Former US President Donald Trump to Announce Bitcoin Strategic Reserve in Nashville

Former United States President Donald Trump is expected to give a much-anticipated keynote address at the Bitcoin 2024 Conference in Nashville.

Former United States President Donald Trump is expected to give a much-anticipated keynote address at the Bitcoin 2024 Conference in Nashville. Crypto investors are excited about this since there are reports that Trump would make a big surprise during his address.

According to sources, Donald Trump will announce the creation of a USA Bitcoin strategic reserve during his speech at the Bitcoin 2024 Conference in Nashville.

This announcement has not yet been officially confirmed by Trump or his team, but it would be a significant development if it were to come to fruition.

The US government currently holds over 210,000 Bitcoin, which were seized from the Silk Road darknet market in 2014. These coins are valued at around $4.5 billion at the time of writing.

Some crypto advocates have been pushing for the US to declare Bitcoin as a strategic reserve asset, arguing that it would help to diversify the country’s reserves and protect them from inflation.

In January, former presidential candidate Vivek Ramaswamy, who is now advising Trump on crypto, proposed a plan to back the US dollar with a basket of commodities, including Bitcoin.

“The US Treasury should have a strategic reserve asset of Bitcoin,” Porter said, adding that he found this to be a “no brainer.”

If Trump were to announce the creation of a USA Bitcoin strategic reserve, it would be a major coup for the crypto industry and could help to further legitimize Bitcoin in the eyes of the mainstream.

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