The moment most crypto-investors have been eagerly awaiting for the past few weeks – Donald Trump’s keynote speech at the 2024 Bitcoin Conference in Nashville, USA. At the end of the article you can follow the live coverage!
This is Trump’s first appearance in a crypto conference and holds significance because of the likely impact it could have on the markets.
His speech follows that of Robert Kennedy Jr., who suggested during his keynote yesterday that he plans a serious investment in Bitcoin if he is elected president. He wants to make Bitcoin a reserve currency for the US by buying a total of 4 million BTC (500 BTC per day).
In addition to giving a speech, Trump is hosting a prominent fundraiser, with ticket prices peaking at more than $844K. David Bailey, CEO of BTC Inc. and conference organizer, highlighted the growing alignment between the Bitcoin industry and Trump’s political stance.
During his presidency, Trump openly criticized Bitcoin. In July 2019, he stated that he was “not a fan” of Bitcoin and other cryptocurrencies, arguing that their value was “not based on anything” and that unregulated crypto-assets could facilitate illegal activities such as drug trafficking . In a 2021 interview with Fox, he labeled Bitcoin a “scam” and expressed his preference for the US dollar as the primary global currency.
However, the ex-president has shifted his views, most likely to gain the attention of the crypto community. Now his campaign strategies include accepting donations in crypto, pledging to end President Joe Biden’s “war on crypto,” and advocating for future Bitcoin mining conducted in the United States.
The crypto market is known to be influenced by comments from non-influential people like Donald Trump and Elon Musk, making the former president’s speech relatively important to the crypto markets.
LIVE COVERAGE:
He said that Bitcoin could overtake gold in the future and that BTC is going to the moon: “The biggest jump in Bitcoin was when I was president.
Trump also said that one of the reasons he showed up at the conference was that he wanted America to be first in the sector because China or other countries could take over the industry. He said: “We want to be the first to embrace the technology”
Former president also revealed his intentions to increase the country’s power generation capacity so that the US can secure an advantage: “We need a tremendous amount of electricity in the United States to dominate, and we will get it… We are going to use fossil fuel to create electricity“
In his opinion, not everyone should drive electric cars, we are going to get rid of that mandate. He added: “We are going to create tremendous electric for AI and crypto technology to compete with China.
According to him USA will be the crypto capital of the planet and the bitcoin superpower of the world
Trump believe that iIf the democrats win the election, they will be mad at the crypto people, that Joe Biden is the worst person and that this last election was rigged
He also said: “God bless everyone involved in the Bitcoin world” According to Trump, Kamala Harris is against crypto and is the worst than Joe Biden Bitcoin stands for freedom and independence from government and control, The Biden – Harris administration’s crackdown on crypto and Bitcoin is wrong and Biden is America’s worst president
Trump added: The day I take office on anti-crypto crusade… will be over. It will be done.
BREAK: On day one, Trump will fire SEC Chairman Gary Gensler
He will end Operation Choke Point 2.0 The former president will immediately appoint crypto-presidential advisory council and said that there will never be a CBDC in the United States save the right for
“Bitcoin doesn’t threaten the dollar, the behavior of the current US government is;When I was president, we didn’t have wars,” Trump said
He promised that “Bitcoin and crypto will soar like never before; even beyond your expectations; we will stop the war with crypto and we will build our economy; we will stop the war with crypto and we will build our economy
Trump: “This administration has caused the greatest inflation in the history of our country; We are going to have a tremendous boom in our economy; The stock market is going up because people think Trump is going to be elected” “If we win, this country is going to prosper like it has never prospered before… We will lift up the workers and we will reward success, we will not punish success… I will the Make Trump Taxes Permanent and Deliver Mass Tax Cuts for Families… No Tax on TIPS” “I will make America the best place to create crypto business… We will end inflation and we will end it fast… iI’m going to stop World War 3
Trump said: “Wi have more liquid gold under our feet than any other country in the world… We will be an undisputed Bitcoin mining house“
Bitcoin and crypto will grow our economy… The US government is one of the largest holders of BTC… almost 210,000 Bitcoin tokens… Holds 100% of the Bitcoin that the US holds… The government has the rule “Never sell your Bitcoin don’t sell” violates Trump: I will stop US government from selling seizure of Bitcoin … I will be the pro Bitcoin president that America needs … I will set you free and let you win, win, win.
The former president repeated again that he will reduce the sentence of Ross Ulbrichtsay that’s enough
“We are a failed nation right now, but it won’t be for long… We will make the USA and Bitcoin bigger, stronger and bigger than ever before! … We will make it one of the biggest industries in make the world.”
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