Bitcoin's Next Catalyst

In 2021, Michael Saylor famously declared Bitcoin "the apex property of the human race."

Fast forward to today, and the Nashville Bitcoin Conference is set to potentially cement Bitcoin's next big breakout when it kicks off next week

Donald Trump, now favored to win the Presidency in the next election, has been vocal about his support for Bitcoin.

Trump's position on Bitcoin has evolved significantly, now seeing the "digital gold" as a key technology that the U.S. should embrace... before China does.

He has even suggested that, if elected, he would have the government buy Bitcoin to help back the dollar, and wants the US to dominate Bitcoin mining.

This bold statement could significantly impact Bitcoin's trajectory, especially given the former President's influence and following.

The anticipation surrounding Trump's appearance at the conference is already palpable, with Bitcoin rallying over 20% off recent lows. The rally gained even more momentum after Trump survived the recent assassination attempt, adding to the narrative of resilience and strength.

The conference will also feature Robert F. Kennedy Jr. (RFK), another prominent political figure who has shown interest in Bitcoin. His presence and potential endorsement could further pressure the Biden administration to reconsider its stance on the cryptocurrency.

Positive remarks from both Trump and RFK could put political pressure on the Biden administration to pivot toward a more pro-Bitcoin stance as well.

Will the Biden administration take notice? Will Trump's bold claims about integrating Bitcoin into the government's financial strategy push the current administration to rethink its approach?

These questions loom large as we head into the Nashville Bitcoin Conference one week from today.