#比特币大会
In fact, I don’t really want to summarize the Bitcoin Conference, because old money doesn’t take Trump seriously at all, and a politician’s speech before he moves into the White House will not affect them at all.
And as I said before, good news is bad news, and what politicians promise may not necessarily come true, just like Trump’s wall, which was not repaired until he was ousted.
The following is a summary of the BTC Conference. If you like it, take a look, if you don’t like it, just quit.
Summary of Trump’s speech at the Bitcoin 2024 Conference
Main content
Bitcoin development:
Recognize Bitcoin’s innovative journey from anonymous ideas to becoming the world’s ninth largest asset.
Emphasize the United States’ leading position in technology, science, manufacturing, artificial intelligence, space, and energy, and position the United States as the center of Bitcoin and related innovations.
Bitcoin policy commitments:
Support the mining, minting, and manufacturing of Bitcoin in the United States.
Promise that if elected, the Biden/Harris administration’s anti-cryptocurrency campaign will be ended, Gary Gensler will be fired, and the “Chokepoint 2.0” operation will be shut down.
A presidential advisory committee on Bitcoin and cryptocurrency will be created to set fair rules.
Opposes central bank digital currencies (CBDCs) and supports the right to self-custody, freedom of trade, freedom of association and freedom of speech.
Supports US dollar stablecoins and global Bitcoin savings.
Economy and Bitcoin:
Believes that the current government's actions threaten the US dollar, and Bitcoin holders are more aware of the dangers of inflation.
Promises to turn the United States into the lowest-cost energy producer and supports Bitcoin mining.
Opposes the US government's sale of Bitcoin and establishes a strategic national Bitcoin reserve.
Other promises:
Commute the sentence of Silk Road founder Ross Ulbricht.
Become a president who supports innovation, Bitcoin and technology.
Reasons for the flat market reaction
Expectations have been digested:
When the Trump team confirmed its participation in the conference, the market had already reacted and prices rose slightly.
Most of the speech content was in line with expectations and lacked novelty.
Doubts about political promises:
The market remains skeptical of politicians' promises, focusing on "listening to their words and watching their actions."
Trump's previous negative attitude towards Bitcoin has aroused suspicion of policy changes.
Trump lacks a legal background, and many of his promises are difficult to implement, such as firing the chairman of the SEC. $BTC
