The following content was produced by teacher @PhyrexNi and is reproduced verbatim. His consent for forwarding has been obtained.
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I recorded all the contents of Trump's speech, and then used AI to translate them into Chinese. I went through it myself and it was about 80% accurate. Now I feel a little dizzy, so I didn't modify it. It basically doesn't affect the reading. So picky friends don't go in.
The following is the full translation, it is very long
To talk about cryptocurrency, we have to talk about Bitcoin, we have to talk about all these great companies.
But our country is blessed with the extraordinary talent and energy and genius, truly great genius, represented in this room.
That's the spirit that built America, and that's the spirit that will help us make America great again. So we're doing it.
I stand before you today with so much respect and admiration for what the Bitcoin community has accomplished. It's really incredible actually, I kind of want to say.
It's incredible because they know so much about it and they know so much about it, much more than people who are a little bit older. But I say this is really the steel industry 100 years ago. I think you're still in the early stages. I can see it happening.
In just 15 years, Bitcoin has gone from an idea posted anonymously on an internet message board to the ninth most valuable asset in the world. Can you believe it? Is this correct?
This is a big deal.
Think about it. It's already bigger than ExxonMobil. Soon it will surpass the entire market value of silver. What about gold? Let's talk about gold. Let's talk about gold.
It may surpass gold today, but based on the current trend, there is a high probability that this will happen. Nothing like this has ever happened in history.
I think you've never seen anything like this, and most people don't know what it is, right? So what happens when they figure it out? That's going to be a really big deal. Bitcoin is not only a miracle of technology, you know, it's a miracle of cooperation and human achievement.
The relationships that were built, they just had a meeting around the table with a lot of leaders.
The camaraderie is really interesting, obviously there’s competition, but there’s also a relationship and a lot of friendships that have been built between people. I’ve noticed that and I don’t usually see that very often.
They actually want to get to know each other, they want to beat each other. These guys have a great feel.
Congratulations on all that you've accomplished. This room is amazing, everyone in this room is a high IQ individual, and I'm up against a low IQ individual. I'm not talking about him, I'm talking about her, she's a low IQ individual.
The reason I'm here today to speak to the Bitcoin community can be summed up in very simple words: America first, because if we don't do it, China will, and other countries will do it. Let's do it and do it well. My vision is an America that dominates the future. We have the best economy, the highest standard of living, the safest and most beautiful cities. And when I say safest, by the way.
Our old folks are leaving now. We're going to fix our cities. We're going to work with the Democrats who destroyed our cities, but we're going to work with them and we're going to take our cities back. We're going to take our country back.
We were once the freest, most ambitious, most dynamic nation on Earth, and we're going to have it all again, because we're not there yet. We're a nation in decline. You know, that doesn't sound great, but that's OK, because we're going to bring it back. We're going to bring it back very quickly. Now. It's embarrassing. It's embarrassing to me. But even today, when you look at what we just said.
If they respected our country, this would never have happened. So if we don't embrace cryptocurrency and Bitcoin technology, China will. Other countries will. They will dominate, and we will.
Trying to dominate things is moving too fast, and we want them to succeed. We want China to succeed, but we have to be the most successful. What will happen? I want the United States to be number one in technology, science, manufacturing, and artificial intelligence.
Because at MIT, my uncle was a professor there, Dr. John Trump, and he would fit right in in this room. In fact, that's why I mentioned him. He's the longest-tenured professor in the history of MIT, I believe.
We have very smart family members. In fact, he has three different degrees. They asked him, John, are you willing to stay here as a professor? Well, I have a lot of offers, I guess he said. But I have a lot of offers. He stayed there for, I believe it was 41 years. When I was in the White House, the head of MIT came to see me and brought a book about my uncle, who was a legend in the world of academia and MIT. So I know a lot about what you guys are doing, and I have a great respect for highly intelligent people.
You are very smart.
Our destiny is to stay ahead of our adversaries, to stay ahead in everything, and to not yield to anyone. You know, some of you are involved in artificial intelligence, but you have the same needs. You need something called electricity. You need a lot of electricity. You know, what artificial intelligence needs to really dominate.
China can build more power facilities. We have environmental impact reports to do, but we need two things.
