Former U.S. President and Republican candidate Donald Trump unveiled ambitious plans to establish a “strategic Bitcoin stockpile” for the United States during his keynote address at the Bitcoin 2024 conference in Nashville. Addressing a fervent crowd of Bitcoin enthusiasts, Trump’s announcement followed days of speculation, yet retained an air of ambiguity.
“If elected, my administration will adopt the policy to retain 100% of all Bitcoin held or acquired by the U.S. government,” Trump declared as part of his broader agenda.
During his 45-minute speech, Trump pledged to dismantle what he characterized as the Democrats’ stringent oversight of cryptocurrency and its stakeholders. He promised to position the U.S. as a dominant force in the Bitcoin arena, asserting, “I am outlining a strategy to ensure the United States emerges as the global hub for crypto.”
Trump cautioned that under a potential Democratic administration led by Kamala Harris, current regulatory pressures on crypto entities would likely intensify. “If they win, you can say goodbye to everything,” Trump warned, eliciting applause from the audience.
Trump’s proposal for a Bitcoin reserve echoes sentiments voiced by Robert F. Kennedy Jr., who recently advocated for a national Bitcoin reserve equivalent to the country’s gold reserves. While critical of Trump’s shifting stance on cryptocurrencies, Kennedy acknowledged the potential benefits of such a reserve.
In outlining his vision at the conference, Trump positioned himself as a champion for Bitcoin and cryptocurrency enthusiasts, setting the stage for a contentious debate on the role of digital currencies in America’s future.
Related Topics:
