Compiled by Deng Tong, Golden Finance
Source: Yahoo Finance, CoinDesk
Editor’s Note: The counting of votes in the U.S. presidential election is ongoing. As of 12:50 Beijing time on November 6, Trump leads Harris by 230 votes to 205, and is ahead in several key battleground states. Trump may ultimately enter the White House.
Back in July this year, at the Bitcoin Conference 2024 held in Nashville, thousands of Bitcoin enthusiasts camped outdoors for hours just to meet this cryptocurrency candidate — Trump.
As the election results are about to be finalized, Golden Finance will re-publish Trump's speech regarding cryptocurrency for readers. Below is the specific content of Trump's speech:
Trump adheres to the principle of 'America First' and believes that the crypto industry is 'like the steel industry a century ago, still in its infancy.' 'One day, it may surpass gold.'
Trump will ensure that America becomes the capital of cryptocurrency on Earth and the superpower of Bitcoin in the world.
On his first day in office, Trump will fire the current chairman of the SEC, Gray Gensler. During his presidency, there will never be a CBDC.
Trump promised in his speech to maintain the 'National Strategic Bitcoin Reserve' and 'never sell' the Bitcoin seized by the government.
Trump pointed out: 'I want Bitcoin to be mined, minted, and manufactured in America.' And he has laid out a 'comprehensive' crypto policy, from stablecoin regulation to self-custody of Bitcoin. America will become the undisputed superpower of Bitcoin mining in the world.
Trump will commute the sentence of Ross Ulbricht, the founder of Silk Road, to time served.
Our country is fortunate to have such extraordinary talent, energy, and genius in the room. They are truly geniuses, and it is this spirit that has made America. This spirit will help us make America great again. That’s what we are doing.
Today, I stand before you filled with respect and admiration for the achievements of the Bitcoin community. It is truly incredible; it’s like the steel industry 100 years ago. I believe Bitcoin is still in its infancy. In just 15 years, Bitcoin has evolved from an anonymous idea posted on an internet message board to the ninth most valuable asset in the world. Its market capitalization has surpassed ExxonMobil, and soon it will exceed the entire market capitalization of silver.
One day, Bitcoin may replace gold. Given the current developments, this is very likely. Bitcoin is not just a technological marvel; as you know, it is also a marvel of cooperation and human achievement. They just held a meeting with many leaders, a roundtable, and it was fantastic. There is a deep friendship among them. It’s really interesting. They clearly have competition, but there are also relationships. They have built friendships among themselves. I notice that I don’t often see this; I see the opposite situation. In fact, they want to attack each other. They want to destroy each other. The feelings of these people are great. They are also very smart people. Congratulations on all your achievements. This room is fantastic. The people in this room are all high IQ individuals. I am competing against a low IQ person, her, I don’t even say him, her, I met a low IQ person. …
The reason I am here today to speak to the Bitcoin community can be summarized in very simple words: America First. Because if we don’t do it, China will do it, and other countries will do it. Let’s do it and do it right. My vision is to make America dominate the future. We have the best economy, the highest standard of living, and the safest, most beautiful cities. By the way, when I say safest, our cities are heading to hell. Right now, our cities are going to hell. We need to fix our cities. We will work with the Democrats who are destroying our cities, but we will work with them. We will take back our cities. We will bring our country back …
If we do not embrace cryptocurrency and Bitcoin technology, China and other countries will embrace it, and they will dominate, and we cannot let China dominate. They have made too much progress, and we wish them success. I hope China succeeds, but we need to be the most successful. What will happen? I want America to lead in technology, science, manufacturing, artificial intelligence, and space. …
You need a lot of electricity. You need twice the amount of electricity that the U.S. currently has to dominate, and we will do it. Who would have thought we could do this? But we will do it. We will build power plants on-site. We will free people from some ridiculous demands, and we will generate power using fossil fuels because we have to. We will use nuclear energy. We will generate power in an environmentally friendly way, but the amount of electricity we produce will be so much that you will say, Mr. President, please, no more electricity. We can’t take it. You will beg me not to produce more electricity, Mr. President, we have enough electricity. We are already sufficient.