You need a lot of electricity to be able to do that. You need double the electricity we have in the United States right now to dominate, and we will do it. Who would have thought we could do that? But we will do it.
We're going to build facilities at these sites, we're going to remove some of these ridiculous requirements, and we're going to use fossil fuels to generate electricity because we're going to use nuclear power. We're going to do it in an environmentally friendly way. But we're going to produce so much electricity that you're going to say, sir, we don't need more electricity. We can't take it. You're going to beg me, don't produce any more electricity, sir, we've had enough, we've had enough,
In the Midwest, they just opened two charging stations to charge electric vehicles.
I like Elon, he's great. He supports me and supports me well. So does everything else. But not everyone has to have an electric car. I told them that. So we're going to remove that mandate, if you don't mind. Some people want a gas-powered car, some people want a hybrid.
Electric cars are good. I think they're good. I think what he's doing is good and I think he understands it. I guess he probably wouldn't have supported me unless I was in the field, but he did, which is like they didn't.
We spent $9 billion to build eight charging stations to charge, and at this rate, we need to spend about $12 trillion to install charging stations. If these charging stations stop working, the state will have to file for bankruptcy, do a Chapter 7 bankruptcy, not a Chapter 11 bankruptcy, but it's the equivalent of a Chapter 11 bankruptcy. Now, we have to upgrade. We have to have common sense, but what we do need to do is reduce a lot of it.
China and other countries, so we have to produce quickly.
This afternoon, I will lay out my plan to ensure that America will become the global cryptocurrency hub and Bitcoin superpower. We are on our way to achieving that goal.
If cryptocurrency is going to define the future, I want it to be minted in America.
America is going to be the leader, it's not going to be made anywhere else. If Bitcoin is going to go to the moon, as we say it's going to go to the moon, I want America to be the country that leads that process. And that's what's going to happen. You're going to be very happy with me.
He is the greatest man ever. That is why I am proud to be the first major party candidate in American history to accept Bitcoin and cryptocurrency donations.
I can tell you that we have received a lot of donations, which I am very grateful for. Since our announcement on May 21st, we have raised $25 million, most of which is Bitcoin, cryptocurrencies, and other very good currencies. But as you know, our excitement about the future of Bitcoin and cryptocurrencies is completely different from the current administration.
Actually, the way things are going, we will take a neutral position. We will. We are very different from anybody else in the Café. First of all, we understand what they don't understand. They are holding back Japan, holding back progress. But I'm simplifying a lot for you because the SEC is very strict with you. And now, they seem to accept me. All of a sudden, those are the ones who are being investigated.
We don't want that. We love her.
If they win this election, every single one of you.
They will become vicious and ruthless.
There are things you can't believe, but now, because of me, they don't bother you anymore. So please say thank you, Mr. President, thank you very much.
The reason they're doing this is I heard some of you great geniuses tell me about this topic. I heard there are 175 million people involved in some form or another in this world of cryptocurrencies and Bitcoin and all the other cryptocurrencies. So when they heard this, they said at least be nice to them after the election.
I've taken a lot of stress off a lot of people. A lot of people are very happy today, whereas about three months ago, they weren't that happy.
You know, over the past three and a half years, the current administration has waged an unprecedented war on cryptocurrency and Bitcoin. For those of you who work in this industry, they...
Banks, they cut off your financial services. Some say yes.
They block regular Americans from transferring money to your exchanges. They defame you and say you are criminals. But it also happens to me because I say the election was rigged.
He said the election was rigged and that he should spend the rest of his life in prison for that statement. Of course they say that about us too, but that's okay.
By the way, we did very well in the election. We lost the candidate.
I thought we lost this amazing person, who was actually a horrible person if you want to know the truth. So don't feel bad.
This is the worst possible situation. The worst possible situation you can imagine.
I should have made a metaphor last night. Last night, thinking about this, I was thinking.
A very strong and very religious Christian group.
And then today I'm standing in front of Bitcoin, and then I'm going to Minnesota to hold a rally.
Life is so good, isn't it? But I cover a lot of ground. I go from religion to Bitcoin to rallies.
And I’m not as confused as some others.
When they come out and say.
