Donald Trump's 2024 #BitcoinConference Speech highlighted a series of bold promises for the cryptocurrency community. On day one, he vowed to remove Gary Gensler from his position and appoint a new SEC chairman. He also pledged to establish a strategic national Bitcoin reserve for the US government, ensuring that 100% of the Bitcoin owned by the government is retained.
Trump declared that Bitcoin is poised for unprecedented growth and urged people to never sell their Bitcoin, predicting it will one day surpass the market value of gold. He reaffirmed his commitment to commuting Ross Ulbricht's sentence and promised there would be no Central Bank Digital Currency (CBDC) during his presidency. Trump confidently asserted that Bitcoin and cryptocurrencies would experience remarkable growth if he were elected president.
Moreover, Trump emphasized that Bitcoin does not pose a threat to the dollar; rather, it is the current US government that is undermining the dollar. He envisioned the United States becoming the global hub for cryptocurrency, positioning itself as the world’s Bitcoin superpower. Trump portrayed Bitcoin as a symbol of freedom, sovereignty, and independence from government control, assuring the Bitcoin community that the anti-crypto policies of Joe Biden and Kamala Harris would end the day he takes office.
