The most significant event for the cryptocurrency world in July was Donald Trump’s speech at the Bitcoin Conference. The speech just began. Before diving into the details, it’s worth noting that the Bitcoin price was at $68,486 before the speech.
Trump Changes Stance on Bitcoin and Cryptocurrencies
Donald Trump previously referred to Bitcoin and cryptocurrencies as scams and criminals’ money, stating they had no place in the system. However, much has changed since then. Influenced by the 2024 US elections, Trump realized the importance of approximately 52 million cryptocurrency-owning voters.
Trump has now changed his rhetoric. He now adopts a pro-cryptocurrency stance. He recently declared his support for Bitcoin and cryptocurrencies and proclaimed himself the president of the crypto space. All eyes are now on what Trump will say and promise.
Key Points from Donald Trump’s Speech
Donald Trump used the following statements in his speech.
- Donald Trump thanked the people who supported him.
- Our country has brilliant minds in the Bitcoin and crypto space. I bow to you today.
- I believe Bitcoin will replace gold.
- I support the Bitcoin community for America’s future.
- We must embrace Bitcoin. Otherwise, other nations will, and we will fall behind.
- The Bitcoin and crypto community consists of smart people. I always respect smart people.
- We will meet the energy needs of the Bitcoin and crypto community.
- America will be the superpower of Bitcoin and cryptocurrencies.
- America will lead Bitcoin, and I ask for your support.
- I received many Bitcoin and crypto donations, but the important thing is America’s leadership in this field.
- Thanks to me, they leave you alone. Otherwise, you would be under much more pressure.
- Bitcoin will go to the moon.
- The Bitcoin and crypto community has been slandered.
- We genuinely support the Bitcoin and crypto community. We are not pretending.
- They are trying to eliminate Bitcoin because it symbolizes freedom.
- When I come to the White House, I will end the games against the Bitcoin and crypto community.
- On the first day, I will fire SEC Chairman Gary Gensler.
- I didn’t know Gensler was so disliked. Let me say it again. On my first day in office, I will fire the SEC Chairman.
- As President, I will end operations against the crypto community.
- I will establish a cryptocurrency council, and you will write the rules. Those who hate you will not write these rules.
- There will be no CBDC when I am President.
- We will be your fuel.
- We will create stablecoins. Bitcoin does not threaten the Dollar. The current US administration’s actions are the threat.
- We will not allow those who threaten financial freedom.
Trump spoke at the Bitcoin Conference, marking a significant event for cryptocurrencies.
He changed his stance, now supporting Bitcoin and cryptocurrencies.
Trump promised to support the crypto community and lead America in this field.