Blessing to all of you who are participating in this world of discussion. But we actually need that blessing because you have to do something very special. We had a very good time talking to Christians last night, Christians and Christian groups. It was so beautiful. And then we had a very big rally in Minnesota. There hasn't been a win there since 1972. Richard Nixon, can you believe it? I think you know, I think we're leaving Minnesota.
Thank you. Thank you. This is happening in Minnesota, but I think we're doing pretty good. So we're going to leave here and go to a big rally over there. But it's a real pleasure to be with you all. Unfortunately, when we.
The attacks on cryptocurrencies support part of a larger pattern, perpetrated by the same left-wing fascists, of weaponizing government against the government.
You see, I just wanted to mention Florida. Thank you very much.
Thank you so much for today.
Yes, that was a case about documents. I have the Presidential Records Act on my side, by the way. They say, they say, they say.
But we won't sue you because he's incompetent.
I want to win the game the old-school way.
I don’t want to win the game the way he wants to win.
The case was won because they called him incompetent. Think about this.
I have faith. So he was incompetent to run the Trump trial, but he was not incompetent to run the country. What's going on? But he's not doing that anymore because he didn't do particularly well in the debates. Did anyone watch the debates? Not many people.
Someone said to me.
You have to open your eyes. You have to see what's going on. We have a country to run. The problem is Kamala is worse than Jen.
Let it go, abolish the police, all these different things.
You know there's a little bit of a honeymoon period right now, but when people hear about her, she's.
By the way, she's against very important. I'm telling you, you have to get out and vote. It's no surprise that these same totalitarians are determined to destroy cryptocurrency and wipe it out. That's what they're in it for. They're here right now. You know what the FCC is doing, destroying Bitcoin. And the reason couldn't be clearer, because Bitcoin represents freedom, sovereignty, and government coercion and control.
The government's crackdown on cryptocurrencies and Bitcoin is wrong and very bad for our country. It's really un-American. You know, we officially defeated the worst president ever six days ago, and then...
I believe he is the worst president in American history.
Millions of people are coming into our country. They're coming out of prison. Where are they coming from? Think about it.
Once the terrorists from the mental hospitals come in, now is the time when the most terrorists are coming into our country, the ones you just heard about.
I did that. They're coming again and nobody's checking them. Nobody knows what's going on. We don't know what's going on. We've lost control of our country and only bad things are going to happen. So it's stuck, you know, it's going to happen like that. We're not going to let that happen. We're taking them head on and we have to make sure we do it. We need to do this for our country. You can't just be a fighter and then let your men go.
Lose the battle or the woman. But in this case, a man is losing the battle. He’s 15, 16, 17 points behind. They’re saying you’re not going to win. Joe, you’ve got to quit. He doesn’t want to quit. He says I’m not going to quit. They’re saying you’re going to quit.
Don't get discouraged. They got 14 million.
Quit. We're going to enforce the 25th Amendment based on your mental condition, he said. Like I said before, I think I'm going to quit.
They kicked him out. But like, think about this.
You actually campaign, you spend a lot of money, a lot of time, a lot of energy.
Then they said to take him out of the fight and we'd bring in a new fighter. The new fighter would probably be her, my second choice.
Because she would be my second choice. And if we don't win this race, I know you guys are not that political, but you have to be political.
Think maybe you guys have a lot of politics involved in what you do. If we don't win this game.
Then we know if this country is to continue to exist.
We must be there, we must fight, we must wait. I pledge my all to the Bitcoin community.
Sworn in, Joe Biden and Kamala Harris’ anti-crypto crusade will be over. It will be over, it will be done.
The moment I take the oath of office, the persecution stops and the weaponization ends.
As long as I'm in the Oval Office.
Yes, I'm Indian, she said. I'm Indian. Why are you Indian? You don't look Indian. No, my mom told me I have Gaucher problems. Oh, that's what she's dead.
In Pocahontas.
With Warren and herself saying she's vicious to you. She hates you guys. She hates everything about you. They're going to pull the plug because they're going to pull the plug. They're going to let it grow. We're going to let it grow. On day one, I'm going to fire Gary Gensler's appointment.
I had no idea he was so unpopular.
Let me say it again.
On day one, I would fire Gary.
