“The reason I decided to address the Bitcoin community today can be summed up in just a few words: ‘America comes first.’ If we don’t lead this industry, China and others will — and we can’t afford that scenario,” Trump said at the annual Bitcoin 2024 conference in Nashville.
According to the Republican politician, if cryptocurrency is to shape the future world order, “it must be mined and produced in the United States.” He also promised to unveil a plan on Saturday evening that would make the United States “the crypto capital of the world and the Bitcoin superhero.”
“It shouldn’t happen anywhere else. And if Bitcoin goes to the moon, I want America to lead the way. You’ll be very happy with me,” Trump added, in a major shift for the Republican presidential candidate.
It is worth noting that Donald Trump, when he was US president in July 2019, said that he was “not a fan” of Bitcoin and other cryptocurrencies. He noted that the tokens are not money and that their value is “based on air,” and warned that unregulated crypto assets could help facilitate drug trafficking, among “other illegal activities.”
“Bitcoin looks like it’s a scam,” the Republican candidate told Fox in a phone interview in 2021. “I don’t like it because it’s another currency competing with the dollar,” he added. “I want the dollar to be the currency of the world, that’s what I’ve always said.”
But five years, a presidential election loss, and millions of dollars in crypto lobbying dollars later, the Republican presidential candidate is now headlining the biggest Bitcoin conference of the year in Nashville, which kicks off on Thursday, July 25.
Trump’s shift on Bitcoin comes as the Republican Party has pledged to clean up the bureaucracy in the Biden-Harris administration and work to turn crypto regulation into a voting issue in the November election, especially as inflation consistently ranks high as a priority for voters in polls.
Source: RT
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2024-07-29 07:24:02
