The Bitcoin Conference, which was attended by Donald Trump, discussed issues of cryptocurrencies and politics, which was a significant event for the industry. The conference showed that politics has become an important topic for the cryptocurrency community, in contrast to last year's focus on open source technology.
Conference Highlights
- Trump's speech: Former US President Donald Trump gave a campaign speech in which he also touched on the issues of cryptocurrencies. He stated that if elected, his administration would hold all Bitcoins owned by the US government.
- Strategic Bitcoin Reserve: Senator Cynthia Lummis announced work on legislation that would allow the US to create a Strategic Bitcoin Reserve, starting with the current supply of 200,000 Bitcoins and planning to increase it to 1 million. According to her plan, the government will not be able to sell these bitcoins for 20 years, except to pay off the national debt.
Questions and Doubts
1. Origin of Bitcoins: The legality of holding confiscated Bitcoins by the US government is questionable. Most of these bitcoins have been confiscated from criminals and may need to be returned to their rightful owners.
2. Long-Term Policy: The proposal that the US government will hold a significant amount of Bitcoin raises questions about the impact on the market. The potential sale of such large volumes could result in significant price fluctuations.
3. Regulation and Support: Trump's speech and Lummis' plan highlight the need for clear and stable regulatory measures to attract investors and support the crypto industry in the US.
Results:
The conference showed that cryptocurrencies are becoming an increasingly politicized topic. The statements from Trump and Lummis underscore the importance of cryptocurrencies to US national strategy. However, questions remain about the legality of holding and using confiscated bitcoins, as well as the potential implications for the market.
Subscribe to the blog @Sasha why NOT here we publish new articles, videos and other materials that will help you make informed investment decisions. My investment show investment show
Also follow our investigation into the listing of tokens on BINANCE before it is blocked.
If you have any questions, ask in the comments! Like if you are not a blue gnome 👍😀
