Nashville Bitcoin conference sparks bipartisan support for adopting Bitcoin as a U.S. strategic reserve asset.
Political leaders propose legislation to bolster Bitcoin’s status in the U.S. Treasury’s reserves.
Efforts to increase female participation in Bitcoin investment show promising growth among millennial and Gen Z women.
In a recent Fox Business interview, Natalie Brunell highlighted the growing momentum behind adopting Bitcoin as a financial reserve asset for the United States. This follows the Bitcoin conference in Nashville, which drew key figures and garnered attention from political leaders.
JUST IN – Natalie Brunell on Fox Business: "They're seriously proposing to adopt #Bitcoin as a strategic reserve asset for the US" 🇺🇸"This is historic and shows that Bitcoin is winning" 🙌 pic.twitter.com/c4S7TnFv3u
— Bitcoin Magazine (@BitcoinMagazine) July 29, 2024
The Nashville Bitcoin conference was a crucial event, marked by the attendance of notable figures, including former U.S. President and presidential candidate Robert F. Kennedy Jr. At the conference, Kennedy proposed a $615 billion federal purchase of Bitcoin, aiming to elevate its status as a store of value and position it alongside gold in the U.S. Treasury’s reserves.
The conference also saw discussions about Bitcoin from political figures such as Senator Cynthia Lummis. Reports suggest that Lummis has proposed a bill to designate Bitcoin as a strategic reserve for the U.S., highlighting the cryptocurrency’s broad appeal.
Additionally, Crypto lawyer John Deaton’s campaign to overthrow Senator Elizabeth Warren received support from the Winklevoss twins, signaling the crypto industry’s escalating pushback against regulatory crackdowns.
Bitcoin’s open-source nature and its design to offer property rights globally have contributed to its political appeal. Many within the political sphere recognize its potential to economically empower individuals, regardless of political affiliation. This has led to calls for a more forward-looking approach from both parties, aiming to harness Bitcoin’s benefits while bridging political divides.
Natalie Brunel added that a recent report suggested that Bitcoin could reach $52 million by 2050 if it becomes a global reserve asset. This aligns with predictions from industry leaders like Michael Saylor, who points out Bitcoin’s potential to store value long-term. VanEck’s CEO also revealed that 30% of his net worth is invested in Bitcoin, reflecting the growing confidence among large asset managers in the cryptocurrency’s future.
Despite Bitcoin ownership being aimed toward young men, Natalie Brunel noted that efforts are being made to increase female participation in the Bitcoin community. The third annual Women of Bitcoin event at the conference doubled in size, demonstrating the rising interest among millennial and Gen Z women.
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