Trump made a speech to the Bitcoin community on the main stage of the Bitcoin 2024 conference held in Nashville.

Trump addressed the Bitcoin community on the main stage of the Bitcoin 2024 conference held in Nashville. This is the latest version of a month-long appeal to cryptocurrency supporters, and it is also a radical change in the Republican presidential candidate.

“This afternoon, I intend to launch a plan to ensure that the United States becomes the world's cryptocurrency capital and the world's Bitcoin powerhouse.”

“(If I win) the government will hold 100% of the bitcoins it owns. The government's policy is to use bitcoin as a strategic national reserve. Bitcoin and cryptocurrencies will soar like never before.”

Bitcoin temporarily depreciated by 900 dollars after President Trump's speech, which was scheduled for 3:00 p.m. EST, was postponed due to the arrival of a “special guest,” and fell below 0.06 million8,000 dollars. Bitcoin then continued to decline during Trump's speech, breaking the $67,000 mark. However, after Trump announced plans for a strategic bitcoin reserve, bitcoin temporarily rose close to $1,400 to $68,221.16.

Highlights of Trump's speech

1. I hope the US will become a Bitcoin powerhouse

2. Bitcoin does not threaten the dollar

3. Bitcoin's “strategic reserve” plan announced

4. There is a possibility that the total market value of Bitcoin will surpass gold in the future