On July 28, Trump said at the 2024 Bitcoin Conference that (if I am elected) the government will retain 100% of its Bitcoin. The government's policy will be to use Bitcoin as a national strategic reserve. Never sell your Bitcoin, Bitcoin and cryptocurrencies will soar like never before.
During his speech, the price of Bitcoin experienced a V-shaped reversal. At first, the price of Bitcoin briefly fell by $1,200 and fell below the $67,000 mark; however, at the end of the speech, the price of Bitcoin suddenly rose violently, recovering all the losses and once reaching a high of $69,000
Trump said: "I will make my plan to ensure that the United States becomes the center of global cryptocurrency and the superpower of Bitcoin, and we will achieve this goal."
Trump also said that the market value of Bitcoin will surpass gold in the future. Since the birth of Bitcoin, its market value has continued to rise, and it has become the ninth largest asset in the world by market value, and will soon surpass silver, and will surpass gold in the future.
Trump said that if elected, he will set up a Bitcoin presidential committee to ensure that American Bitcoin jobs remain in the country and promote local mining of cryptocurrencies. In order to promote the development of the encrypted digital field, he plans to increase efforts in power supply and develop fuel power generation, nuclear power and other environmentally friendly power generation methods. He also emphasized that the United States will never launch a central bank digital currency (CBDC) during his term.