I will appoint a new SEC Chairman who believes America should build the future, not hinder it, which is what they are doing now.
And Kamala Harris wants him to be the Secretary of the Treasury. That's not good. That's not good. He was Hillary Clinton's finance guy. You know those broke Hillaries? Remember Crooked Hillary? Do you remember him? Does anyone remember? He was the finance chairman of Hillary Clinton's campaign against Donald Trump. Persona non grata.
Close the operation choke point.
I think
Stifle you. They want to put you out of business. We will not let that happen. Your government will no longer sit idly by and watch Bitcoin jobs and businesses go to other countries because American laws are too unclear, too harsh, too angry, too inflexible. We will keep it.
Bitcoin works in America. This is what we are going to do.
Immediately upon taking office, I will appoint a Presidential Advisory Commission on Bitcoin and Cryptocurrency. Does anyone want to serve on this special commission?
Their mission is to design transparent regulatory guidance that benefits the entire industry. They will accomplish that mission. In 100 days, we will have regulations, but from now on, the rules will be written by people who love your industry, not people who hate it. These people want to make the rules clear, simple, straightforward, and fair. They want to see your industry thrive.
Not those guys.
Immediately, under the direction of the Treasury Department and other federal agencies, take all necessary steps to cease and desist because there is something going on in your industry that wants to promote the creation of a central bank digital currency.
CBBC Central bank digital currency will never be introduced by the US president.
I will always defend the right to self-host. Self-host.
We're going to have a great one.
Isn't this a great industry? We will be the fuel?
They say they're going to destroy your industry. America will once again be a country that protects property rights, privacy, freedom of trade, freedom of association, and freedom of speech. We will change, and we will go back to the time when we were a country under construction, not a country that was eating itself from the inside.
As part of our efforts to provide regulatory clarity, we will create a framework to facilitate the safe and responsible expansion of stablecoins. Do you know what a stablecoin is? Anyone know? Please raise your hand.
Allowing us to expand the dominance of the dollar into new areas around the world. America will be richer, the world will be better off, and millions of people will be brought into the crypto economy, storing their savings in Bitcoin. So that's what it's like. That's basically it.
The story that Bitcoin threatens the dollar is completely wrong. I think it is completely wrong. Bitcoin is not a threat to the dollar. The current actions of the US government are the real threat to the dollar.
The danger to our financial future does not come from cryptocurrencies, but from Washington, DC.
From trillions of dollars wasted, rampant inflation, and open borders while providing welfare and free healthcare to the millions of illegal immigrants that flood our country.
From printing hundreds of billions of dollars to finance endless wars overseas while our cities resemble war zones at home.
Two weeks ago in Chicago, 117 people were shot, 17 dead. There's nothing like this in Afghanistan. You think about those places, look at what's happened in our cities, we've never seen anything like this in the last three years, the last three and a half years. I can think of 117 people shot, 17 dead, over the Independence Day weekend.
The United States of America? I don't think so. By the way, when I was president, we had no wars. We didn't start new wars. Remember when Hillary said he would start a war? Look at his character. No, I said my character would keep us out of war.
But we ended some of the old wars, like ISIS, that they said would take five years to accomplish, maybe longer. We did it in four weeks and took down ISIS in Florida because we have a great military, which, by the way, is not an awakened military. Maybe some of the people at the top are awakened, but it’s not an awakened military. I saw that first, and when I saw what they did for me, they were unbelievable.
Accomplished things that no one thought possible. Our real generals and soldiers, they haven't woken up. They've tried to wake them up, but these people won't wake up. I can promise you that when you support us this November, we will restore confidence, we will restore common sense to our nation's capital. Because ultimately this is not about whether you're a conservative or a liberal or a progressive. They love progressives, and that sounds great, right? It's going to destroy our country.
It's a terrible word. Destroy our country, but this is not about that. This is about common sense. We want to bring common sense back. And today we're talking about common sense, and Bitcoin and cryptocurrencies are going to soar like never before, and even beyond your expectations, because you're the ones doing this.
When we stop the war on cryptocurrencies, we will immediately, and very quickly, start building our economy because when America booms, Bitcoin booms. It will boom with it. We have had the greatest economy ever, and we will have it again very soon. The typical middle class family income has increased by $6,000 per year under the Trump administration. People don't like to mention this, but Americans have more money saved than ever before.
