In a bold statement at the Bitcoin 2024 conference in Nashville, former President Donald Trump declared that Bitcoin would “skyrocket like never before” if he were to return to the White House. Trump also promised to fire SEC Chair Gary Gensler on his first day in office, aiming to remove what he perceives as a major obstacle to the growth of the cryptocurrency sector.
What Happened
The keynote address, highly anticipated by the cryptocurrency community, saw Trump speaking to an enthusiastic crowd. He emphasized the significant rise of Bitcoin during his previous term, from $898 to $35,000, an increase of 900%. Trump attributed this surge to the economic prosperity during his administration, suggesting that a thriving America directly benefits Bitcoin and the broader crypto market.
Key Statements
“Bitcoin and crypto will skyrocket like never before, even beyond your expectations,” Trump declared to a cheering audience. He further elaborated, “When America is prospering, Bitcoin is soaring and it’ll go up with it.”
SEC Chair Controversy
Trump’s promise to dismiss Gary Gensler, the current SEC Chair, was met with approval from the conference attendees. Gensler is seen by many in the crypto community as hostile towards cryptocurrencies. Trump pledged to replace Gensler with someone who believes in building the future rather than blocking it.
Conclusion
Trump’s statements at the Bitcoin 2024 conference underscore his support for the cryptocurrency market and his intention to create a more favorable regulatory environment. His promises have already stirred excitement among crypto enthusiasts, eager to see the potential impact on Bitcoin’s future.
Takeaways
Trump predicts Bitcoin will “skyrocket like never before” if he returns to the White House.
He highlighted Bitcoin’s 900% surge during his previous term.
Trump pledges to fire SEC Chair Gary Gensler on Day 1 and appoint a pro-crypto successor.
The crypto community responded positively to Trump’s promises.
Source: Bitcoin 2024 Conference
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