Trump Promises to Make US Global Crypto Capital

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28 Juli 2024

Former United States President and 2024 Republican candidate Donald Trump has unveiled ambitious plans to transform America into the world’s cryptocurrency hub if he wins the upcoming presidential election. Speaking at the Bitcoin 2024 conference in Nashville, Tennessee, Trump outlined his vision for a crypto-friendly America, signaling a potential shift in US cryptocurrency policy.

Key Highlights from Trump’s Bitcoin Conference Speech:

Crypto Capital Promise: Trump vowed to make the US the “crypto capital of the world,” indicating a dramatic reversal of current crypto regulations.
Bitcoin’s Potential: Comparing Bitcoin to the early steel industry, Trump predicted it could eventually surpass gold, calling it “a miracle of cooperation and human achievement.”
Energy Commitment: Promised abundant electricity production to support crypto mining, addressing concerns about Bitcoin’s energy consumption.
Political Rivalry: Took aim at his political opponents, particularly hinting at Vice President Kamala Harris.
Fossil Fuel Focus: Reiterated plans to roll back federal incentives for electric vehicles, emphasizing fossil fuel use for energy production.

Trump’s Crypto Vision:
“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,” Trump declared, appealing directly to the crypto community.

Comparison with Other Candidates:

Robert F. Kennedy Jr.’s Bitcoin Strategy:
- Proposed creating a strategic Bitcoin reserve
- Pledged to order daily government purchases of 500 BTC
- Aims for US control of nearly 20% of all Bitcoin in circulation
Edward Snowden’s Cautionary Note:
- Warned against blindly aligning with pro-crypto politicians
- Advised: “Cast a vote, but don’t join a cult”
- Urged the crypto community to remain independent

The 2024 US Presidential Race and Cryptocurrency:
As candidates vie for support from the growing crypto voter base, the upcoming election could be a turning point for cryptocurrency regulation and adoption in the United States. Trump’s promises, alongside other candidates’ proposals, highlight the increasing importance of blockchain technology and digital assets in American politics.

Implications for the Future:
The contrasting approaches of Trump, Kennedy, and the current administration underscore the complex relationship between politics and cryptocurrency. As the election approaches, voters and investors alike will be closely watching how these policies could shape the future of digital finance in America and globally.