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July 28th Trump BTC Conference Speech Summary

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1. The U.S. government will keep 100% of its Bitcoin

Trump announced that if I am elected, the United States will retain all Bitcoin currently held and acquired in the future, which will serve as the core of a strategic national Bitcoin reserve.

This means that the US government will not sell the bitcoins it holds, but will include them in its national reserves. This may become the next important narrative after the Bitcoin spot ETF.

2. Fired the current SEC Chairman Gensler on his first day in office

This suggests that the Trump administration may make major adjustments to existing cryptocurrency regulatory policies, which may become more relaxed and friendly.

3. Trump solemnly promised that he is the president who supports Bitcoin the most

Trump said he will be the most pro-innovation and pro-Bitcoin president in the U.S. The U.S. will become the global cryptocurrency capital and the world’s Bitcoin superpower.

4. During my tenure, Bitcoin increased 39 times

Trump said that he would quickly begin rebuilding the U.S. economy because when the United States prospers, Bitcoin will also soar.

During Trump's four years in office, the income of middle-class American families increased by $6,000 per year, and Bitcoin soared 39 times.

5. Call on everyone not to sell Bitcoin

Trump believes that Bitcoin may one day surpass the market value of gold. Such calls will increase market confidence in Bitcoin and reduce selling pressure.

6. Clearly opposed to CBDC, Bitcoin is not a threat to the US dollar

Trump said, "When I serve as President of the United States again, there will never be a central bank digital currency."

This means that Trump prefers decentralized cryptocurrencies rather than digital currencies controlled by central banks. This is a long-term positive for the crypto market.

7. Support USD stablecoin

This means that the Trump administration recognizes the legitimacy and role of stablecoins such as USDT and USDC. This will contribute to the widespread use of stablecoins.

8. Improve the crypto ecosystem and banking services

This means that Trump will promote cooperation between banks and cryptocurrencies, and more banks may provide cryptocurrency-related services, which is a long-term positive.

9. Bitcoin’s right to self-regulation

This means that the Trump administration will reduce its intervention in Bitcoin and give the crypto market more autonomy.

10. Support crypto mining

This means that the Trump administration may bring more policy benefits and resource support to the crypto mining industry.

11. Legislate Bitcoin within 100 days of taking office

This means that Trump will provide a clear legal framework for Bitcoin, reduce uncertainty and protect the interests of investors.

12. Encourage innovation

This means that Trump will support and promote the development of cryptocurrency and blockchain technology, and more policies and resources may be invested in this field.

Taken together, these policies and measures suggest that the Trump administration has a positive attitude toward cryptocurrencies, which could lead to more opportunities and less regulation.

After the Bitcoin spot ETF, the inclusion of Bitcoin in the national strategic reserve will become a brand new narrative in the market, and the future is promising. For more practical content, you can add assistant changjian018 to join the group

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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