July 27 2024
President Donald Trump delivered an historic address Saturday at the Bitcoin 2024 conference in Nashville.
President Trump said, "Ultimately my promise to each and every one of you is this: I will be the pro-innovation and pro-Bitcoin president that America needs and our citizens deserve."
President Trump called for the creation of a strategic national Bitcoin stockpile and said that "upon taking office, I will immediately appoint a Bitcoin and Crypto Presidential Advisory Council."
Highlights from the speech:
President Trump: "Those who say that Bitcoin is a threat to the dollar have the story exactly backwards... Bitcoin is not threatening the dollar. The behavior of the current U.S. Government is really threatening the dollar. The danger to our financial future does not come from crypto, it comes from Washington D.C.. It comes from trillions of dollars in waste, rampant inflation and open borders while giving welfare and free health care to all of the illegal aliens that are pouring into our country by the millions and millions and millions. It comes from printing hundreds of billions of dollars to fund endless wars overseas while our cities are like combat zones here at home."
President Trump: "I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’s anti-crypto crusade will be over."
President Trump: "Bitcoin stands for freedom, sovereignty, and independence from government coercion and control. The Biden-Harris Administration’s repression of crypto and Bitcoin is wrong, and it’s very bad for our country."
President Trump: "For three and a half years, the current administration has waged a war on crypto and Bitcoin like nobody’s ever seen before. For those who work in this industry, they target your banks. They choke off your financial services."
President Trump: "Bitcoin has gone from merely an idea posted anonymously on an internet message board to being the ninth most valuable asset anywhere in the world."
President Trump: "If we don't embrace crypto and Bitcoin technology, China will, other countries will. They'll dominate.... I want the United States to be first in technology, first in science, first in manufacturing, first in artificial intelligence, and first in space."