Skip to content
Gadget Wave's Financial Powerhouse — Investing — Gadget Wave's Latest Tech — Explore Gadget Wave's Latest Innovations — policy-and-legislation — Politics — general-news

Trump to Make Bitcoin Bombshell at Bitcoin 2024

Could Trump's announcement boost Bitcoin's value? The community is buzzing with anticipation.

,   and  Administrator
1 min read
In this picture, we see the coin in gold and brown color. We see some text written as "The United...
In this picture, we see the coin in gold and brown color. We see some text written as "The United States Of America". It might be a money coin. In the background, it is brown in color and it looks like a carpet.

Trump to Make Bitcoin Bombshell at Bitcoin 2024

The Bitcoin community is abuzz with anticipation as rumors circulate about a potential bombshell announcement at the Bitcoin 2024 conference in Nashville. Speculation is rife that former US President Donald Trump might reveal plans to integrate Bitcoin into the US reserve currency or create a strategic Bitcoin reserve.

Dennis Porter, lobbyist for Satoshi Action Funds, has confirmed that Trump is indeed planning to make an announcement regarding Bitcoin at the conference. Meanwhile, analyst Lark Davis has been speculating on whether Trump might consider 'printing dollars to buy Bitcoins' as part of this strategy.

Simon Dixon, an early adopter and founder of BankToTheFuture, has also confirmed the rumors, citing a source from Blocktrainer. The source indicates that Trump will emphasize Bitcoin's non-threatening nature to the US dollar and announce a strategic Bitcoin reserve decree. Notably, Ray Dalio, a prominent analyst who previously had reservations about government tolerance towards Bitcoin, now views it more favorably.

Markus Thielen, CEO of 10x Research, expects Trump to announce plans to build a strategic Bitcoin reserve for the US. Ari Paul, a smart Bitcoin investor, considers this announcement unlikely but plausible. David Bailey, organizer of Bitcoin2024, has even tweeted about a potential new all-time high on Saturday, seemingly in anticipation of Trump's announcement.

If Trump does announce integrating Bitcoin into US reserves, it could significantly boost Bitcoin's price and potentially increase the dollar's global demand. The political implications of such a move are substantial, and the Bitcoin community is eagerly awaiting the former president's address at the Bitcoin2024 conference.

Read also:

Related

Latest