⚠️ Trump confirms Bitcoin will become a US strategic reserve asset if elected
US presidential candidate Donald Trump said he will make Bitcoin a strategic reserve asset if elected during his keynote speech today at the Bitcoin 2024 Conference.
“I am announcing that if I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the Bitcoin the US government currently holds or acquires into the future. We’ll keep 100%,” said Trump. “This will serve in effect, as the core of the strategic national Bitcoin stockpile.”
The idea of Bitcoin becoming a reserve asset aligns with Trump’s recent shift toward a more pro-crypto stance, a major departure from his previous criticism of digital currencies. The move could bolster Bitcoin’s legitimacy, attract new investors, and potentially drive up its price if it is implemented.
Previously, billionaire entrepreneur Mark Cuban also suggested that Bitcoin could emerge as a global reserve asset. According to him, Bitcoin could serve as a “safe haven” amid geopolitical uncertainties and inflationary pressures.
Trump also revealed his plans to transform the US into a Bitcoin superpower, emphasizing the need to maintain the country’s leadership in the crypto industry to prevent China and other nations from taking the lead.
💬 “If we don’t adopt crypto and Bitcoin, others will,” Trump stated.
He announced his intention to fire SEC Chair Gary Gensler on his first day in office, replacing him with a leader who supports technological innovation. Trump criticized the current administration’s harsh stance on crypto as “un-American” and vowed to terminate Operation Chokepoint 2.0.
💬 “I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’s anti-crypto crusade will be over,” Trump asserted.
Additionally, Trump proposed appointing a Presidential crypto advisor to create a supportive environment for the crypto industry.
