Bitcoin had another rocky day on Thursday, flip-flopping between intraday highs of $59,650 and lows close to $57,000.
The world’s largest cryptocurrency ultimately closed around 0.6% lower against the US dollar, with losses mounting for the third day in a row this Friday.
As Bitcoin continues to flounder below $60,000, one political heavyweight has given his strongest endorsement of the decentralised economy yet.
In a surprising move, Republican presidential candidate Donald Trump has been announced as a speaker at the upcoming Bitcoin 2024 conference, which kicks off on 25 July.
ANNOUNCING: PRESIDENT DONALD J. TRUMP TO SPEAK AT #BITCOIN2024 pic.twitter.com/F2mwECVMTW— The Bitcoin Conference (@TheBitcoinConf) July 10, 2024
Trump has become increasingly supportive of the cryptocurrency industry, with the Republican National Committee pledging to “end Democrats’ unlawful and un-American crypto crackdown and oppose the creation of a Central Bank Digital Currency.”
The Bitcoin 2024 conference’s somewhat bizarre line-up also includes Russell Brand, who is facing sexual misconduct allegations, independent presidential candidate Robert F. Kennedy Jr., and whistleblower Edward Snowden.
More conventional guests will include Microstrategy’s chairman Michael Saylor and tech investor Cathie Wood.