Trump arrived as scheduled and delivered a speech at the 2024 Bitcoin Conference held in Nashville, expounding on his grand blueprint and policy ideas for Bitcoin.
Trump's views on Bitcoin have always been erratic, so you can just listen to his words casually. Here are a few examples for you.
In July 2019, Trump posted on Twitter that Bitcoin or other cryptocurrencies do not belong to the category of money, and their value fluctuates greatly and comes out of thin air. Unregulated crypto assets can facilitate illegal behavior.
In June 2021, Trump said that Bitcoin may be a scam, complaining that Bitcoin is competing with the US dollar, and he wants to make the US dollar a "world currency." The trading price of Bitcoin fell within an hour after the speech.
To put it bluntly, he has always been pessimistic. This time, in order to cater to the needs of the campaign and gain more support, he suddenly turned. As for whether it will be included in the economic policy framework and achieve specific political and economic goals, I still feel that it will not.
We have also said that good news will be bad news, which is a specific procedure in the financial circle. Because the money of whales and institutions has an expectation, they are the first to flee. Everyone feels that it can go to 70,000, so this money may have fled before the news of 68,000 is about to land.
Even if Trump said that Bitcoin will be the legal currency of the United States this time, the market will still fall, not to mention that it can exceed the market value of gold. One is 1.4 trillion and the other is 15 trillion. Those who can believe it are very smart. This is pure nonsense.
