In the 2020 U.S. presidential election, the campaigns of the two major candidates (Trump and Biden) cost billions of dollars. For example, Biden's campaign expenses exceeded $1 billion, and Trump's spending was close to the same amount.
It's not yet known how much will be spent on this year's presidential campaign, but Donald Trump raised $25 million at the 2024 Bitcoin conference, marking the second highest amount raised in his three presidential campaigns.
There's big money in it for sure. Think of all the people who look forward to this event every 4 years so they can use their connections to funnel money to their businesses. Think of all the candidates hoping to raise funds that they can use to pay friends and family members to work on their campaigns... For some, it isn't about winning or losing, or even the country. It's just another way to raise a ton of money that they can dish out to those they seek to gain favors from in the future.