On July 26, Barron's Weekly reported that everything Trump did around the Bitcoin 2024 conference was to obtain campaign contributions. According to the article, some bitcoin investors believe that Trump will make a major statement at this conference, such as supporting the US government to buy bitcoin as a strategic reserve asset similar to foreign currency or oil. But the move requires a legislative process, which means it is almost impossible to achieve soon. Although Trump agrees with this or any other pro-cryptocurrency narrative, it will definitely have a positive impact on the price.