Former President Donald Trump expressed his strong support for Bitcoin, stating that if re-elected, he would integrate Bitcoin as a strategic reserve asset for the United States. During his keynote speech at the Bitcoin Conference in Nashville, Trump emphasized that the real threat to the dominance of the U.S. dollar is not Bitcoin but policy decisions coming out of Washington, D.C.
In a series of statements, Trump also announced his intention to direct the Treasury Department to halt efforts to develop a Federal Reserve digital currency. Trump described Bitcoin as “not just a technological marvel but a marvel of human collaboration and achievement,” and promised to end what he called the “persecution” of the cryptocurrency sector under his potential future presidency.
Furthermore, Trump announced that he would dismiss the current Chairman of the Securities and Exchange Commission, Gary Gensler, on his first day in office. His comments indicate a complete reversal of the current administration’s stance on cryptocurrency regulation and oversight.
Reaffirming his pro-cryptocurrency stance, Trump predicted that the market value of Bitcoin would surpass that of gold and called for the United States to become the “global capital of cryptocurrencies,” signaling a significant shift in policy towards digital currencies if he wins the presidential election.