You yourself, during my four years as president, you have to listen to these numbers, these numbers.
I don't want to repeat myself. Listen to me, strong accessories. So during my four years as president, Bitcoin went up 3,900%, from $898 the day I took office to $35,900 the day I left office.
This is the biggest increase.
I guess that's pretty much the end of it. Think about it. Now compare.
Three and a half years.
Recommended for inflation.
7050% Now 50% sounds good, but not so good compared to nearly 4000%.
50% usually sounds good, but don't put it in your speech; don't say 50%.
Is that good? This administration has created the greatest inflation in our nation's history when people can't afford groceries and have no savings to put in Bitcoin.
From day one when we take back control of the White House, we will replace the Biden-Harris economic stagnation with the new Trump economic growth. You will have huge growth.
There are a lot of great analysts out there.
One of them and others said the stock market was going up because they thought Trump would be elected and that if he wasn’t, the country would go into a fancy version of a depression.
1929, hopefully not like this, but I understand what they're saying. The stock market is going up because it looks like we're going to win the election. I don't know what's going to happen with the election, you know, elections are a headache. I don't know what's going to happen. But if we win, this country is going to be a boom town. It's going to be more boom than it's ever been. The economic plan of the current administration.
Includes new spending and $5 trillion in tax increases.
$5 trillion in tax increases. They want the Trump tax cuts to expire. They want a wealth tax so that when you make all your money you get it.
They want to take your money in the form of unprecedented taxes.
Capital gains taxes will be 50% more than management would pay. My plan is the exact opposite. We will lift up workers and create.
So many people. We are going to reward success, not punish success. They want to punish success, punish genius.
Yes, but I will let you make permanent progress sometimes and provide massive tax cuts for productive families, individuals and businesses.
Including making tips tax-free, right, get rid of the tip tax starting now. I will cut unnecessary and burdensome regulations, and work every day to make America the best place on earth to start a business.
The cryptocurrency industry, this is going to be the best place. You don’t need to go to China. You don’t need to learn how to learn Chinese quickly.
I have a little granddaughter who speaks fluent Chinese. Can you believe it? It's a wonderful thing, but you don't have to do it. Most importantly for our citizens, we are going to end the inflation nightmare that this administration has created. We are going to end it quickly. It has to end. It's destroying our country. You know, inflation is a nation destroyer. You can go back many, many times.
In Germany, look at what happened in Germany during the great inflation, which destroyed the country. It was a destroyer of a nation, Bitcoiners. I tell you, you recognized the dangers of inflation long before most people. You understood inflation better than anybody. You knew it, didn't you?
If they had listened to you earlier. They didn’t. They didn’t. The absurd waste of trillions of dollars approved by our adversaries has resulted in the inflationary disaster that Bitcoin users have been predicting, with even 40% of the value of every dollar quickly wiped out by 2030. You understand this, but so many others have had their life savings quickly destroyed.
Quite simply, uncontrolled inflation is a hidden tax.
I call it a hidden tax. I call it the Biden tax, now call it the Harris tax or the Harris Biden tax or whatever we're going to call it, but it's a disaster. It's a 50% tax. Inflation. Think about that.
It's a 50% tax on people. 50%. It's a human tragedy that has devastated people. It's a national disgrace. It's destroyed everything and it must never happen again, and when I'm president, I guarantee it won't happen because we'll take steps to make sure it never happens again. They let prices get completely out of control.
We're going to adjust our energy to levels that people haven't seen in years.
We had $1.87 a gallon of gas under my administration. You don't see prices like that now. We had almost no inflation for four years under my administration. It was 1.4% when I left office, and then it stayed at that level for almost two years. Remember when Biden said it was 9%? I took over at 9%. That was just another lie. Misinformation, disinformation.
We gave them a prosperous country, and we went through COVID.
Incredible work. We never got credit for it. Always got credit for the economy and the military. We rebuilt the military, we built up the Space Force. We did a lot of different things and never got credit for it. You know what, we left them a great country with essentially no inflation. Two years later, they took the country and inflation to the extreme. They're saying the cost of living is up over 50% in some cases.
