Donald Trump promises to endorse Bitcoin as the US strategic reserve if he is re-elected.
The presidential candidate envisions turning the US into the world’s crypto capital.
Hailing Bitcoin as the superpower, Trump predicted that the crypto would one day overpower gold.
At the Bitcoin Conference 2024 in Nashville, Republican presidential candidate Donald Trump announced his vision to turn the United States into the “crypto capital” of the world. Trump added that the pioneer cryptocurrency, Bitcoin, would be hailed as a “superpower” one day.
Trump’s basic agenda is to work on a US Strategic Bitcon stockpile if he is re-elected. He also promised that the government will not sell any of the Bitcoins currently in the portfolio. Detailing his plans, Trump stated,
If I am elected it will be the policy of my administration, the United States of America to keep 100 percent of all the bitcoin the U.S. government currently holds or acquires into the future. This will serve in effect as the core of the strategic national Bitcoin stockpile.
Since Trump agreed to deliver a keynote address at the Bitcoin Conference, the community has been anticipating the former President’s endorsement of Bitcoin as a national reserve. With reports revealing Senator Cynthia Lummis’ new Bitcoin bill, speculations grew about Bitcoin conquering a superior position in the nation.
During his speech, Trump used an analogy of the steel industry to address the Bitcoin market, adding that he had great respect for the community. His vision for Bitcoin was further bolstered by the prediction that the crypto would overtake gold in the future.
Moreover, Trump enthralled the crowd with his powerful words for Bitcoin. He asserted that the crypto, which is expected to define the future, should be mined, minted and made in America. He added, “If Bitcoin is going to the Moon, as they asy, I want it be America that sends it there.”
In addition, he predicted Bitcoin’s substantial surge under his government. As of today, Bitcoin is moving in a red zone, experiencing major ups and downs over the past few weeks. At press time, Bitcoin is exchanging hands at $67,387, with a slight decline of 0.88% in a day. The impact of the upcoming election in November on the Bitcoin market needs to be seen.
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