{"id":435296,"date":"2024-07-28T15:11:31","date_gmt":"2024-07-28T14:11:31","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=435296"},"modified":"2024-10-18T23:12:05","modified_gmt":"2024-10-18T22:12:05","slug":"3-key-takeaways-from-donald-trumps-bitcoin-2024-speech","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/3-key-takeaways-from-donald-trumps-bitcoin-2024-speech\/","title":{"rendered":"3 key takeaways from Donald Trump\u2019s Bitcoin 2024 speech"},"content":{"rendered":"<p>Former President <a href=\"https:\/\/cryptoslate.com\/people\/donald-trump\/\">Donald Trump<\/a> gave a <a href=\"https:\/\/www.youtube.com\/watch?v=uRQZAOK24IQ\">speech<\/a> at the Bitcoin 2024 conference in Nashville, Tennessee on Saturday. He used his speech to highlight his crypto-related policies if re-elected and to woo crypto voters.<\/p>\n<p>At Trump\u2019s <a href=\"https:\/\/cryptoslate.com\/trump-vows-to-make-america-the-superpower-of-bitcoin-fire-gensler-on-day-1\/\">promise to fire<\/a> the Securities and Exchange Commission (SEC) chairman <a href=\"http:\/\/cryptoslate.com\/people\/gary-gensler\">Gary Gensler<\/a> on the first day after retaking office, the audience began to chant his name. Here are a few key things Trump also said at the conference:<\/p>\n<h2>Bitcoin is a \u2018miracle of cooperation and human achievement\u2019<\/h2>\n<p>Trump said that Bitcoin is a \u2018marvel of technology\u2019 that showcases the epitome of cooperation and achievement. He added that Bitcoin has already become bigger than ExxonMobil, and given its growth rate, he compared it to the \u2018steel industry 100 years ago.\u2019<\/p>\n<p>Trump also highlighted that Bitcoin leaders and developers have a rare \u2018camaraderie,\u2019 a friendship that exists despite competition.<\/p>\n<p>Following his praise of Bitcoin and its community, Trump announced that if re-elected, he would never allow the government to sell the 210,000 BTC it currently holds, and any acquired in the future.<\/p>\n<p>He added that under his presidency, this government holding of BTC will be turned into a Strategic National Bitcoin Stockpile. As a stockpile, it will serve as an asset to all Americans, Trump said.<\/p>\n<h2>Harris is \u201cagainst crypto\u201d<\/h2>\n<p>Calling the current administration of President Joe Biden a \u201cfascist regime,\u201d Trump said that Bitcoin is the only way to gain independence from government coercion and control. Bitcoin stands for freedom and sovereignty, he said.<\/p>\n<p>Trump went on to berate Vice President <a href=\"https:\/\/cryptoslate.com\/people\/kamala-harris\/\">Kamala Harris<\/a>, calling her worse than Biden and a \u201cradical.\u201d He added:<\/p>\n<blockquote><p>\u201cThe Biden-Harris Administration's repression of crypto and Bitcoin is wrong and it's very bad for our country.\u201d<\/p><\/blockquote>\n<p>Trump stated that Harris is \u201cagainst crypto\u201d and she\u2019s \u201cagainst it very big.\u201d He said:<\/p>\n<blockquote><p>\u201cLet me tell you, if they win this election, every one of you will be gone. They will be vicious. They will be ruthless. They will do things that you wouldn\u2019t believe.\u201d<\/p><\/blockquote>\n<p>Trump\u2019s comments came just a day after a large number of Democrats <a href=\"https:\/\/cryptoslate.com\/democrats-urge-harris-and-dnc-to-select-crypto-friendly-vice-president-sec-chair\/\">admitted in a letter<\/a> that Americans consider the party to be anti-crypto. The politicians warned of crypto having an \u201coutsized impact\u201d on the November elections and suggested that the party take a \u201cforward-looking approach\u201d to crypto.<\/p>\n<p>The consortium of Democrats also advised that Harris should select a crypto-friendly SEC chair and Vice Presidential candidate.<\/p>\n<h2>Build fossil fuel-based power plants for Bitcoin mining farms and AI<\/h2>\n<p>Both artificial intelligence (AI) and Bitcoin mining require a large supply of electricity. To make the U.S. a \u201cBitcoin mining powerhouse,\u201d Trump plans to satisfy the demand by building fossil fuel-based power plants.<\/p>\n<blockquote><p>\u201cWe will very simply drill baby drill,\u201d said Trump, noting that the fossil fuels will be used in an \u201cenvironmentally friendly way.\u201d<\/p><\/blockquote>\n<p>It is Trump\u2019s ambition to ensure that the U.S. has the \u201clowest cost of energy and electricity of any nation on Earth\u201d by the end of his new term if re-elected. It is worth noting, however, that Trump has called AI a \u201cdangerous thing\u201d in the past.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President Donald Trump gave a speech at the Bitcoin 2024 conference in Nashville, Tennessee on Saturday. He used his speech to highlight his crypto-related policies if re-elected and to woo crypto voters. At Trump\u2019s promise to fire the Securities and Exchange Commission (SEC) chairman Gary Gensler on the first day after retaking office, the [&hellip;]<\/p>\n","protected":false},"author":1386,"featured_media":435298,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35,79621,77968,15323],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>3 key takeaways from Donald Trump\u2019s Bitcoin 2024 speech<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/3-key-takeaways-from-donald-trumps-bitcoin-2024-speech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 key takeaways from Donald Trump\u2019s Bitcoin 2024 speech\" \/>\n<meta property=\"og:description\" content=\"Former President Donald Trump gave a speech at the Bitcoin 2024 conference in Nashville, Tennessee on Saturday. He used his speech to highlight his crypto-related policies if re-elected and to woo crypto voters. At Trump\u2019s promise to fire the Securities and Exchange Commission (SEC) chairman Gary Gensler on the first day after retaking office, the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/3-key-takeaways-from-donald-trumps-bitcoin-2024-speech\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-28T14:11:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-18T22:12:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2024\/07\/bitcoin-speech.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"673\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Monika Ghosh\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Monika Ghosh\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/3-key-takeaways-from-donald-trumps-bitcoin-2024-speech\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/3-key-takeaways-from-donald-trumps-bitcoin-2024-speech\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#person\",\"name\":\"Monika Ghosh\",\"url\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/monika-ghosh\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/08\/monika-ghosh-author-300x300.jpg\",\"caption\":\"Monika Ghosh\"},\"jobTitle\":\"Former Reporter\",\"description\":\"Monika started reading about crypto in 2020 and went deeper and deeper down the rabbit hole. 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