Bitcoin Magazine CEO David Bailey plans to raise $15 million for former U.S. President Donald Trump's re-election campaign later this month. The fundraiser is likely to take place at or immediately after the Bitcoin conference in Nashville. The fundraiser and Bitcoin conference will take place against a backdrop of increased political tension and violent rhetoric in the United States. While in office from 2017 to 2021, Trump called cryptocurrencies "not money" and "based on fantasy," but changed tack after announcing his re-election bid in 2022, saying his campaign would embrace cryptocurrencies and planned to mine all remaining bitcoins in the United States.