Trump Talks Bitcoin
GM!
About a week ago, former President Donald Trump spoke at the Bitcoin 2024 Conference in Nashville, TN. There, he shared his vision for the future of Bitcoin and crypto in the United States of America—a vision that is unquestionably positive. Specifically, President Trump emphasized his admiration for the Bitcoin community, his vision for America's technological dominance, and his commitment to pro-Bitcoin and crypto-friendly policies. Below, you can find some of the key points from his address, supported by direct quotes.
Key Points and Quotes
1. Bitcoin’s Technological Breakthrough
President Trump expressed strong admiration for Bitcoin as a technological breakthrough.
Quote: "Bitcoin is not just a marvel of technology. As you know, it's a miracle of cooperation and human achievement."
2. Vision for America’s Dominance in Crypto
He emphasized the need for America to lead in the crypto space to prevent other countries from dominating.
Quote: "If we don't embrace crypto and Bitcoin technology, China will. Other countries will. They'll dominate."
3. Commitment to Pro-Crypto Policies
President Trump promised to implement policies that would foster the growth of the crypto industry in the United States.
Quote: "This afternoon, I'm laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world and we'll get it done."
4. Regulatory Clarity and Support
He highlighted the need for clear and supportive regulations for the crypto industry.
Quote: "Upon taking office, I will immediately appoint a Bitcoin and crypto Presidential Advisory Council... Their task will be to design transparent regulatory guidance for the benefit of the entire industry."
5. Economic Impact of Bitcoin
President Trump linked the success of Bitcoin to the broader economic prosperity of the United States, predicting significant growth and economic benefits.
Quote: "Bitcoin and crypto will skyrocket like never before, even beyond your expectations. And you are the people that are doing it."
6. Opposition to Current Administration’s Policies
He criticized the current administration’s approach to crypto.
Quote: "For three and a half years, the current administration has waged a war on crypto and Bitcoin like nobody's ever seen before."
7. Financial Benefits and Security
President Trump underscored promised to protect and preserve the U.S.’s current Bitcoin as a national asset.
Quote: "As the final part of my plan today, I am announcing that if I am elected, it will be the policy of my administration, the United States of America, to keep 100% of all the Bitcoin the U.S. Government currently holds or acquires into the future."
8. Emphasis on Innovation and Freedom
He emphasized the importance of innovation and freedom in driving the growth of the crypto industry.
Quote: "Our nation has never thrived by trying to censor new ideas and shut down the dreams of our people. America always plants our flag on the next frontier and pushes boldly ahead."
Conclusion
With his vision, President Trump lays out how he’d aim to integrate Bitcoin into the broader economic and technological landscape of the United States, ensuring its growth and prosperity. Let’s see how these discussions unfold in the coming months. Stay tuned for more updates!
- Paul Veradittakit
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ABOUT ME
Hi, I’m Paul Veradittakit, a Managing Partner at Pantera Capital, one of the oldest and largest institutional investors focused on investing in blockchain companies and cryptocurrencies. I’ve been in the industry since 2014, and the firm invests in equity, early stage token projects, and liquid cryptocurrencies on exchanges. I focus on early-stage investments and share my thoughts on what’s going on in the industry in this weekly newsletter.
If you have an projects that need funding, feel free to DM me on twitter.