Donald Trump made a dramatic appearance at the Bitcoin Conference, taking the stage after a one-hour delay. He addressed the audience, praising the Bitcoin community as emblematic of America’s pioneering spirit. Trump boldly predicted that Bitcoin would surpass gold as a monetary asset and hailed it as a marvel of human ingenuity and solidarity.
Asserting a competitive stance against China, Trump advocated for widespread adoption of cryptocurrencies in the United States to ensure technological leadership. He likened Bitcoin to the steel industry a century ago, emphasizing the need for American dominance in this burgeoning sector. Promising increased electricity generation to support technologies like artificial intelligence and Bitcoin mining, he pledged to do so using cleaner methods, albeit with continued use of fossil fuels.
Trump declared his vision for the United States to become the global capital of cryptocurrency, vowing to champion its mining and production within the country. He criticized political opponents, including Vice President Kamala Harris, for their skepticism towards cryptocurrencies and promised to appoint a Bitcoin and crypto advisory council upon assuming office to establish clear regulations beneficial to the industry.
In a bold move, Trump vowed to preserve Americans’ right to self-custody their cryptocurrency assets and prevent Bitcoin-related jobs and businesses from relocating abroad. He lauded Bitcoin users for their understanding of economic principles like inflation, contrasting their foresight with mainstream ignorance.
Looking ahead, Trump promised to halt the potential sale of seized government Bitcoin, advocating for the creation of a Strategic National Bitcoin Reserve if elected. He concluded with a rallying cry for investors to hold onto their Bitcoin, expressing confidence in its future growth and its role in global finance.
Disclaimer: This content does not constitute investment advice.