Three Takeaways From President Trump’s Speech at Bitcoin 2024

Trump: "Never sell your bitcoin"                                                                                                                                                                                                                                                                                                                                                                                                                 August 02, 2024 | [Read Online]( [Teeka Tiwari]( & Houston Molnar [fb]( [fb]( [fb]( [fb](mailto:?subject=Post%20from%20The%20Digital%20Asset%20Daily&body=Three%20Takeaways%20From%20President%20Trump%E2%80%99s%20Speech%20at%20Bitcoin%202024%3A%20Trump%3A%20%22Never%20sell%20your%20bitcoin%22%0A%0Ahttps%3A%2F%2Ftiwariresearchgroup.com%2Fp%2Fthree-takeaways-president-trumps-speech-bitcoin-2024) Three Takeaways From President Trump’s Speech at Bitcoin 2024 “Never sell your bitcoin.” You’ve heard that message countless times from Daily editor Teeka Tiwari over the past decade… Now President Donald J. Trump is parroting it, too. If you don’t know me, my name is Houston Molnar. I’ve been Teeka’s chief crypto analyst since 2019. Last week I attended the world’s largest bitcoin conference in Nashville – where I met the biggest bitcoin miners, fund managers, and developers. Over the coming days, I’ll share proof I gathered from my boots-on-the-ground research at Bitcoin 2024 that shows we’ve reached an inflection point in the crypto markets. This is the point where the asset class becomes cemented into the financial system and adoption begins to skyrocket. From the cutting-edge technology on the bitcoin network, to the next crypto exchange-traded fund we’re likely to see… There’s a lot to talk about from Bitcoin 2024. But today, I want to focus on the most anticipated event of the week. That’s when former President Trump spoke at the conference. (You can get Teeka’s take on President Trump’s speech [right here.]() Now, at the Daily, we don’t take political sides. We’re here to help you build wealth, regardless of which side of the aisle you stand on. But if you’re an investor, you need to be aware of the candidates’ policy positions. These decisions can have a massive impact on your returns. Trump’s policy pledges at Bitcoin 2024 promises to disrupt the crypto markets like no event we’ve seen before. And that’s going to lead to much higher prices. Three Big Moments from President Trump’s Bitcoin Address President Trump’s speech was the most anticipated event of the three-day conference. Security was tight, with Secret Service and TSA agents screening everyone entering the main hall. Three hours before the event, the room began to fill up. An hour before his speech, security stopped letting people in. It was standing room only by this point. From the start, it was clear the President wasn’t just trying to earn the support of the thousands of people in attendance – but millions of crypto investors around the country. Three moments in particular got huge roars from the crowd. The first came when President Trump said if re-elected, he’d fire Securities and Exchange Commission (SEC) Chair and anti-crypto crusader Gary Gensler on Day One. Gensler, whose term ends in 2026, has embarked on a campaign to rein in the crypto industry, including suing respected exchanges like Coinbase and Kraken. “We will have regulations, but from now on, the rules will be written by people who love your industry, not hate your industry,” President Trump said to loud applause. The second big roar came from the crowd when President Trump vowed to make the United States the “crypto capital of the planet and the bitcoin superpower of the world.” ❝ If crypto is going to define the future, I want it to be mined, minted, and made in the USA. If Bitcoin is going to the moon, as they say, ‘it’s going to the moon,’ I want America to be the nation that leads the way. President Donald Trump I can’t tell you how bullish this is for crypto. The leading candidate for president of the United States wants the U.S. to be the leader in crypto innovation. That’s a massive change from the current administration. President Trump wants to create a crypto-friendly environment where firms thrive. Not chase them away with a bunch of lawsuits like we’ve seen over the past three years. The third, and arguably most important, moment came when President Trump pledged to keep 100% of the bitcoin the U.S. government holds or acquires into the future. “For too long, our government has violated a cardinal rule that every Bitcoiner knows by heart: never sell your Bitcoin,” the former President said. “If I am elected, it will be the policy of my administration for the United States of America to keep 100% of all the Bitcoin the U.S. government currently holds or