In a groundbreaking speech at the 2024 Bitcoin Conference, former President Donald Trump laid out a bold vision for the future of Bitcoin and cryptocurrency under his potential second term.
Here are the key points from his address:
1. Immediate Regulatory Changes
Trump announced that on his first day in office, he would fire Gary Gensler and appoint a new SEC chairman. This move aims to reshape the regulatory landscape for cryptocurrencies, making it more favorable for Bitcoin and its enthusiasts.
2. National Bitcoin Stockpile
If elected, Trump plans to create a strategic national Bitcoin stockpile. This initiative underscores his belief in Bitcoin’s potential and his intention to position the United States as a leader in the global crypto market.
3. Retention of Government-Owned Bitcoin
The U.S. Government, under Trump’s leadership, will retain 100% of its Bitcoin holdings. This policy signifies a long-term commitment to Bitcoin, highlighting its importance as a national asset.
4. Bitcoin’s Skyrocketing Potential
Trump declared that “Bitcoin is going to the moon.” He urged people never to sell their Bitcoin, emphasizing his confidence in its future value and potential to surpass the market cap of gold.
5. Support for Ross Ulbricht
Reaffirming his previous stance, Trump pledged to commute Ross Ulbricht’s sentence, a significant gesture towards the Bitcoin and broader crypto community.
6. Opposition to CBDCs
Trump made a strong stand against Central Bank Digital Currencies (CBDCs), promising that there would never be a CBDC while he is President. He views CBDCs as a threat to financial freedom and personal sovereignty.
7. Crypto Market Surge
He assured that under his presidency, Bitcoin and other cryptocurrencies would skyrocket like never before. This optimism is rooted in his proposed policies that aim to foster a more crypto-friendly environment.
8. Defense of the Dollar
Trump stated that Bitcoin is not a threat to the dollar; instead, it is the current U.S. government policies that are undermining the dollar’s strength. His administration would reverse these policies to protect the national currency.
9. Crypto Capital Vision
Trump envisioned the United States as the crypto capital of the planet and the Bitcoin superpower of the world. This ambition involves positioning the U.S. at the forefront of global crypto innovation and leadership.
10. Symbol of Freedom
Trump highlighted that Bitcoin stands for freedom, sovereignty, and independence from government coercion and control. This principle is central to his crypto policy agenda.
11. End of Anti-Crypto Policies
He pledged to the Bitcoin community that the day he takes office, the anti-crypto crusade of Joe Biden and Kamala Harris will be over. This marks a stark contrast to the current administration’s stance on cryptocurrency.
Trump’s speech at the 2024 Bitcoin Conference resonated deeply with the crypto community, offering a vision of a more decentralized, free, and prosperous future under his leadership.
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