Summary of Trump's 2024 Bitcoin Conference Speech: On his first day in office, he fired Gary Gensler and established a strategic Bitcoin reserve
Summary of the key points of Trump's speech at the 2024 Bitcoin Conference:
1. The reason for participating in the 2024 Bitcoin Conference is to keep the United States at the forefront of the cryptocurrency field. The United States will become the global cryptocurrency capital and the world's Bitcoin superpower.
2. Bitcoin is a "miracle of cooperation and human achievement". If we do not embrace cryptocurrency and Bitcoin technology, other countries will dominate. Bitcoin represents freedom, sovereignty, and currency that is not subject to government coercion and control.
3. In order to facilitate mining in the crypto-digital field, efforts will be made to increase power supply and develop fuel power generation, nuclear power and other environmentally friendly power generation methods. After being elected, the United States will become the country with the lowest energy and electricity costs.
4. Hope that cryptocurrencies will be mined in the United States.
5. He would fire SEC Chairman Gary Gensler on his first day in office.
6. Once elected, the President will appoint a Presidential Advisory Committee on Bitcoin/Cryptocurrency.
7. If elected, there will never be a central bank digital currency (CBDC) during my presidency, and I will order the Treasury Department to stop creating a CBDC.
8. Bitcoin will not threaten the US dollar, but the actions of the current US government are threatening the US dollar.
9. Billions of people will store their savings in Bitcoin, never sell your Bitcoin.
10. If elected, the government will retain 100% of the Bitcoin it owns and will prevent the U.S. government from selling seized Bitcoin.
11. The market value of Bitcoin will surpass that of gold in the future. Since its birth, the market value of Bitcoin has been increasing, and it has become the ninth largest asset in the world by market value. It will soon surpass silver and will surpass gold in the future.
12. If elected, a national strategic Bitcoin reserve will be established.
13. Once again promised to commute the sentence of Silk Road founder Ross Ulbricht.
14. If elected president, Bitcoin and cryptocurrencies will soar like never before, and Bitcoin will fly to the moon.
15. Assure the Bitcoin community that Joe Biden and Kamala Harris’ anti-cryptocurrency campaign will end the day they are sworn in.
16. Will be the pro-innovation and pro-Bitcoin president America needs.
17. If elected, I will keep all Bitcoin jobs in the United States.
In addition, people familiar with the matter said Trump has discussed cryptocurrency policy with Musk.