Former U.S. President and current Republican presidential candidate Donald Trump has announced his intention to make the United States the “crypto capital of the world” if he wins the upcoming presidential election.
Speaking at the Bitcoin 2024 conference in Nashville, Tennessee, Trump praised the Bitcoin community, likening its current state to the early days of the steel industry.
He expressed confidence in Bitcoin’s future, predicting it would eventually surpass gold. “Bitcoin is not just a marvel of technology, as you know, it’s a miracle of cooperation and human achievement,” he stated.
During his speech, Trump also criticized his political rivals, specifically referring to Vice President Kamala Harris.
He touched on the energy usage associated with Bitcoin and artificial intelligence, promising to utilize fossil fuels to generate ample electricity. He pledged to roll back federal incentives for electric vehicles and charging stations.
Trump emphasized his potential as a strong candidate for the cryptocurrency community, suggesting that under his leadership, the U.S. would be at the forefront of the crypto industry.
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“If crypto is going to define the future, it’s going to be mined, minted, and made in America. If Bitcoin is going to the Moon, as they say, I want it to be America that sends it there.”
At the same conference, independent presidential candidate Robert F. Kennedy Jr. outlined a Bitcoin-friendly policy plan, promising to establish a strategic reserve by directing the U.S. Justice Department to transfer the 204,000 BTC allegedly held by the Federal Reserve.
He proposed that the Treasury Department purchase 500 BTC daily until the reserve reached 4 million BTC, aiming for a dominant position in global cryptocurrency holdings.
In contrast, Edward Snowden, speaking the previous day, warned against the politicization of Bitcoin.
He cautioned the cryptocurrency community to be wary of politicians using crypto as a tool to gain votes, urging them to remain independent: “
“Try to get what you need from them, but don’t give yourself to them, even if you have to vote for them.”
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