3 Views of Donald Trump About Bitcoin

Bittime - Recently, former President Donald Trump surprised many with his passionate speech at the Bitcoin 2024 conference in Nashville, Tennessee. There are at least 3 views of Donald Trump regarding Bitcoin. Check out this article to find out.

In contrast to his previously skeptical attitude towards digital assets, this time Trump appears to be embracing the crypto community with a series of tempting campaign promises. Here are Trump's three main views on Bitcoin that have caught the public's attention.

Bitcoin: "The Miracle of Human Collaboration and Achievement"

Starting his speech on a note that surprised many, Trump called Bitcoin a "technological miracle" that represents the pinnacle of human cooperation and achievement. He even compared Bitcoin's growth to the steel industry 100 years ago, emphasizing its revolutionary potential.

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"Bitcoin has grown bigger than ExxonMobil," Trump said, referring to one of the world's largest oil companies. He also praised the unique spirit of brotherhood among developers and leaders in the Bitcoin community, a camaraderie that remains intact despite competitive situations.

Furthermore, Trump promised that if re-elected, he would not allow the government to sell the 210,000 BTC it currently holds. Instead, he plans to turn the government's Bitcoin holdings into a "Bitcoin National Strategic Reserve," which he says will be a valuable asset for all Americans.

Criticism of the Biden-Harris Administration

Unsurprisingly, Trump used this opportunity to launch sharp criticism of the current administration. He called President Joe Biden's administration a "fascist regime" and asserted that Bitcoin is the only way to gain freedom from government coercion and control.

In particular, Trump highlighted Vice President Kamala Harris' stance, which he said was "very anti-crypto". He warned that if Harris wins the election, the crypto industry will face tough times. "They will be cruel. They will do things you can't imagine," Trump said.

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This statement is interesting, considering that recently a large group of Democratic Party members admitted in a letter that the American public considers their party to be anti-crypto. They even suggested that Harris pick a crypto-friendly SEC chairman to improve the party's image.

Plans for the Development of Fossil Fuel Based Power Plants

One of Trump's most controversial promises is his plan to build fossil fuel-based power plants to support Bitcoin mining and the development of artificial intelligence (AI). 

"We're going to drill, baby, drill," Trump said, adding that fossil fuels would be used in an "environmentally friendly" way. His ambition is to make the US a "powerhouse in Bitcoin mining" by providing the cheapest electricity in the world.

However, it is worth noting that Trump has previously called AI a "dangerous thing." This change in his attitude shows how dynamic the political and technological landscape is today.

Despite the accompanying controversy, Trump's speech at Bitcoin 2024 clearly shows that cryptocurrencies have now become an important issue in the US presidential election. 

Whether these promises will be realized or simply become campaign rhetoric remains to be seen. However, one thing is certain: the crypto world has now become a force that cannot be ignored in American politics.

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