As a seasoned financial analyst with a background in politics and economics, I find former President Trump’s speech at the Bitcoin 2024 conference in Nashville to be a significant development in the crypto world. Having closely followed his political career and his previous stance on cryptocurrencies, I was intrigued by this unexpected turn of events.
On the 27th of July, 2024, the former American president, Donald Trump, delivered an eagerly awaited address at the Bitcoin convention taking place in Nashville, USA.
🇺🇸 President Trump just arrived in Nashville for the #Bitcoin conference.
— Vivek⚡️ (@Vivek4real_) July 27, 2024
JUST IN: 🇺🇸 President Trump arrives in Nashville for the #Bitcoin conference.
— Bitcoin Magazine (@BitcoinMagazine) July 27, 2024
Here are a few highlights from his pro-crypto speech:
- He says there’s never been anything like Bitcoin.
- He says Bitcoin is not just a marvel of technology but a miracle of cooperation and human achievement.
- He claims that Bitcoin will one day probably surpass the market cap of gold.
- He intends every bitcoin to be mined in the U.S., thereby making the U.S. the Bitcoin superpower of the world.
- He defends the right to self custody of cryptoassets.
- He pledges to fire the current U.S. SEC Chair, Gary Gensler, on day one of his presidency (assuming of course he wins the U.S. presidential election in November 2024) and appoint a new SEC Chair.
- He promises that future crypto regulations will come from people who want the crypto industry to thrive.
- He wants to create a regulatory framework for dollar-backed stablecoins, thereby making the US dollar even stronger.
- He says that Bitcoin is not threatening the dollar, but the behaviour of the current US government is threatening the dollar.
- He says crypto will skyrocket.
- He says the U.S. government is one of the largest holders of Bitcoin.
- He promises to hold 100% of all the bitcoins the U.S. government currently has and any that it obtains in the future.
🇺🇸 PRESIDENT DONALD TRUMP IS LIVE AT THE BITCOIN CONFERENCE NOW.
— Bitcoin Magazine (@BitcoinMagazine) July 27, 2024
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2024-07-27 23:58