It could be harder, depending on what they include. They don't include interest rates from 2.5% to 10%. But you can't get the money. When I return to the White House, I will stop this crazy and wasteful spending.
I will end endless wars. They will never happen again. We have no wars. We have no new wars under the Trump presidency. They think I will start a war. Let me tell you something. I will prevent World War III.
We are the closest to World War III since the end of World War II. I will seal my borders and stop the millions of people pouring into our country illegally.
We're going to beat inflation to the ground, and we're going to do it fast. We're going to bring back the American Dream to every citizen of every race, religion, color, and creed. We're going to bring back the American Dream. You don't even hear the words American Dream anymore. You don't hear those words anymore. We used to talk about the American Dream. A lot of you are chasing the American Dream, but if you don't have anything, you're going to be crushed. I didn't get that opportunity.
If you don't choose me, you'll be crushed. You'll say, Alice, what a mistake this is.
She has no talent and fails at almost everything, I said.
We have more liquid gold beneath our feet than anywhere in the world, more than Saudi Arabia, more than Russia. We don't use it. We don't use it. They use it. We don't use it. We go out and buy oil for gym women. Incredible.
Don't stop there. We will harness all forms of American energy. I have set an ambitious goal that by the end of my term, America will have the lowest cost of energy and electricity in the world. We can achieve this at a fraction of the cost.
We can do this at a fraction of the cost using the resources right under our feet. With low energy costs, the United States will become the undisputed Bitcoin mining power in the world. You will become the Bitcoin mining power. You don't have to move your family to China.
You won't move to China.
As we implement this message, we will grow our economy, solidify America's financial dominance, and strengthen our entire country over the long term.
Is anyone unaware that the US government is one of the largest holders of Bitcoin?
Did you know that the federal government owns nearly 210,000 bitcoins, or 1% of the total supply? But our government has long violated the cardinal rule that every bitcoin holder has in mind: Never sell your bitcoins.
That's right, there has never been anything like this in history. That's right.
How I came to this, never sell your Bitcoin. So as the final part of my plan today, I am announcing that if I am elected, it will be the policy of the United States Government to retain 100% of all Bitcoin currently held or acquired in the future.
I wish you all the best 100%.
This will serve as the core of a strategic national Bitcoin reserve.
As you may know, the majority of Bitcoin currently held by the U.S. government was acquired through law enforcement actions.
They're going to take your Bitcoin away because that's the direction our country is heading in. It's going to be a fascist regime.
So, as I take steps to transform this tremendous fortune into a permanent national asset that benefits all Americans, today I reaffirm my commitment to commuting Ross Ulbricht's sentence to time already served. Enough is enough.
That's enough.
This is where we are as a country. Ultimately, my promise to each of you is that I will be the pro-innovation and pro-Bitcoin president that America needs, that our citizens deserve. This will be a thriving industry, a great industry, and I will do the same for every other industry. Our country has never prospered by trying to censor new ideas and stifle the dreams of its people.
America has always planted our flag on the next frontier and has bravely pushed forward. We must do the same. We haven't done that in a long time, especially in the last three and a half years. This is going to be the exact opposite.
This room carries on the legacy of generations of American pioneers and patriots, adventurers and rebels who settled this continent, built the modern world, and lived on the frontier. You live on the frontier. Did you know that? Bitcoiners, you are the modern-day Edisons, Wright brothers, Carnegies, and Henry Fords, and you have the opportunity to surpass us in what you do in your lifetime and inspire future generations.
This is a very important day in the history of your industry.
Whether you are building America's future with your own ideas, your own grid, and your own investment.
It takes courage. Most people don't have that courage. My job is to set you free so you can do what Americans do best, better than anyone else. Win, win.
With our rare energy, passion, and talent, our nation cannot fail. We are a failed nation now, but we will not fail.
With your help, we will save our country, we will restore our republic, and we will make America and Bitcoin bigger, better, stronger, richer, freer, and greater. Thank you. Have fun with Bitcoin and cryptocurrencies and everything else you're playing with. We're going to make it one of the greatest industries on Earth. Good luck to you and God bless you. Thank you. God bless you.
