Donald Trump’s speech dominated the Bitcoin 2024 conference. The Republican candidate used his intervention to position himself as an outspoken advocate of cryptocurrencies. And he went even further. He promised to make the US the “crypto capital of the planet” if elected.

Bitcoin’s Strategic National Reserve. Trump’s speech was clearly defensive of cryptocurrencies, going so far as to compare them to key industries. “They’re like the steel industry 100 years ago, but they’re still in their infancy. One day they’ll probably surpass gold. There’s never been anything like it,” he said.

Trump has championed the idea of ​​creating a “strategic national Bitcoin reserve” with a promise to “never sell,” an apparent reference to HODL.

1 million BTC for 20 years. It was Senator Cynthia Lummis, not Trump, who gave more details about the idea. The bill calls for the United States federal reserve to collect one million bitcoins (about $70 billion at current exchange rates) over the next five years.

“A reserve that will be held for at least 20 years and can only be used for one purpose: debt reduction,” the senator argues.

Bitcoins are ‘Made in the USA’. Trump defended himself by saying, “If cryptocurrencies are going to shape the future, they should be mined, minted and produced in America. If Bitcoin is going to reach the moon, as they say, I want America to send it there.” He added, “If we don’t, China will.”

The right to personal custody. Trump has advocated for the implementation of self-custody to support these bitcoins produced in the United States. That is, the Republican candidate says he will work to ensure access to cold storage wallets.

Trump points out that there will be no higher body to control citizens’ Bitcoins, stating, “I will never allow the creation of a Digital Currency Central Bank.”

“Make Bitcoin Great Again.” This is one of the slogans that emerged among those attending the conference. “The Biden-Harris Administration’s crackdown on cryptocurrencies and Bitcoin is wrong and harmful to our country,” Trump said. Instead, he presents himself as the head of cryptocurrencies. Who will deregulate the industry for the benefit of investors.

Another move he advocates is the dismissal of Gary Gensler, the chairman of the Securities and Exchange Commission (SEC) and one of the people responsible for regulating cryptocurrencies in the United States.

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