Summary of Trump’s Bitcoin Conference Speech
As promised, Trump attended the 2024 Bitcoin conference in Nashville and delivered a speech outlining his grand vision and policy ideas regarding Bitcoin. His main points can be summarized as follows:
I’m great:
During my tenure, Bitcoin surged by 3900%, from $898 to $35900, low inflation, increased middle-class income… prosperity for the nation;
Biden administration is bad:
Far-left lunatics, influx of refugees, political persecution of Bitcoin and industry companies, if I (Trump) don’t win this race, this country will be in trouble;
Ready to do great things:
First, fire current SEC chairman Gary Gensler, promise not to sell Bitcoin in the US government’s hands, incorporate it into national reserves, develop the energy industry, support Bitcoin mining;
Buttering up the crypto industry:
Bitcoin enthusiasts, you are the modern Edisons, Wright Brothers, Edison, and Henry Ford.
In conclusion, Trump solemnly promises to:
Become the most supportive president for innovation and Bitcoin in the US.
In summary: Harris is a bad person, so vote for me quickly, if not, the US and Bitcoin are in trouble!
Trump’s speech was well-received by the audience, especially when he mentioned firing Gary Gensler as his first act in office, receiving a standing ovation!
Whether this praise and promises are genuine or just political theater remains to be seen, but it’s clear that the influence of the crypto industry is expanding visibly, to the point where even US presidential candidates must pay attention.
Regardless, it’s a good thing overall, better to sweet-talk than to oppress, Comrade Trump, your emotional value is spot on!
Below are the highlights of Trump’s speech at the Bitcoin conference:
Support for cryptocurrencies: Ensuring American dominance
In just 15 years, Bitcoin has transformed from an anonymously posted idea on an online message board to the world’s ninth-largest asset by market capitalization, soon surpassing the market value of silver. It may one day surpass gold. Given current trends, this is entirely possible.
Bitcoin is not just a technological miracle; it’s a miracle of cooperation and human achievement, building relationships and friendships in the process. Here we have intelligent people, and I am competing with someone of lower intelligence. The reason I am speaking to the Bitcoin community today can be summed up simply: ensuring American dominance. Because if we don’t do it, China will, and other countries will too. Let’s do it, and do it well.
My vision is for a dominant America in the future. We must be the most successful, and most importantly, we must lead and set standards.
I will ensure that America becomes the global capital of cryptocurrencies and a superpower in Bitcoin. If cryptocurrencies will define the future, I want it mined and minted in America, not elsewhere. If Bitcoin is going “TO THE MOON,” I want America to lead that trend.
That’s why I am proud to be the first major party candidate in American history to accept donations in Bitcoin and cryptocurrencies, and let me tell you, they have donated a lot (of cryptocurrency), and I am grateful.
Democrats are all bad, fired Gary Gensler as soon as I took office
Kamala Harris is a far-left lunatic, and by the way, she opposes cryptocurrencies, so I just want you to know, you must go out and vote. They oppose cryptocurrencies and are trying to eliminate them.
You know what the US SEC is doing: eliminating Bitcoin. The reason is clear: Bitcoin represents freedom, sovereignty, and independence from government coercion and control. The suppression of cryptocurrencies and Bitcoin by the Biden-Harris administration is wrong and very detrimental to our country.
Again, if we don’t win this race, this country may be in trouble. If this country is to be under their control, we must fight, we must win. I assure the Bitcoin community that on the day I am sworn in, the Biden-Harris anti-cryptocurrency movement will end, and the persecution of your industry will stop.
On my first day in office, I will fire Gary Gensler (current SEC chairman) and appoint a new SEC chairman who believes that America should build the future, not hinder it.
Your government will no longer stand by as Bitcoin jobs and businesses flee to other countries due to unclear, harsh, and rigid US laws. We will keep every Bitcoin job in America. As soon as I take office, I will establish a Bitcoin and cryptocurrency presidential advisory committee.
No to CBDC, Bitcoin is not a threat to the dollar
One thing happening in your industry is the push towards creating Central Bank Digital Currencies (CBDCs), forget about it. When I am president of the United States again, there will never be a CBDC. I will always defend the right to self-custody, I will promote the development of your industry, not destroy it. America will once again be a country that protects property rights, privacy, freedom of trade, and freedom of speech. We will return to being a nation under construction, not one that devours itself from within.