acquires.” President Donald Trump If you’ve been following us over the years, you know Teeka has predicted bitcoin would become a global reserve asset similar to gold or U.S. Treasury bonds. Just a few months ago, mentioning the idea of bitcoin as a reserve asset would get you laughed out of the room. Now, a leading candidate for U.S. president is making it one of his economic positions. Crypto Is Becoming a Voting Issue An estimated 20% of Americans own crypto. And a recent Harris Poll found one-third of voters plan to take a candidates’ crypto policy into consideration when voting. As his Bitcoin 2024 address indicated, President Trump is trying to make inroads with this growing voter bloc. So it’s no surprise that the Democratic Party is starting to reevaluate some of its anti-crypto stances. We saw signs of this at the Bitcoin 2024 conference. Last week, Democratic members of Congress sent a letter to the Democratic National Committee asking for it to embrace pro-crypto policy. And while she didn’t appear herself, the presidential campaign of Vice President Kamala Harris had surrogates attend the event. One of them is U.S. Representative Wiley Nickel of North Carolina. Unlike President Biden, Wiley said Vice President Harris “understands” crypto and may embrace it as an issue in her campaign for the White House. “We had a total reset of the presidential election,” Nickel said, adding “we’ve been working hard to get a reset from the Vice President.” Love him or hate him, President Trump has done in one speech what we’ve been doing for years at the Daily… helping crypto become a mainstream asset class. Remember, this is a man who once called bitcoin a “scam” and “based on thin air.” Now, he wants the U.S. to be the leader in bitcoin and blockchain innovation and development. Not only is it a stunning turnaround for him… He’s also forced the opposition party to take a more crypto-friendly stance, too. This is what Teeka means when he says bitcoin is a politically “agnostic” asset class. Regardless of which party is in power, it will not only survive, but thrive. A Surprise Announcement As President Trump waved to the crowd and thanked everyone for coming out, thousands of people dashed for the exits. But I had a feeling there would be more to come… And my hunch was right. After the former President spoke, Senator Cynthia Lummis of Wyoming appeared on stage waving a draft of a bill she’s pushing through Congress. The bill proposes that the U.S. government buy 5% of the world’s bitcoin supply over the next five years and hold it for at least 20 years as a strategic reserve asset. When the holding time ends, the bitcoin reserves would be used for one purpose: Pay down the country's debt. Now I’m a realist. The odds of this bill passing are slim to none at this time. But it just goes to show you how far this asset class has come. When Teeka first recommended bitcoin in 2016, people accused him of peddling “magic internet money.” Today, the leading presidential candidates from both parties are embracing crypto. And a U.S. Senator is advocating the idea of bitcoin as a reserve asset. Right now, the U.S. government holds an estimated 210,000 bitcoin. That’s 1% of the total supply. At current prices, that’s about $14 billion worth of bitcoin. If the U.S. eventually holds 5% of the total supply as proposed in the bill… That would mean buying another 840,000 bitcoin. That’s a $57 billion purchase using today's prices… But good luck buying that much bitcoin without pushing the price up significantly. Can you see how incredibly bullish this is for this asset class? If you’re a family office, a pension fund, or a sovereign wealth fund – are you going to wait until after the U.S. government buys bitcoin before you do? Absolutely not… By then, it’ll be too late. Already this year, we’ve seen the state pension funds of Wisconsin and Michigan allocate some of their assets to bitcoin. And last week, Jersey City announced it plans to do the same for its pension fund. For years, Teeka and I have traveled to these types of events to get the inside scoop on the crypto industry and keep you ahead of the game. That’s how we routinely outperform every other newsletter covering this asset class and bring life-changing gains to our readers. My recent visit to Nashville could not have made me more bullish on this industry. Over the coming days, I’ll share more insights from my time at Bitcoin 2024 and the best money-making opportunities they offer. Until then, keep stacking bitcoin. Regards, Houston Molnar Share The Digital Asset Daily You currently have 0 referrals. [Click to Share]( Or copy and paste this link to others: [fb]( [tw]( [ig]( [yt]( [in]( Update your email preferences or unsubscribe [here]( © 2024 Tiwari Research Group 1607 Ponce De Leon Ave San Juan, Puerto Rico 00909, Puerto Rico [Terms of Service](