A digital token named after Donald Trump has skyrocketed by 50,000,000% in just three hours

Note: not investment advice!

The organizers of The Bitcoin Conference have announced that former US President Donald Trump will be one of the speakers at the event. The conference will be held on July 25−27 in Nashville, Tennessee, and is considered one of the largest gatherings of bitcoin enthusiasts and crypto industry leaders.

The announcement of Trump’s upcoming speech has aroused considerable interest in the crypto community. In addition to the controversial US presidential candidate, other politicians will share their views at the event, including another presidential candidate, Robert F. Kennedy Jr. and former candidate Vivek Ramaswamy.

The news had a significant impact on Trump-related cryptocurrencies. Thus, TrumpCoin (DJT) grew by almost 50,000,000% in less than three hours, reaching a market capitalization of $ 143.1 million. Another meme cryptocurrency, Satoshi Trump (MBGA), grew by more than 7,900%, reaching a market capitalization of $ 2.8 million.

Trump’s populist involvement in the bitcoin community in order to gain an electorate of crypto enthusiasts has caught the attention of many. Last month, he met with prominent bitcoin miners and emphasized the importance of bitcoin mining BTC $63,660.75 Bitcoin -2.87% Market capitalization $1.26 trillion VOL. 24 hours $1.53 billion in the United States on his Truth Social platform.

Trump also accepts cryptocurrencies for political donations and is financed by the Winklevoss brothers, the founders of the Gemini crypto exchange.

Trump’s attitude towards cryptocurrencies resonates with his supporters. According to the Polymarket platform, Trump has a 62% chance of winning the presidential election in November, which is in stark contrast to the 12% chance of incumbent President Biden.

The No Worries editorial team strongly advises readers not to invest their own funds in digital tokens with high volatility and little-known cryptocurrency projects!