As part of our efforts to provide regulatory clarity, we will create a framework to ensure the safety and expansion of stablecoins. This will expand the dominance of the dollar, make America wealthier, make the world better, bring billions of people into the crypto economy, and have them store their savings in Bitcoin. Those who say Bitcoin threatens the dollar have it completely backwards. The real threat to the dollar comes from the actions of the current US government, the danger to the financial system does not come from cryptocurrencies but from Washington, DC.
Bitcoin surged 39 times during my tenure
We will immediately begin rebuilding our economy because as America prospers, Bitcoin will soar. During the Trump administration, middle-class household incomes increased by $6000 annually. In my four years in office, Bitcoin surged by 3900%, from $898 when I took office to $35900. This is one of the biggest increases in any industry.
I will make Trump’s tax cuts permanent and provide massive tax cuts for families, individuals, and job-creating businesses, including exempting small businesses from taxes.
I will cut unnecessary and burdensome regulations to make America the best place to start a business, including in the cryptocurrency industry, the best place to be. You don’t have to go to China, you don’t have to learn Chinese. I have a granddaughter who speaks fluent Chinese. It’s a great thing, but not easy, you don’t have to do that.
Inflation is a nightmare, preventing the Third World War
Most importantly, we will end the inflation nightmare created by this government, which is destroying our country. You know, inflation can destroy a country. You can go back many years to Germany. See what happened to Germany during a period of massive inflation, it’s a destroyer of nations.
The lifelong savings of millions of Americans are being rapidly destroyed, uncontrolled inflation is an invisible tax on the middle class.
When I return to the White House, I will stop the madness and wasteful spending of this administration. I will end endless wars. Again, during the Trump administration that you love, we had no new wars. They always thought I would start wars, let me tell you something: I want to prevent the Third World War because we are now closer to the Third World War than at any time since the end of World War II. I will secure the border, preventing millions of illegal immigrants from flooding into our country.
Develop the energy industry, support Bitcoin mining
We will end the war on American energy, we have more liquid gold (oil) under our feet than any other country, but we will not stop there. We will utilize all forms of American energy. I have set an ambitious goal that by the end of my term, the US will have the lowest energy and electricity costs globally.
With low energy costs, the US will become a globally recognized superpower in Bitcoin mining. You will become a superpower in Bitcoin mining. You don’t have to move your family to China. You won’t move to China.
Establish a Bitcoin national reserve
As we implement reforms, Bitcoin and cryptocurrencies will drive our economic growth, solidify American financial dominance, and strengthen the nation as a whole for a long time to come.
Many Americans are unaware that the US government is one of the largest holders of Bitcoin. The federal government holds nearly 210,000 Bitcoins, which is 1% of the total supply. However, for a long time, the US government has been violating a basic principle known to every Bitcoin enthusiast: “HODL.”
I declare that if elected, the US will hold 100% of all existing or future Bitcoin it holds, effectively serving as the core of a strategic national Bitcoin reserve.
Most of the Bitcoin currently held by the US government was obtained through law enforcement actions. They took it from you. We will take steps to transform this huge wealth into a permanent national asset, benefiting all Americans.
Today, I reiterate my commitment to reduce Ross Ulbricht’s (founder of the trading platform “Silk Road”) sentence, changing it from a sentence to time served, he has paid a sufficient price.
Solemn promise, I am the most Bitcoin-supportive president
In the end, my commitment to everyone is:
I will be the most supportive president of innovation and Bitcoin in America.
It will be a prosperous and great industry, and I will do the same for other industries.
Those of you here inherit the legacy of generations of American pioneers, patriots, adventurers, and rebels, who settled this continent and built the modern world. You stand at the forefront. You know this, Bitcoin enthusiasts, you are the modern Edisons, Wright Brothers, Edison, and Henry Ford. What you do in your lifetime may surpass all of us and inspire generations.
My job will be to set you free, to do what you do best—you will do it better than anyone else, with rare energy, passion, and wisdom to achieve victory. Our country cannot fail. We are now a failing country, but not for long. Our country cannot fail. With your help, we will save our country, restore our republic, make America and Bitcoin greater, better, stronger, richer, freer, and greater than ever before.
