Donald Trump’s speech at the recent Bitcoin Conference attracted a lot of attention. What did he say? Here are 6 key points from his speech for cryptocurrency experts, as well as a simple interpretation of these points!
First, the market value of Bitcoin will surpass that of gold
At the Bitcoin Conference, Trump made a bold prediction that Bitcoin's market value will eventually surpass gold. However, based on the current market value of gold, if Bitcoin is to reach or exceed this value, the price of Bitcoin is expected to be as high as about $500,000 per coin.
At the same time, considering that the value and total market value of gold may continue to grow in the next few years, some people believe that when the market value of Bitcoin truly reaches or exceeds that of gold, its unit price may further climb to 700,000 to 800,000 US dollars per coin. $BTC
Second, increase oil production and nuclear power generation
Trump made the case in his speech that under his administration, the United States will become energy self-sufficient by significantly increasing oil production and using nuclear power to generate electricity. He pointed out that if the United States can achieve energy independence, then Bitcoin mining will become more efficient and economical.
He also said that during his four years in office, oil and energy prices in the United States are lower than before he took office, which is partly due to his policies.
Some people believe that this can be confirmed in his statement, because during his administration, the oil and energy prices in the United States were indeed much lower than in the previous three years.
Third, Bitcoin as a national strategic reserve
Trump said that once he takes office, he will treat the more than 200,000 bitcoins held by the US government as the country's strategic reserve assets.
Although this statement has brought confidence to cryptocurrency practitioners, considering that the US government has not sold these bitcoins on a large scale so far, it seems unlikely that the government will sell these bitcoins regardless of whether Trump makes a statement or not.
At the same time, Trump did not mention that he would buy additional Bitcoin. Therefore, some people believe that he will not buy additional Bitcoin after taking office.
Fourth, fire SEC Chairman Gary Gensler
He said that on his first day in office, he would directly fire the current SEC Chairman Gary Gensler. This statement sounds quite shocking, but in fact, if Trump really returns to office, Gensler's departure is almost a foregone conclusion. After all, Gensler was appointed by Biden, and it is also a common practice for new presidents to appoint their own SEC chairmen after taking office.
Although such news may be exciting to some people, especially considering that Gensler and his team have not been friendly to the cryptocurrency industry in the past. Many people believe that Gensler's departure may bring a more relaxed regulatory environment to the cryptocurrency industry. However, in the long run, whether Gensler is in office or not, the compliance process of the cryptocurrency industry is inevitable. Therefore, it cannot be said that Trump's statement must be entirely based on the development of the crypto industry, it may also be out of selfish motives.
At the same time, although Trump’s statement may cause some fluctuations in market sentiment in the short term, from a long-term perspective, the compliance and regulation of the cryptocurrency industry is an inevitable trend in the development of the industry.
Point 5: Trump’s stance on CBDC
Trump said that CBDC is impossible during his term and stressed that he will protect the rights of individuals to hold money. He also criticized the Democratic Party's policies that tend to restrict the development of individual currency holdings and the DeFi (decentralized finance) system, believing that this runs counter to his philosophy.
At the same time, some people believe that the Democratic Party has been promoting the CBDC of the US financial sector in the past few years in power in order to deprive people of their right to independent consumption and privacy. In order to use CBDC for shopping settlement, the local government can not only see the specific items you purchased and the exact time, but also make the public have no privacy at all.
In addition, Trump also warned that the cryptocurrency market could be strangled if the Democrats continue to govern. However, this statement is also considered to be somewhat exaggerated.
In fact, cryptocurrency and Bitcoin have become an irreversible trend. No matter which party or country is in power, it is impossible to completely stifle the development of cryptocurrency. At most, it will only delay it by a few years.
Point 6: Trump talks about Bitcoin benefits
Trump said at the Bitcoin Conference that Bitcoin had a return of more than 3,000% during his four years as president from 2017 to 2020. In fact, Bitcoin had a return of nearly 1,000% during his tenure.
But this matter is actually not very meaningful, because when he was president last time, his stance on Bitcoin was not very friendly. So some people think that it is a bit far-fetched for him to bring this up now.
Interlude: Trump is late
Trump was nearly an hour late for the conference, during which time a large number of sponsor advertisements were played, which greatly reduced the viewing experience of the audience. At the same time, the Bitcoin conference was basically a group of people who blindly supported the brainless bullishness of Bitcoin.
Although I am a very supportive person of Bitcoin, I do not think that cryptocurrency should be Bitcoin. Instead, I am more concerned about the ecology and development of the entire crypto market. However, this Bitcoin conference gave you such an atmosphere, which was completely irrational and even mindless.
At the same time, judging from the overall performance of the market, the Bitcoin Conference did not bring about a significant price surge in the market. This is the same trend as I predicted last week. But no matter how the market moves, as long as we have a strategy to deal with it, we can be invincible in investment. #比特币大会 #特朗普 #加密货币未来 #投资策略
Conclusion:
At the Bitcoin Conference, Trump's speech sparked widespread discussion, especially his bold predictions about the future of Bitcoin and his criticism of existing financial policies. Although some of his remarks may lack actual policy support, they undoubtedly bring new thinking to the cryptocurrency field. The future of cryptocurrency depends not only on the statements of individual politicians, but also on the development and innovation of the entire industry itself. Therefore, investors and industry practitioners need to remain rational, analyze various market information, and develop wise strategies.
At the same time, we must realize that the development of the cryptocurrency market is a complex process involving many factors such as technological innovation, market dynamics and policy environment. Regardless of whether Trump's remarks come true, the compliance and regulation of the cryptocurrency industry is an inevitable trend. In this era full of variables and opportunities, only through in-depth understanding and active response can we seize opportunities and move forward steadily in the wave of cryptocurrency!
💬 What do you think? Do you think these bold words of Trump are reliable? How do you think the future of cryptocurrency will develop? Feel free to leave your opinions in the comment section!