At the Bitcoin Conference in Nashville, Donald Trump delivered a remarkable speech, and his vision for Bitcoin and cryptocurrency shocked everyone present. He boldly predicted, "Bitcoin and cryptocurrency will soar faster than ever before, even faster than you expect, and you are part of it. When we stop the war on cryptocurrency, we will immediately and very quickly start building our economy, because when America prospers, Bitcoin soars, and Bitcoin will rise with it."
Past glory: Bitcoin’s astonishing growth
Trump mentioned in his speech that during his four-year term, the price of Bitcoin soared 3,900%, from $898 at the beginning of his term to $35,900 at the end of his term. This growth is one of the largest in all industries. In stark contrast, under the Biden-Harris administration, Bitcoin's growth rate in three and a half years was only 50% after deducting inflation. While a 50% growth rate usually looks impressive, it pales in comparison to the nearly 4,000% increase.
The U.S. government’s Bitcoin holdings
A surprising fact is that the US government is one of the largest holders of Bitcoin. Trump pointed out, "Does anyone know that the federal government holds nearly 210,000 Bitcoins, accounting for 1% of the total supply of Bitcoin? However, for a long time, our government has violated the basic rule that every Bitcoin user knows by heart: Never sell your Bitcoin."
Trump’s Bitcoin Policy
Trump further announced that if he is re-elected, his administration will adopt a policy to retain 100% of all Bitcoin currently held or acquired by the U.S. government in the future. This will become the core of the National Strategic Bitcoin Reserve. Most of the Bitcoin currently held by the government has been obtained through law enforcement actions, usually confiscated from individuals. Trump emphasized, "This is what our country is heading towards - a fascist regime."
A President Who Embraces Innovation and Bitcoin
Trump assured voters that he would be the president that the United States needs, who would support innovation and Bitcoin and drive the Bitcoin industry and all other industries to flourish. He stressed that the United States has never prospered by censoring new ideas and stifling dreams, and urged the United States to continue to move forward boldly.
Continued prosperity and investment opportunities
Trump acknowledged that America's future depends on the wisdom, courage and determination of its people, and promised to free them to do what Americans do best: win. Despite the current challenges, he expressed confidence that with the energy, enthusiasm and talents of the people, the country will prosper again.
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