You know, in the Midwest, they just opened two charging stations, you know, one is for electric vehicles. You know, I like Elon. He’s great. He supports me, very supportive. Everything else is fine, but not everyone has to have an electric car. I told him that. So we will get rid of that regulation. If you don’t mind, some people want gas and to drive their cars. Some people want hybrids, and some people like electric cars. They are great. I think they are great. I think what he is doing is great. … Just like those charging stations built in the Midwest, there are a total of eight. They spent $9 billion to build eight charging stations to charge cars. At this rate, installing these charging stations will cost about $12 trillion. Somehow, that doesn’t work. We need to produce a massive amount of electricity for AI and everything else, including what you are doing, and we will produce it. We need to produce it quickly, or we won’t be able to compete with China and other countries. So we need to produce quickly. This afternoon, I will lay out a plan to ensure that America becomes the capital of cryptocurrency on Earth and the superpower of Bitcoin in the world, and we will accomplish it. …
If Bitcoin is going to the moon, as we say, it is going to the moon, I want America to be the leading country. That’s what’s about to happen. However, you will be very pleased with me. You will be very happy. You will say he is the greatest. That’s why I am proud to be the first major party candidate in American history to accept Bitcoin and cryptocurrency donations. …
I heard from Vivek that there are 175 million people involved in this cryptocurrency and Bitcoin world in some form, and all other worlds, 175 million people. So when they hear this news, they say, let’s be a little kinder to them, at least after the election. So I alleviated the pressure on many people, and many people are very happy today, about three months ago, they haven’t been this excited in three and a half years. Right? You know that’s true. For three and a half years, the current administration has waged an unprecedented war on cryptocurrency and Bitcoin. For those working in this industry, the target has been your banks. They cut off your financial services. Did people see that? Yes, they saw it; many people raised their hands. They prevented ordinary Americans from transferring money to your exchanges. They defamed you as criminals. But this also happened to me because I said the election was rigged. He said the election was rigged because I made that statement. Of course, they said that about us, saying it’s fine now. By the way, we did very well in the election. You know, we recently lost a candidate, the fraud Joe Biden, I think we lost that great guy, and if you want to know the truth, he is actually a terrible person, so don’t feel sad. We have another worst, worst person. However, I made a metaphor last night; think about this. I was speaking before a very powerful, very devout group, a group of Christians, evangelical Christians. Today, I spoke about Bitcoin again, and now I’m going to Minnesota for a rally. You think my life is great, right? Huh? But I am involved in many areas. From religion to Bitcoin to rallies, I won’t mix them up like others. …
It is my honor to be with you. Unfortunately, we have seen attacks on cryptocurrency. This is part of a larger pattern being implemented by the same leftist fascists, aimed at weaponizing the government against any threat to their power. They did the same thing to me. Did you see that I just won a major case in Florida? Thank you very much. …
The problem is Kamala is worse than Joe. She is a radical left-wing lunatic, cutting police funding, doing all sorts of different things. So far, we are doing — she is currently in a brief honeymoon period. But when people hear she is against cryptocurrency, by the way, she is very strongly against it. So I just want to let you know you have to get out. You have to get out and vote. No surprise, these totalitarians are hell-bent on destroying and eliminating cryptocurrency; that’s what they want to do, that’s what they say — well, I mean, they, they are completely like that. You have the SEC, you know what they are doing. Know what they are doing, eliminating Bitcoin. The reason is clear, because Bitcoin represents freedom, sovereignty, and independence from government coercion and control. The Biden-Harris administration’s repression of cryptocurrency and Bitcoin is wrong and detrimental to our country. It is really unpatriotic. …
If we can’t win this election, I know you’re not very passionate about politics, but you have to be passionate about politics because everything you do is related to politics. If we can’t win this election, this country may be doomed. The state of the country will be very bad, but we must hold on. We must fight, and we must win. I assure the Bitcoin community that on the day I take office, the anti-cryptocurrency movement of Joe Biden and Kamala Harris will end. It will end. At the moment I take office, the persecution will stop, and the weaponization against your industry will end, as long as I am in the Oval Office. Elizabeth Warren Pocahontas, remember her, yes, I am Indian. She says I am Indian. Why are you Indian? You don’t look Indian? No, no. My mother told me my cheekbones are high. Oh, that’s why she is Indian. So I call her Pocahontas, Elizabeth Warren and her gang, she is very mean to you. She hates you people. She hates everything about you. We will stop them from touching Bitcoin. Stop them from touching cryptocurrency. They can let it grow. We will let it grow. On day one, I will fire Gray Gensler …
[Audience cheers, chanting: 'Trump! Trump! Trump!']
I don’t know why he is so unpopular. Let me say it again: On day one, I will fire Gray Gensler. … I will appoint a new SEC chairman who believes that America should build the future, not obstruct it. …
As president, I will immediately close the 'Kill the Deal 2.0 Action.' … They want to kill you. They want to kill you. Bankruptcy? We will not let this happen. And your government will no longer stand by and watch Bitcoin jobs and businesses flee to other countries because America’s laws are too vague, too harsh, too angry, and too rigid. We will keep every Bitcoin job in America, and that’s what we will do. Upon taking office, I will immediately appoint a presidential advisory committee on Bitcoin and cryptocurrency. Does anyone want to join this committee …
Their task is to design transparent regulatory guidelines that benefit the entire industry, and they will complete it within 100 days. We will create regulations, but from now on, the rules will be made by those who love your industry rather than those who hate it. These people want to make things clear, simple, straightforward, and fair. They want to see your industry thrive, not decline. Next, I will immediately order the Treasury and other federal agencies to stop and terminate all necessary measures because, you know, something is happening in your industry. They want to push for the creation of a central bank digital currency. That’s over. Forget it. CBDC. During my presidency, there will never be a CBDC. …
I will always defend self-custody rights. Self-custody, you will have a great industry. You will have a great industry, and we will fuel your industry rather than destroy it. America will once again be a nation that protects property rights, privacy rights, freedom of transaction, freedom of association, and freedom of speech. We will change our country, and we will go back to a time when we were a nation building, not one self-destructing from within. As part of our efforts to provide regulatory clarity, we will create a framework for the safe, responsible expansion of stablecoins. You know what stablecoins are, right? Does anyone know? Please raise your hand. Allowing us to expand the dominance of the dollar into new realms around the world. America will become wealthier, the world will become better, and billions of people will enter the crypto economy and store their savings in Bitcoin. So that’s the situation. Those who say Bitcoin poses a threat to the dollar are completely wrong. I think that is completely backwards. Bitcoin does not threaten the dollar. The actions of the current U.S. government are the real threat to the dollar. …
The danger to our financial future does not come from cryptocurrency. It comes from Washington, D.C. It comes from trillions of dollars in waste, rampant inflation, and open borders while providing welfare and free healthcare to millions of illegal immigrants flooding into our country. It comes from printing hundreds of billions of dollars to fund endless wars overseas while our cities look like war zones at home. …
We hope to restore common sense. What we are talking about today is all common sense. Bitcoin and cryptocurrencies will soar at an unprecedented speed, even beyond your expectations, and you are the ones making it happen. When we stop the war on cryptocurrency, we will immediately, and we will quickly begin to build our economy. Because when America prospers, Bitcoin will soar, and Bitcoin will rise accordingly. We have the greatest economy in history, and we will soon have it again. Under the Trump administration, the typical middle-class family saw an increase in income of $6,000 a year. People don't like to mention that during my four years in office, Americans had more savings than at any time in decades. Now you have to listen to these numbers. These numbers are beautiful, and I don't want to repeat them. Listen to these numbers. During my four years in office, Bitcoin soared by 3,900%, from $898 on the day I took office to $35,900 on the day I left. I think that's one of the biggest leaps in almost any industry; think about that. Now, compare that to the 50% increase in Bitcoin after Biden and Harris have been in power for three and a half years, adjusted for inflation. 50% sounds nice, but when you compare it to nearly 4,000%, it doesn’t sound so good, right? You know, 50%, generally you would say, oh, that sounds pretty good. We shouldn’t write that into the speech. Is 50% really that good? When people can’t afford food or rent, they don’t have savings to store Bitcoin. This administration has created the largest inflation in our nation's history. That’s what’s happening. From day one, people have been wiped out. We will take back the White House. We will replace the Biden-Harris economic stagnation with a brand new Trump economic prosperity. You will see massive prosperity. …
