On 27 July 2024, former U.S. President Donald Trump gave a highly-anticipated speech at the Bitcoin 2024 conference in Nashville, United States.
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.
You can watch the video recording of the full speech here: https://www.youtube.com/live/uRQZAOK24IQ?si=QDhsKM7xqIEy9vab
Bitcoin is currently trading at around $67,465, up 0.4% in the past 24-hour period.
Featured Image via Pixabay
