A fundraiser for Donald Trump will be hosted by BitGo CEO Mike Belshe and JD Vance in Palo Alto, receiving significant support from the crypto sector.
BitGo CEO Mike Belshe will host a fundraiser for Donald Trump’s campaign, featuring a special guest, Republican vice-presidential nominee JD Vance. The crypto-community is anticipated to pay considerable attention to the Monday event in Palo Alto, California.
BitGo CEO Donald Trump Fundraiser
Mike Belshe, the CEO of BitGo, will be hosting a fundraiser for Donald Trump’s campaign. JD Vance, Trump’s vice presidential candidate, will be in attendance. The dinner reception is scheduled to take place in Palo Alto, California, on Monday. Bloomberg News has secured an invitation for the reception, which is expected to cost $3,300. Additionally, attendants are expected to pay $15,000 for a photo with Vance and $25,000 for a roundtable discussion. Couples may participate in the event’s host committee for $50,000.
In June, Belshe contributed $50,000 in Bitcoin to the Trump campaign. In this manner, his advocacy for Trump illustrates the correlation between crypto-enthusiasm and political activism. In May 2024, Donald Trump’s campaign initiated the acceptance of digital asset contributions, which resulted in a rise in the number of contributions from digital asset proprietors.
The Winklevoss twins of Winklevoss Capital Management, Kraken’s co-founder Jesse Powell, and Ripple’s Chief Legal Officer Stuart Alderoty are among the most prominent contributors in the industry. The cumulative cryptocurrency donations to Trump’s campaign have now exceeded $4 million.
Trump and JD Vance to Deliver Presentations at Bitcoin Conference
It is anticipated that both Trump and Vance will attend the Bitcoin Conference 2024 in Nashville, Tennessee, today to participate in crucial rally events in their pursuit of the presidency. On the same day, Trump is anticipated to deliver a speech at the Bitcoin conference and convene a private fundraiser with donors.
Conversely, Vance is commencing his campaign trail with rallies in Virginia and Ohio. Both candidates are currently endeavoring to establish their presence in the campaign, as this is a critical phase, particularly for supporters of technology and cryptocurrency.
Furthermore, there have been rumors that the Trump administration may have a Bitcoin reserve in the United States. This proposal emphasizes the increasing recognition of the potential of Bitcoin as a strategic asset, as prominent figures such as Elon Musk and Peter Brandt have predicted that the potential undervaluation of the dollar could lead to the bankruptcy of the United States.
Simultaneously, this fundraiser serves as an illustration of Trump’s expanding popularity among cryptocurrency advocates. Marc Andreessen, Ben Horowitz, and David Sacks have also endorsed Trump for the presidency. According to them, expanding the government’s deregulation and extending the expiring tax cuts, which are part of Trump’s pro-growth agenda, will facilitate the expansion of startups, particularly those specializing in developing artificial intelligence and cryptocurrency.
