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Donald Trump Vows to Make US Crypto Capital of the World at Bitcoin Conference
Donald Trump, the 45th president of the United States and the current Republican Party frontrunner for the November presidential election, pledged to make the United States the cryptocurrency capital of the world at the Bitcoin 2024 conference in Nashville.
Donald Trump addressed the crowd that formed the largest Bitcoin rally with over 20,000 people in attendance. He expressed his admiration for the cryptocurrency community, comparing it to the steel industry when he was young.
Donald Trump, who arrived an hour late, compared Bitcoin to gold, predicting that the former would soon surpass the latter. He also praised the innovation behind Bitcoin and the global community working together to make it happen.
“Bitcoin is not just a marvel of technology, as you know, it is a miracle of human cooperation and achievement,” Trump said at the event.
Trump addressed the issue of Bitcoin mining and Artificial, given its famously huge energy consumption. He explained that it will use fossil fuels to create more than the energy needed.
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Trump Doubles Down on Cryptocurrencies
Donald Trump strengthened his commitment to the crypto project, urging the crypto community to vote for his mandate. He assured the crypto community that they will be satisfied with his performance and policies if elected.
He also reiterated his need for America to lead the cryptocurrency wave at the forefront and advance this exciting technology more than any other country.
“If cryptocurrency is going to define the future, it will be mined, minted and produced in America. If Bitcoin is going to go to the moon, as they said, I want America to send it there,” Trump said.
Donald Trump has been called the president of cryptocurrency due to his public stance on the issue and the memecoins inspired by him are leading the PoliFi category in the cryptocurrency market.
Maga (TRUMP) is the largest PoliFi memecoin with a market cap of $266 million.
Excerpts from Trump’s speech at the Bitcoin conference
Donald Trump touched on many topics in his speech at the Bitcoin 2024 conference in Nashville. A list of key points such as curated of CryptoPolitan includes
- An Approval and Defense for Self-Custody
- No central bank digital currency (CBDC) guaranteed
- Bitcoin Mining Promoted and Brought to the United States
- The United States will be the cryptocurrency capital of the planet and the world’s Bitcoin superpower.
- The US government will retain 100% of its Bitcoin holdings
What to know
- The Bitcoin conference is the world’s largest gathering of cryptocurrency enthusiasts, with over 20,000 people in attendance. The event was scheduled to run from July 25 to 27. Donald Trump spoke on the last day of the election.
- Democratic frontrunner Kamala Harris was rumored to be interested in attending the event, but she didn’t.