I will cut unnecessary regulatory burdens. I am working every day to make America the best place on Earth to do business, including cryptocurrency business. America will be the best place. You don’t have to go to China. You don’t have to learn, oh my god, how do I learn Chinese? I want to learn it quickly. I have a granddaughter who speaks fluent Chinese. Can you believe it? That’s a wonderful thing. It’s not easy, but you don’t have to do it. Most importantly, for our citizens, we will put an end to the inflation nightmare created by this administration, and we will end it quickly. It has to end. It is destroying our country. You know, inflation is a killer of nations. You can trace it back to Germany many years ago. Look at what happened in Germany during severe inflation. It destroyed that country. Supporters of Bitcoin are a killer of nations. I want to tell you, you recognized the dangers of inflation earlier than most people. Frankly, you understand inflation better than anyone else, you know that, right? If only they had listened. They didn’t listen to you. They didn’t listen to you. The trillions of dollars of absurd waste approved by our opponents have led to the inflation disaster that Bitcoin supporters have been predicting. …
America will become the undisputed superpower of Bitcoin mining. You will become the superpower of Bitcoin mining. You don’t have to move your family to China. We won’t move to China … You won’t move to China. With our performance, Bitcoin and cryptocurrency will drive our economic growth, solidify America’s financial dominance, and strengthen our entire nation, and it will last a long time. Many Americans do not realize that the U.S. government is one of the largest holders of Bitcoin. Does anyone know? How about that? The federal government owns nearly 210,000 Bitcoins, or 1% of the total supply. But for a long time, our government has been violating a fundamental rule that every Bitcoin user knows by heart: never sell your Bitcoin …
Therefore, as the final part of today’s agenda, I announce that if elected, my government, the United States of America, will adopt the following policy: retain 100% of all Bitcoin currently held or acquired by the U.S. government; we will retain 100%. I wish you all the best. This will effectively become the core of the national strategic Bitcoin reserve. … Most of the Bitcoin currently held by the U.S. government has been obtained through law enforcement actions. You know they took it from you. Let’s take that person’s life. Let’s take his family, his house, and his Bitcoin. We will turn it into Bitcoin. It has been taken from you because that’s where we are going now. That’s where this country is going — fascist regime. Therefore, as I take action to turn this massive wealth into a permanent national asset to benefit all Americans …
Today, I reaffirm my commitment to commute the sentence of Ross Ulbricht to time served. Enough. Enough. …
Ultimately, my commitment to each of you is that I will be the president that America needs, the president that our citizens deserve, supporting innovation and Bitcoin. This will be an industry, but it will be a thriving industry, a great industry, and I will do the same for all other industries. Moreover, our country has never prospered by trying to censor new ideas and stifle the dreams of the people. America has always planted our flag at the next frontier, boldly moving forward. We must do this. We haven’t done this for a long time, especially in the last three and a half years. The opposite has been true. Those of you here have inherited the legacy of generations of American pioneers and patriots, adventurers and rebels, who settled this continent and built a modern world at the frontier. You are living at the frontier. You know the supporters of Bitcoin, right? You are the modern-day Edisons, Wright brothers, Carnegies, and Henry Fords, and what you are doing in your lifetime has the potential to outlive all of us and inspire future generations. This day will be a very important day in the history of your industry. You are working together, using your intelligence, courage, and the actions you take to build the future of America. You are involved, and that’s what you are doing. It takes courage to do this. Most people don’t have that courage. My job is to liberate you to do what Americans do best, to do what you will do better than anyone else. Victory, victory, victory. You will win with our rare energy, passion, and talent, victory, victory, victory. Our nation will not fail. We are currently a failing nation, but we will not fail for long. Our nation will not fail. With your help, we will save our country. We will restore the republic, and we will make America and Bitcoin greater, better, stronger, richer, freer, and greater than ever before. Thank you all. Have fun with your Bitcoin, your cryptocurrencies, and everything else you are doing, and we will make them one of the greatest industries on Earth. Good luck, God bless you all. Thank you. God bless you. Thank you.
