9 Statements by Donald Trump at the Bitcoin Conference

1. "I will fire Gary Gensler and appoint a new SEC chairman."

2. "If elected, I will establish a strategic national reserve of bitcoins for the US government."

3. "The US government will retain 100% of their #BTC."

4. "One day, bitcoin may surpass the market value of gold."

5. "Bitcoin will go to the moon. Never sell your bitcoin."

6. "Bitcoin and cryptocurrencies will soar like never before if I am elected president."

7. "Bitcoin does not threaten the dollar; the current US government threatens the dollar."

8. "The United States will become the crypto capital of the planet and the bitcoin superpower of the world."

9. "Bitcoin stands for freedom, sovereignty, and independence from government coercion and control."

Opinions on Trump's bullish speech about bitcoins and cryptocurrencies yesterday are divided.

Some say it's pretense.

Some say it's manipulation to pump it this year and then dump it next year.

Some say...

Listen, no matter how we look at things, the fact is that in the short and medium term, this is an insanely bullish scenario.

Trump is one of the most popular people in the world, and according to early polls, he could become the next president.

What does this mean?

It means that his speech and stance in support of bitcoin and cryptocurrencies reach millions of people.

This attracts new retail buyers and capital inflow, no matter how you look at it.

Is all this pretense? Most likely, yes.

He knows that cryptocurrencies have become an important part of the world and seeks approval from a growing audience.

Will this turn the market into an eternal bull run and make everyone obscenely rich?

Of course not. It won't change anything.

The market will still move in waves, pumping and dumping.

This event just accelerated a powerful potential pump that we will see this year in Q3-Q4.

Traders still need to act with caution, as always.

But in the short and medium term, this is a bullish event, and that is a fact.