With the 2024 US elections right by the corner, politicians are trying to garner the support of the crypto community. However, it looks as if the community is siding with one candidate. In an election year that is crucial to politics, a pro-crypto PAC has been established this week in anticipation of former president and Republican nominee Donald Trump’s anticipated speech at the Nashville, Tennessee, 2024 Bitcoin conference on Saturday.
Fox Business reports that this move will further integrate the previously fringe realm of virtual currency into mainstream political campaigns. After working in the IT industry for forty years, Jeff Turner launched Crypto For Us PAC, a new political action committee whose goals are to elect federal and state candidates that support technology and to create laws that support cryptocurrency freedom in the legal and administrative spheres.
Why are crypto voters important?
Unlike in 2020, cryptocurrency owners are banding together to form a single voting bloc in 2024, as previously reported by Bankless Times. These voters, who number in the millions, reside in pivotal swing states where the previous presidential election was decided by the slimmest of margins. According to Morning Consult statistics, millions of individuals believe that cryptocurrency would either make or destroy their chances of winning the elections.
The growth of cryptocurrencies as an asset class is closely linked to the emergence of the cryptocurrency voter. Currently, 5 percent of Americans own digital assets. Precisely 52 million individuals. This sum can change the outcome of the upcoming elections.
Donald Trump’s BTC conference speech draws attention from the wider community
Supporters of the Bitcoin sector had previously received an invitation from Donald Trump to attend this private fundraising event. The request specified that a round table seat would cost them $844,600 at the event. The action is being taken at a moment when the whole cryptocurrency market is keeping a careful eye on Trump’s actions.
In the past, Trump’s actions have impacted Bitcoin values when a botched assassination attempt increased the likelihood that he would win the next election. Later in the conference, Trump is expected to speak on the main stage of the summit. This speech of the presidential nominee has kept market participants on toes, as they turn hopeful toward more mainstream acceptance of crypto with a less hostile outlook.
