Tonight, Republican presidential candidate Donald Trump spoke at the Bitcoin 2024 conference. His speech began later than scheduled; Trump appeared on stage about half an hour later than originally scheduled. However, the audience was filled with anticipation as he began his speech.
Bitcoin will outperform gold
Trump, an outspoken supporter of Bitcoin and cryptocurrencies, has reiterated his support for the digital currency. He even went so far as to predict that Bitcoin will one day surpass the market value of gold. “Bitcoin is the future. It’s already bigger than ExxonMobil and other great companies. It’s going to be bigger than silver very soon, and it could be bigger than gold in the future,” Trump said with conviction.
When I become president, I will fire Gary Gensler.
The former president also used his speech to criticize the current administration and its policies toward the cryptocurrency market. He particularly criticized the Securities and Exchange Commission (SEC), which he accused of stifling innovation in the cryptocurrency sector. “The current administration is trying to destroy the cryptocurrency market, and the SEC is one of the biggest problems,” Trump said firmly.
He vowed to take immediate action against the current chairman of the Securities and Exchange Commission, Gary Gensler, if he is re-elected. “When I become president, I will fire Gary Gensler and appoint people who will lead the cryptocurrency market, not hinder it,” Trump said.
Trump is a fan of Bitcoin
With these statements, Trump has cemented his status as a champion of cryptocurrencies, which will certainly attract his supporters in the cryptocurrency community. It is clear that his vision for the future of the financial world is deeply intertwined with the growth and adoption of digital currencies like Bitcoin.
“Never sell bitcoin”
Trump also announced that he plans to implement a “never sell bitcoin” policy in the US state. According to him, the US government currently owns over 200,000 bitcoins. He stressed that under his administration, these bitcoins will never be sold, saying, “Please do a good job,” and emphasizing his confidence in the future of bitcoin.
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