Donald Trump is invited to deliver a keynote address at the Bitcoin 2024 Conference in Nashville.
Simon Dixon confirms rumors about Trump proclaiming Bitcoin as the US’ strategic reserve.
Dennis Porter highlights the potential impacts of the strategic shift in the US financial policy.
Republican Presidential Candidate Donald Trump’s much-awaited presence at the upcoming Bitcoin 2024 Conference in Nashville has sparked speculations about Trump endorsing Bitcoin as a strategic reserve.
Simon Dixon, a prominent Bitcoin investor and the author of the first Bitcoin book, shared an X post confirming the rumors about Trump’s strategic move. In his tweet, more reliable sources affirm the possibility of Trump considering Bitcoin as a strategic reserve.
🇺🇸 Getting more & more confirmations that these rumours maybe true.Trump to announce a USA #Bitcoin strategic reserve in Nashville. pic.twitter.com/yUUB5HCbhx
— Simon Dixon (@SimonDixonTwitt) July 18, 2024
Notably, Trump has been invited to deliver a keynote address at the nation’s largest gathering of crypto enthusiasts, the Bitcoin Conference, scheduled for July 25 to 27. Alongside the conference, Trump will participate in a campaign fundraiser in Nashville, where the top ticket costs $844,600 per head. For $60,000, an individual can take a photo with Trump during the event.
Analysts anticipate a critical shift in US financial policy due to the growing influence of Bitcoin and Trump’s pro-crypto stance ahead of the election. SatoshiActFund CEO Dennis Porter has voiced the potential impact of Bitcoin becoming the nation’s reserve. He claims such a move could be a “decisive win” for both the US and Bitcoin.
Adding #Bitcoin as a strategic reserve would be a decisive win for America and for #Bitcoin, but some wonder “how it can be done”. The most obvious way forward: Exchange Stabilization Fund (ESF) at the U.S. Treasury. Click ‘show more’ below for an in depth explanation of ESF…
— Dennis Porter (@Dennis_Porter_) July 18, 2024
In a previous X post, Dennis hinted at how the financial shift in the US would have a global impact. He wrote: “Adding Bitcoin as a ‘strategic reserve’ to the US Treasury is a no-brainer, and once the USA does it, the paradigm will shift, and the world will understand they must also have a Bitcoin position.” However, Trump hasn’t yet commented on the matter. It remains to be seen whether the former President will initiate a financial shift and how it will impact the nation.
The post Speculation Grows: Trump to Back Bitcoin as US Strategic Reserve at 2024 Conference appeared first on Coin Edition.
