Summary of Trump's Speech at the Bitcoin Conference: Including Bitcoin in National Reserves Will Prevent World War III

Author: Deep Tide TechFlow

Trump arrived as promised, delivering a speech at the 2024 Bitcoin Conference held in Nashville, outlining his grand vision and governance philosophy regarding Bitcoin, which can be summarized as follows:

I am awesome: During my term, Bitcoin soared by 3900%, rising from $898 when I took office to $35,900, with low inflation and increased middle-class income… the people are prosperous and the country is strong;

The Biden administration is bad: extreme left lunatics, a massive influx of refugees, political persecution against Bitcoin and industry companies; if I (Trump) do not win this race, this country will be doomed;

I want to achieve great things: first, fire the current SEC Chairman Gary Gensler, promise not to sell the Bitcoin held by the U.S. government, incorporate it into the national reserves, develop the energy sector, and support Bitcoin mining;

Flattering the crypto industry: Bitcoin enthusiasts, you are the modern-day Edisons, Wright brothers, Edisons, and Henry Fords.

Finally, Trump solemnly promised to become the president who most supports innovation and Bitcoin in the United States.

In summary: Harris is a bad person, hurry up and vote for me; if you don't vote for me, America is going to fail, and Bitcoin is going to fail!

Trump was very high-spirited, and the audience was also very high-spirited, especially when he mentioned that the first thing he would do upon taking office is to fire Gary Gensler, leading to a standing ovation!

This round of praise and promises left many in the crypto industry bewildered, shouting MAGA, but whether this is a genuine expression or a political performance, and whether he will deny it in the future, remains to be seen. It is evident, however, that the influence and grassroots support of the crypto industry are visibly expanding, to the extent that even presidential candidates in the U.S. must cater to it.

Regardless, this is still a good thing; flattering words are better than cold repression. Comrade Trump, your emotional value is spot on!

Here is a condensed summary of Trump's speech at the Bitcoin Conference:

Reasons to Support Cryptocurrency: Ensuring America First

In just 15 years, Bitcoin has transformed from an anonymous idea posted on an internet message board into the ninth-largest asset by market capitalization in the world, and it will soon surpass the entire silver market's value. One day, it may even surpass gold. Given the current trend, this is entirely possible.

Bitcoin is not just a miracle of technology; it is also a miracle of cooperation and human achievement. Many relationships have been built in this process, with competition, but also many friendships among people. The people here are all highly intelligent, and I am competing against someone of low intelligence. The reason I am here today to address the Bitcoin community can be summed up simply: to ensure America First. Because if we do not do this, China will do it, and other countries will do it. So let us do it, and do it well. My vision is for America to dominate the future; we must be the most successful, and importantly, we must lead and set the standards.

I will ensure that America becomes the global capital of cryptocurrency and a superpower in Bitcoin. If cryptocurrency is to define the future, I want it to be mined and minted in America, not elsewhere. If Bitcoin is to go "TO THE MOON" as we say, I want America to lead this trend. That is why I am proud to be the first major party candidate in American history to accept Bitcoin and cryptocurrency donations, and I want to tell you, they donated a lot (of cryptocurrency), for which I am grateful.

The Democrats are Bad People, Fire Gary Gensler on Day One

Kamala Harris is an extreme left lunatic, by the way, she is against cryptocurrency, so I just want to let you know that you must go out and vote. They are against cryptocurrency and are trying to eliminate it. You know what the U.S. SEC is doing: trying to eliminate Bitcoin. The reason is crystal clear: Bitcoin represents freedom, sovereignty, and independence from government coercion and control. The Biden-Harris administration's suppression of cryptocurrency and Bitcoin is wrong and very detrimental to our country.

Once again, if we do not win this race, this country may be doomed. If this country is to be under their control, we must fight, and we must win. I assure the Bitcoin community that on the day I take office, the anti-cryptocurrency campaign of Biden and Harris will come to an end, and the persecution of your industry will cease.

On my first day in office, I will fire Gary Gensler (the current SEC Chairman) and appoint a new SEC Chairman who must believe that America should build the future, not hinder its development.

Your government will no longer sit idly by while Bitcoin jobs and businesses flee to other countries because American laws are too vague, too harsh, and too rigid. We will keep every Bitcoin job in America. Upon taking office, I will immediately establish a Bitcoin and cryptocurrency Presidential Advisory Committee.

