump leading with 62%, while Biden dropped from 17% to 13%, less than Kamala Harris who stood at 14% in the past 24 hours.

Source: Polymarket