Summary of Trump's Bitcoin Conference 🎉💸
I. Background and time of the speech 📅🌍
Time: 4:00 am on July 28, 2024, Beijing time, Saturday, Eastern Time, USA. 🕓Location: Bitcoin 2024 Conference held in Nashville, Tennessee. 🏢Identity: Speech as a Republican presidential candidate for the 2024 US election. 🎤
II. Main content of the speech 📝
Support for Bitcoin 💪Trump said that the market value of Bitcoin will exceed that of gold, and believed that Bitcoin is in its infancy and has great potential for future development. 🚀Emphasizing that Bitcoin represents freedom, sovereignty, and independence from government coercion and control.
🗽Policy proposition 📜Fire the Chairman of the SEC: Trump promised to fire Gary Gensler, Chairman of the Securities and Exchange Commission (SEC), after being elected, believing that his regulation of cryptocurrencies is too strict.
🔥Establishing a strategic reserve of Bitcoin: Trump said he would keep the government-pledged Bitcoin as a strategic reserve and prevent the U.S. government from selling seized Bitcoin. 🔒Cryptocurrency policy: Trump promised to set up a presidential advisory committee on Bitcoin and cryptocurrency after taking office to formulate policies conducive to the development of cryptocurrency.
👨⚖️Oppose CBDC: Trump clearly expressed opposition to the development of central bank digital currency (CBDC), believing that it would threaten personal property rights and freedom of trade. 🚫Prospects for the status of cryptocurrency in the United States 🌐Trump said he would ensure that the United States would become the crypto capital of the earth and hoped that the United States would lead the world in the field of cryptocurrency.
🏆Promised that the United States would produce more electricity to support the development of cryptocurrency-related industries such as artificial intelligence and Bitcoin mining. ⚡️Attacks on political opponents 🗣️Trump repeatedly attacked his political opponents in his speeches, especially Democratic candidate Kamala Harris and Senator Elizabeth Warren, believing that they were opposed to cryptocurrency.
💥Support for the Bitcoin Community 👏Trump expressed his respect and admiration for the Bitcoin community and promised to support the development of Bitcoin and cryptocurrency after his election. 🙌
3. Market Reaction 📈
During Trump's speech, the price of Bitcoin fluctuated for a time, and it quickly rebounded after a short-term decline. The market reaction was mixed, but overall, Trump's speech had a certain positive impact on the cryptocurrency market.💹
