Following his reelection in November, President Donald Trump said that America would become the “Bitcoin Powerhouse of the World.”.
At the Bitcoin 2024 conference in Nashville, President Trump declared, “I’m delighted to be the first major party nominee in U.S. history to take donations in Bitcoin, and they have made a lot of them, I may tell you, and I appreciate it.”
“If they win this election, they will eliminate every single one of you.” Trump went on to say, “175 million people are involved in crypto, bitcoin, and all of the others. They will be cruel, merciless, and do things that you wouldn’t believe.”
Trump also demanded that the United States begin hoarding Bitcoin in order to safeguard the nation’s economic might and fend off monetary and economic danger.
“As the cornerstone of the strategic national bitcoin stockpile, my administration will maintain ownership of any bitcoin that the US government has or acquires in the future,” he said.
“There will never be a CBDC while I am president of the United States,” Trump also stated emphatically.
“The right to self-custody is something I will constantly protect. The persecution and weaponization of your industry cease the moment I take the oath of office, Trump declared.
Republican Party heavyweights like Senator Cynthia Lummis (R-WY) fully back Trump’s program in favor of Bitcoin and other cryptocurrencies.
Assuming that this “is our Louisiana Purchase moment,” Lummis has been working on a measure that would “extract the bitcoin President Trump just referenced and put it into the reserve—and that’s only the beginning.” President Trump has taken an interest in Lummis’ plan.
She declared, “The United States will amass one million bitcoins over the course of five years. We will keep this five percent of the global bitcoin supply for a minimum of twenty years and only use it to lower our debt.
It’s really significant news that President Trump now fully supports Bitcoin. Trump’s adoption of Bitcoin will be detrimental to federal bureaucrats and avaricious central bankers.
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