There Will Be No CBDC, Bitcoin is Not a Threat to the Dollar

There is something going on in your industry; they want to move towards creating a Central Bank Digital Currency (CBDC), forget about it. When I am president again, there will never be a CBDC. I will always defend the right to self-custody sovereignty, and I will promote the growth of your industry, not destroy it. America will once again be a country that protects property rights, privacy, transaction freedom, and freedom of speech; we will return to being a nation in the making, not one that devours itself from within.

As part of our efforts to provide regulatory clarity, we will create a framework for the safety and expansion of stablecoins. This will enhance the dominance of the dollar, make America wealthier, make the world better, and bring billions of people into the crypto economy, allowing them to store their savings in Bitcoin. Those who say Bitcoin threatens the dollar are completely mistaken; Bitcoin does not threaten the dollar. The actions of the current U.S. government are the real threat to the dollar; the danger to finance does not come from cryptocurrency but from Washington, D.C.

During My Term, Bitcoin Increased 39 Times

We will immediately and swiftly begin to rebuild our economy because when America prospers, Bitcoin will soar as well. During the Trump administration, middle-class family income increased by $6,000 per year. In my four years in office, Bitcoin soared by 3900%, rising from $898 when I took office to $35,900. This is one of the largest 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 the elimination of the tip tax.

I will cut unnecessary and burdensome regulations, working to make America the best place in the world to start a business, including cryptocurrency businesses; this will be the best place. You do not have to go to China; you do not have to learn Chinese. I have a little granddaughter who speaks fluent Chinese. That’s a great thing, but it’s not easy; you don’t have to do that.

Inflation is a Nightmare, It Will Prevent World War III

Most importantly, we will end this government-created inflation nightmare that is destroying our country. You know, inflation can destroy a country. You can look back to many years ago in Germany. Look at what happened in Germany during the great inflation; it was a destroyer of nations.

The life savings of millions of Americans are being rapidly destroyed, and out-of-control inflation is an invisible tax on the middle class.

When I return to the White House, I will stop this administration's madness and wasteful spending. I will end the endless wars. Again, during your favorite president Trump’s term, we had no new wars. They always thought I would start a war; let me tell you some facts: I will prevent World War III because we are closer to World War III now than we have been since the end of World War II. I will secure the borders and stop millions of illegal immigrants from flooding into our country.

Develop the Energy Sector, Support Bitcoin Mining

We will end the war on American energy; we have more liquid gold (oil) beneath 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, America will have the lowest energy and electricity costs in the world.

With low energy costs, America will become a globally recognized powerhouse for Bitcoin mining. You will become a powerhouse for Bitcoin mining. You do not have to move your families to China. You will not move to China.

Establish a National Bitcoin Reserve

As we implement reforms, Bitcoin and cryptocurrency will drive our economic growth, solidify America's financial dominance, and strengthen the entire nation for a long time to come.

Many Americans do not know that the U.S. government is one of the largest holders of Bitcoin. The federal government holds nearly 210,000 Bitcoins, accounting for 1% of the total supply. But for a long time, the U.S. government has violated the fundamental principle that every Bitcoin enthusiast knows: "HODL."

I announce that if I am elected, America will retain 100% of all Bitcoin currently held or acquired in the future, which will effectively serve as the core of a strategic national Bitcoin reserve.

Most of the Bitcoin currently held by the U.S. government has been obtained through law enforcement actions. They took it from you. We will take steps to convert this immense wealth into a permanent national asset that benefits all Americans.

Today, I reaffirm my commitment to reduce the sentence of Ross Ulbricht (the founder of the trading platform "Silk Road") to time served; he has paid enough.

A Solemn Commitment, I Will Be the Most Supportive President of Bitcoin

Ultimately, my commitment to everyone is: I will be the president who most supports innovation and Bitcoin in America.

This will be a prosperous and great industry, and I will do the same for other industries.

You all inherit the legacy of generations of American pioneers, patriots, adventurers, and rebels who settled this continent and built the modern world. You stand on the front lines. You know this, Bitcoin enthusiasts, you are the modern-day Edisons, Wright brothers, Edisons, and Henry Fords. What you are doing in your lifetime has the potential to 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, and you will win with rare energy, passion, and wisdom. Our country cannot fail. We are a failing country now, but not for long. Our country cannot fail. With your help, we will save our country, restore our republic, and make America and Bitcoin greater, better, stronger, richer, freer, and greater than ever before.