Former US President Donald Trump gave a highly anticipated speech at the 2024 Bitcoin Conference, with many statements that "heartened" the crypto investment community.
What did Mr. Donald Trump say at the Bitcoin Conference 2024?
The information that the entire cryptocurrency community has been eagerly following in the past 24 hours is definitely the appearance of former US President Donald Trump at the Bitcoin Conference 2024, an annual event of the BTC community being held in the city. Nashville city (Tennessee, USA).
The reason this event is expected is because in recent times, Mr. Trump's election campaign has made crypto one of the main arguments to attract supporters, stemming from his actions to suppress public companies. company in the cryptocurrency industry during the Biden administration.
This is the first time a former US President has appeared at a major Bitcoin community event, which was also acknowledged by Mr. Trump himself.
TRUMP: “I'm thrilled to be here in Nashville to become the first American President ever to address a Bitcoin event anywhere in the world” pic.twitter.com/nZeAX2D7cJ
— ALX 🇺🇸 (@alx) July 27, 2024
At the beginning of the nearly 1-hour speech at the Bitcoin 2024 Conference, Mr. Trump was awarded 1 BTC by the representative of the organizing committee to commemorate.
JUST IN: Bitcoin Magazine's CEO David Bailey to give 1 #Bitcoin to President Trump on behalf of Bitcoiners 💥 pic.twitter.com/56XxDjQX6d
— Bitcoin Magazine (@BitcoinMagazine) July 27, 2024
The former President got straight to the point when asserting that under Biden, America has weakened in every aspect, including nurturing progress through promoting the crypto and Bitcoin industries. Therefore, if elected back to the White House, Mr. Trump will do everything to keep crypto in the United States .
“If we don't do it, China will. Crypto can be XEM like the steel industry of 100 years ago, it is only in its early stages.”
Mr. Trump wants the US to become the world's "center" and "superpower" for Bitcoin by cutting energy costs to retain and attract Miners.
TRUMP “I'm laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the World.. if Bitcoin is going to the Moon — as we say— I want America to be the nation that leads the way” pic.twitter.com/4YK2RHxroM
— ALX 🇺🇸 (@alx) July 27, 2024
“If Bitcoin goes to the Moon, I want America to be the leader.”
The former President also raised the possibility that Bitcoin will one day surpass gold .
TRUMP: “This is the steel industry of 100 years ago… In just 15 years, Bitcoin has gone from merely an idea posted anonymously on an internet message board to being the ninth most valuable asset anywhere in the world.” pic.twitter.com/ihm0e2HnOm
— ALX 🇺🇸 (@alx) July 27, 2024
“In just 15 years, Bitcoin has gone from an idea that originated on the Internet to being the world's 9th most valuable asset. It will soon surpass silver metal. [...] Maybe one day it will surpass gold. Until now, no asset has been able to do that, and the majority of public opinion still does not understand it clearly. Just XEM what will happen when they see the potential of Bitcoin?”
Mr. Trump also did not forget to remind listeners that his first term (2017 - 2021) was the most explosive period for Bitcoin, continuously setting historical peaks, and he is ready to join the Bitcoin community in re-establishing this. in the next 4 years.
One of the most valuable moments of the speech was Mr. Trump's mention of US Securities Commission (SEC) Chairman Gary Gensler . Accordingly, the 2024 US Presidential candidate affirmed that one of his first moves when sitting in the hot seat in the Oval Office will be to fire Gensler . This statement by Mr. Trump immediately received applause and cheers from attendees at the 2024 Bitcoin Conference, to the point that he was so surprised and excited that he repeated it again to continue to stir up the crowd. winter.
BREAKING: Donald Trump vows to fire SEC chairman Gary Gensler on day one pic.twitter.com/2WMwD6cFPi
— ALX 🇺🇸 (@alx) July 27, 2024
Mr. Trump probably does not know that SEC Chairman Gary Gensler is one of the government officials most hated by the cryptocurrency community when he continuously attacks projects in the industry with securities accusations despite Congress. The US has not yet issued specific crypto management laws, but still maintains the title of protecting investors' rights.
Taking this opportunity, Mr. Trump announced that he would end " Operation Chokepoint 2.0 ", a nickname often used by the crypto community to refer to the US government's crypto repression policy under Biden.
🚨TRUMP: "AS PRESIDENT I WILL IMMEDIATELY SHUT DOWN OPERATION CHOKEPOINT 2.0" pic.twitter.com/ecjVhkIRLv
— Autism Capital 🧩 (@AutismCapital) July 27, 2024
Mr. Donald Trump then made the announcement that the entire crypto community was looking forward to, affirming that he would establish a national Bitcoin reserve for the US , based on the amount of more than 213,000 BTC being held by the US Department of Justice. held as evidence confiscated from criminals.
Donald Trump pledges that under his administration, the US Government will keep 100% of all the Bitcoin currently owned and acquired in the future, which will serve as the creation of a Strategic National Bitcoin Stockpile. pic.twitter.com/0cdhOd03Mj
— ALX 🇺🇸 (@alx) July 27, 2024
“The United States owns nearly 210,000 BTC, equivalent to about 1% of the total Bitcoin supply. But our government has long violated the basic rule that every Bitcoin investor knows by heart: Never sell Bitcoin.If elected, my administration will have a policy of holding all the Bitcoin that the US government has. This will be a key part of the national Bitcoin reserve."
Mr. Trump's other crypto commitments include:
- Establishing an advisory board on Bitcoin and crypto for the President;
- Do not allow the US federal government to issue a national digital currency (CBDC);
- Issue a legal framework to support businesses making stablecoins;
- Release Ross Ulbricht, the founder of the Bitcoin black market The Pirate Bay who was sentenced to life in prison by the US.
- Thank you for the support of the crypto community for the election campaign, with more than 4 million USD in crypto donated.
During the speech, Donald Trump also repeatedly urged the audience not to forget to vote for him in the November election, because the above commitments can only come true if he once again becomes the leader. America.
Bitcoin price has increased and decreased according to Mr. Trump's statements. The world's largest cryptocurrency in the past 72 hours has had a spectacular recovery since falling to 63,450 USD on the morning of July 25 , then rising to 69,400 USD in the hours before the former President appeared. currently Bitcoin Conference 2024.
In the early stages of the speech, when Mr. Trump rambled about the political and economic situation of the US, without mentioning Bitcoin and cryptocurrency too much, the price of BTC dumped all the way to 66,650 USD, before recovering. rebounded to $68,800 as he finally mentioned the changes he would bring to the cryptocurrency market if elected.
15m chart of BTC/ USDT pair on Binance at 04:55 AM on July 28, 2024
Coin68 compiled
Join the discussion about the hottest issues of the DeFi market in the Fomo Sapiens chat group with Coin68 admins!!!
