Bitcoin 2024 Conference Trump Key Remarks, CNBC Trump's intentions may not be realistic.
Former US President Donald Trump delivered a keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee, USA. The market reacted sensitively to his remarks, with the price of Bitcoin fluctuating wildly. In chronological order, here are some of his highlights
-BTC to become a world-class asset...bigger than gold by market capitalization
-BTC could replace gold in the future...US needs to get ahead of the curve
-US to become crypto capital of the world
-US Democrats are stuck in the old ways...let no one stand in the way of crypto
-POTUS to fire Gensler if elected...create pro-crypto rules in 100 days
-BTC Is Not a Threat to the Dollar...Will Continue to Rise
-The US government will not sell BTC
-Stockpile BTC as a National Strategic Asset
Meanwhile, CNBC analyzes that "stockpiling Bitcoin as a national strategic asset, which former U.S. President Donald Trump suggested during his keynote address at the Bitcoin 2024 conference over the weekend, may not be feasible." "An executive order would be difficult to implement and would require congressional approval. The U.S. government has BTC seized from criminals, and additional regular purchases would require taxpayer dollars. For Loomis' bill to pass, Republicans would need to sweep the White House, Senate, and House of Representatives in the November elections. But with Vice President Kamala Harris as the new Democratic nominee, the 2024 elections have been rewritten."
