Former US President Donald Trump is rumored to have a groundbreaking announcement at the upcoming Bitcoin Conference 2024 in Nashville.
According to industry sources, the former President may announce Bitcoin as a strategic reserve asset for the United States.
Satoshi Action Fund co-founder, Dennis Porter, and BnkToTheFuture founder, Simon Dixon, both shared this rumor on social media, citing reliable sources.
However, these claims have not been confirmed by Trump, his staff, or any other public source. Until official confirmation is provided, these claims should be considered speculation.
Bitcoin as a reserve asset
The idea of Bitcoin becoming a reserve asset has been gaining traction in the cryptocurrency community, with many arguing that the move would ensure the dominance of the US dollar in the global financial landscape. The idea has gained more traction in recent weeks after Trump reportedly discussed the idea during a meeting.
Porter stressed that Bitcoin as a strategic reserve asset for the US Treasury is a “no-brainer,” suggesting that the move could change the global financial landscape and spur other countries to adopt Bitcoin.
This idea has even spread beyond the crypto industry, with BlackRock CEO Larry Fink recently making similar statements and calling the leading cryptocurrency “digital gold.”
David Bailey, CEO of Bitcoin Magazine and an advisor to the Trump campaign, has also explored the theoretical implications of the US adopting BTC as a strategic reserve asset. His vision includes securing a large amount of BTC for the US Treasury by locking up the 210,000 BTC held by the US for 100 years.
The rise of political importance
This rumor has created considerable excitement among investors and cryptocurrency advocates. Bitcoin-friendly political leaders have long recommended considering BTC as a strategic reserve asset.
Vivek Ramaswamy, a former presidential candidate, has been advising Trump on Bitcoin and digital assets since January. Ramaswamy has previously proposed backing the US dollar with a basket of commodities, including Bitcoin, to hedge against inflation and maintain the value of the currency over time.
In recent weeks, Trump has expressed strong support for the industry despite past reservations, and Republicans have also included Bitcoin and cryptocurrency-related issues in their latest platform.
Adding to speculation about more Bitcoin and crypto-friendly measures, Trump recently announced that Senator JD Vance, a prominent Bitcoin advocate, will join his running mate as his vice presidential candidate for the 2024 election.
Source: https://tapchibitcoin.io/trump-co-the-cong-bo-bitcoin-la-tai-san-du-tru-chien-luoc.htm
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