Trump to Make Major Bitcoin Announcement at Bitcoin 2024
The Bitcoin 2024 conference in Nashville is kicking off tomorrow, with political tensions running high. Rumours are swirling that former US President Donald Trump will make a significant announcement regarding Bitcoin's role in the country's reserves.
Trump is expected to present himself as a supporter of the cryptocurrency movement, a stance he first took at the Bitcoin Congress 2024 in Nashville. Speculations suggest he might announce making Bitcoin the reserve currency of the USA on Saturday. This move could support the dollar and allow for more Bitcoin purchases.
Simon Dixon, founder of BankToTheFuture, and Dennis Porter, lobbyist for the Satoshi Action Fund, have both confirmed Trump's plans to announce a strategic Bitcoin reserve. Markus Thielen, CEO of 10x Research, also speculates that such an announcement is imminent.
The Bitcoin price has been on an upward trajectory, rising by almost 20 percent since mid-July. David Bailey, organizer of Bitcoin2024, predicts a new all-time high on Saturday. The USA already holds about 212,000 Bitcoins, worth about $15 billion, which it has seized from criminals.
The Bitcoin 2024 conference in Nashville is set to be politically charged, with rumours suggesting that Donald Trump will announce the integration of Bitcoin into the USA's reserves. If confirmed, this move could have significant implications for both the cryptocurrency market and the US economy.
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