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Donald Trump Promises to 'Stop the War on Crypto' and Create a 'Strategic National Bitcoin Stockpile' If Elected

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Release: 2024-07-28 09:40:08
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Donald Trump took the stage at the Bitcoin Conference in Nashville and left everyone amused with his vision for Bitcoin and cryptocurrency.

Donald Trump Promises to 'Stop the War on Crypto' and Create a 'Strategic National Bitcoin Stockpile' If Elected

Former President Donald Trump attended the Bitcoin Conference in Nashville and shared his vision for Bitcoin and cryptocurrency, sparking amusement among the attendees.

“Bitcoin and crypto will skyrocket like never before, even beyond your expectations, and you are the people that are doing it. As we stop the war on crypto, we will immediately, and we’ll do this very quickly, begin to build our economy because when America is prospering, Bitcoin is soaring, and it’ll go up with it,” he said.

Trump highlighted that during his four years in office, Bitcoin experienced an impressive 3,900% surge, rising from $898 at the beginning of his term to $35,900 by its conclusion. This increase marked one of the most significant jumps in any industry.

In contrast, under the Biden-Harris administration, Bitcoin’s growth, adjusted for inflation, has been a mere 50% over three and a half years. While 50% might typically seem impressive, it pales in comparison to nearly 4,000%.

“Many Americans are unaware that the U.S. government is one of the largest holders of Bitcoin. Does anyone know that the federal government holds almost 210,000 Bitcoin, or 1% of the total supply that will ever exist? Yet, for too long, our government has violated the cardinal rule that every Bitcoiner knows by heart: never sell your Bitcoin.”

“As part of my plan, I am announcing that if elected, my administration will adopt a policy to keep 100% of all the Bitcoin the U.S. government currently holds or acquires in the future. This will serve as the core of the Strategic National Bitcoin Stockpile. Most of the Bitcoin currently held by the government was obtained through law enforcement actions, often seizing it from individuals. This is where our country is heading—a fascist regime,” he said.

Trump positioned himself as the pro-innovation and pro-Bitcoin president that America needs, envisioning a thriving Bitcoin industry alongside every other sector. He emphasized that America has never thrived by censoring new ideas and shutting down dreams, urging the nation to continue pushing boldly ahead.

Building America’s future with their intelligence, grit, and determination, Trump acknowledged the courage it takes and promised to set them free to do what Americans do best: win. Despite the current challenges, he expressed confidence that with energy, passion, and brilliance, the nation will thrive once more.

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