2024

Donald Trump

Bitcoin

Gary

<ul>
 <li>Trump plans to establish a national Bitcoin stockpile and have the US government acquire 5% of the BTC supply, integrating Bitcoin into the national financial strategy.</li>
 <li>He aims to reverse anti-crypto policies, promote Bitcoin as a symbol of freedom, and position the US as a leader in the global cryptocurrency market.</li>
</ul>
A momentous history seems to be unfolding as the Republican presidential candidate Donald Trump announces his firm <a href="https://www.crypto-news-flash.com/donald-trumps-crypto-campaign-raises-4-million-in-crypto/" rel="noopener noreferrer nofollow">plan</a> to maintain 100% of the Bitcoin that the US government currently holds or acquires, referring to it as a “national Bitcoin stockpile.” Trump also declared that the US plans to buy 5% of the <a href="https://www.crypto-news-flash.com/trump-and-lummis-push-for-strategic-bitcoin-reserve-in-u-s/" rel="noopener noreferrer nofollow">BTC supply</a>.
Trump was the keynote speaker at Bitcoin 2024 on Saturday, a gathering of industry heavyweights in Nashville, Tennessee. Collin Brown, a notable crypto community member, shared in a tweet that Trump also intends to commute Ross Ulbricht’s sentence and prevent the creation of a Central Bank Digital Currency (CBDC). He argues that the US government, rather than Bitcoin, poses a threat to the US dollar.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> price will explode, if Trump becomes president. Let me explain why:
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/25b6.png" alt="▶" class="wp-smiley" style="height: 1em; max-height: 1em;"> On his first day in office, Trump plans to remove Gary Gensler from his position as chairman of the Securities and Exchange Commission (SEC). <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/25b6.png" alt="▶" class="wp-smiley" style="height: 1em; max-height: 1em;"> If elected, his administration will establish a… <a href="https://t.co/O7pcKnwgJS" rel="noopener noreferrer nofollow">pic.twitter.com/O7pcKnwgJS</a>
 — Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1817786672387346600?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 29, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Furthermore, Trump envisions the United States leading the world in cryptocurrency innovation and adoption, positioning the country as a global leader in the Bitcoin market. He is committed to reversing the current administration’s anti-crypto policies immediately upon taking office.
According to a CNF YouTube video today, Trump aims to promote Bitcoin as a symbol of freedom, sovereignty, and independence from government control, reinforcing his belief in the cryptocurrency’s potential to transform the financial landscape.
<iframe title="Trump's Plan: Set Up Bitcoin Reserve, Oust Gary Gensler, US to Purchase 5% of Bitcoin" width="788" height="443" src="https://www.youtube.com/embed/NPWM_lbc5IA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
In general, Trump’s plans reflect a bold vision for integrating Bitcoin into the national financial strategy and establishing the US as a dominant force in the global cryptocurrency market. His policies focus on leveraging Bitcoin’s growth potential and positioning it as a key element of economic freedom and innovation.
It appears that since Trump’s famous support for cryptocurrency like Bitcoin, the price has surged. According to a previous <a href="https://www.crypto-news-flash.com/bitcoin-climbs-as-trump-hedge-fund-ceos-set-to-headline-nashville-us-event/" rel="noopener noreferrer nofollow">CNF report</a>, Bitcoin climbed as Trump and hedge fund CEOs headlined the Nashville event. As of now, according to today’s CoinMarketCap, BTC is trading at $69,530.05, with an increase of 3.20% in the past day and 3.50% in the past week. See the BTC price chart below.

<div class="cryptoboxes" id="mcw-19491" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="bitcoin" data-symbol="BTC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="month" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Trump’s Masterplan: Bitcoin Strategic Reserve Asset, Fire Gary Gensler, US to Buy 5% of BTC Supply

Crypto News Flash

Other articles published on Jul 29, 2024

Wyoming University Launches First Ever Bitcoin Research Institute

Donald Trump Expresses Strong Support for Bitcoin

Bitcoin Cash (BCH) Leads Altcoin Market With Solid 16% Gain – Here’s Why

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

ShepskyAI ($SEKY) Announces Launch Date and Innovative AI-Driven Trading Solutions

Shiba Inu reveals ambitious plans for a new layer-3 blockchain and additional tokens

Join our free newsletter for daily crypto updates!