Standard Chartered expects Bitcoin to hit $100,000 ahead of presidential elections and $150,000 if former president Donald Trump wins
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In an exclusive fundraiser event hosted by Craft Ventures in San Francisco on June 7, 2024, former United States President Donald Trump showcased his interest in and support for the cryptocurrency domain. He strongly criticised the Democratic Party for their constant efforts to regulate and discontinue crypto.
The high-profile fundraising event was held at billionaire investor David Sacks’ residence in Pacific Heights. Venture capitalist Chamath Palihapitiya co-hosted it. Both discussed their potential investments in cryptocurrencies, especially Bitcoin.
During the event, Trevor Traina, a San Francisco-based tech executive and former Trump ambassador to Austria, stated that Donald Trump declared himself the ‘crypto president’. The event was the first significant fundraiser following Trump’s conviction. The campaign’s acceptance of crypto is a significant development, as it opens a fresh avenue for potential funds and views Trump as a crypto-friendly political candidate.
The crypto industry is seeking high influence among US politicians as it grapples with heightened regulatory scrutiny. This was the primary reason for the crypto firm bankruptcies in 2022, which exposed numerous misconduct and fraud and left millions of investors in financial crunch.