The Bitcoin2024 conference in Nashville, came to a successful conclusion around 4 p.m. On Saturday, Trump announced that he would be “pro-Bitcoin” and “pro-innovation” if re-elected in November.
He claimed that fresh ideas and attempts to suppress the aspirations of our people have never led to the prosperity of our country.
Trump also promised on Saturday that the day he returned to office, he would commute the life sentence of Silk Road mastermind Ross Albrecht and fire Gary Gensler, the chairman of the US Securities and Exchange Commission. Hundreds of people filed out of the Music City Center when Trump’s address ended at 4 p.m., signaling the end of the weekend’s cryptocurrency frenzy.
Trump Takes the Stage in Bitcoin 2024
About an hour later than planned, at 2:57 p.m. Saturday, Trump took the stage at Bitcoin2024.
Thousands of people in the audience chanted and sang along as “Good Bless the USA” came over the speakers.
The webcast lit up nearly every screen in the Music City Center simultaneously. In adjacent overflow rooms, hundreds of conference attendees who were unable to attend the lecture in person.
“This is the spirit that made America”, he told the audience. “This is the mindset that will enable us to restore America’s greatness. I am overwhelmed with respect and admiration for the achievements of the Bitcoin community as I stand here today”. Ranked as the ninth most valuable asset.
“America first is the easiest way to describe why I’m here to talk to the Bitcoin community today. If we don’t do it, China and other countries will. Let’s do it the right way”. I want cryptocurrency to be mined, and developed in the United States if it is to shape the future.
On Saturday afternoon, Trump asserted that he was the first US president to speak at a Bitcoin event.
As the “Crypto Capital of the World”, it focused on keeping the US ahead of China and other countries in the development of cryptocurrencies and Bitcoin.
According to Trump, “Bitcoin is going to the moon”. “You will be very pleased with me”.
To thunderous applause from the audience, he announced that he would fire SEC Chairman Gary Gensler “on day one” and that he would appoint a crypto advisor to design “clear regulatory guidance” within 100 days.
Trump Proposes a National Bitcoin Repository
With more than $5 billion worth of bitcoins it acquired through legal seizures, the United States is currently among the largest holders of the cryptocurrency.
Trump said on Saturday that if he wins the 2024 election, he will ensure that the United States moves all of its current bitcoin holdings into a “strategic national bitcoin stockpile” as “primary”.
“Our government has broken a basic rule that all Bitcoin users know very well: Never sell your Bitcoin,” Trump said.
“My administration’s policy, if elected, will be to hold or buy 100% of all Bitcoin in the future”. This will effectively serve as a central component of the strategic national Bitcoin reserve.
Trump Takes Aims at Kamala Harris
We have a nation to govern. Kamala is worse than Joe, which is the problem. She is a crazy radical leftist.
She is currently enjoying a short honeymoon. Success will be rewarded. We will not penalize success. I will give significant tax breaks to individuals and families. This includes tip tax exemption.
“We will quickly put an end to the nightmare of inflation that this administration has brought. It is ruining our nation. A country has inflation, look at Germany’s experience of hyperinflation.
“Frankly, bitcoiners have a better understanding of inflation than anyone else. If they had only paid attention, 20-30% of the value of every dollar would have been lost quickly. The life savings of millions of Americans were quickly wiped out”.
This is a secret taxation scheme. Formerly known as the Biden Tax, I now refer to it as the Harris Tax. 50% tax on people is inflation..
“When I return to the White House, I will end the extravagance and waste of this administration. Because we are closer to World War III than we have been since World War II, I will end it. I will end it. Below the borders, we will defeat inflation and restore the American Dream for all people, regardless of race, religion or creed”.
Trump Receives a Gift of Bitcoin
BTC Media CEO David Bailey announced on Saturday that he would “officially welcome” Trump to the bitcoin community by giving him bitcoins.
“Neither the red party nor the blue party is involved. It’s an Orange Party thing,” Bailey remarked. “And who better to lead the Orange Party than Donald Trump?”
Bitcoin’s entire branding is orange.
An anxious audience awaited the arrival of former President Donald Trump on stage.
“The future of this nation is in Bitcoin,” Bailey declared.
He said the partner “flew halfway around the world” to bring Casacius bitcoin he was holding.
“I want to officially welcome Donald Trump as a bitcoiner and present him with a bitcoin, an unguarded bitcoin, on behalf of the entire bitcoin community.”
There was a moment when the audience stood up and chanted to welcome him.
“He’s not ready yet,” Bailey remarked.
Many held placards throughout the gathering that read, “Bitcoin We Trust” and “Bitcoin = Freedom.” Others held placards that read “Scala,” a reference to a recent investigative podcast by the right-wing publication The Daily Wire detailing the background of Vice President Kamala Harris.
As they waited for Trump to arrive, the crowd started listening to the music again.
Final Wording
As Election Day approaches, Trump has become more accepting of cryptocurrencies, shedding his earlier distrust of them. In a tweet during his time as president in 2019, he expressed his disdain for bitcoin and other cryptocurrencies, calling their values “highly volatile and based on thin air.” Bitcoin “just seems like a scam,” he also told Fox News in 2021, adding that he disliked it “because it’s another currency compared to the dollar.” Trump has since embraced cryptocurrencies, enabling fans to donate bitcoin to his campaign and picking JD Vance, R-Ohio, as his running mate. Vance backs and owns at least $100,000 worth of Bitcoin.
A Trump victory in November could help the cryptocurrency market because, according to Bernstein analysts led by Gautam Chhagani, bitcoin’s price is “positively correlated with the probability” of a Trump victory, giving it the results. Makes you “sensitive” to Vice President Kamala Harris, Trump’s Democratic opponent, is likely to follow the regulation-focused crypto policies of her former running mate, President Joe Biden.
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