Donald Trump’s Bitcoin Agenda: A Crypto Superpower?
Former President Donald Trump has made a bold move in the world of cryptocurrency. At the Bitcoin 2024 conference, Trump laid out his plan to make the United States the “crypto capital of the planet and the Bitcoin superpower of the world.”
Trump’s Vision: A Bitcoin Superpower
Trump’s vision includes establishing a Strategic National Bitcoin Stockpile, which would be seeded with about 210,000 Bitcoins, valued at roughly $13 billion. This stockpile would be built upon Bitcoin already in government possession, acquired through legal law enforcement seizures.
The former president has also pledged to be a “pro-Bitcoin president,” vowing to appoint a Bitcoin and crypto advisory council, establish transparent regulatory guidance, and even commute the sentence of Ross Ulbricht, the founder of the darknet market Silk Road.
Trump’s Actions Speak Louder Than Words
Trump has taken steps beyond rhetoric to signal his commitment to crypto. His presidential campaign was the first to accept donations in Bitcoin and other cryptocurrencies. Since May, the campaign has raised $25 million in crypto. He has also chosen Ohio Sen. JD Vance, a supporter of crypto, as his running mate.
Trump’s pronouncements have caused a stir in the crypto community, generating both excitement and skepticism. Whether his plan will come to fruition remains to be seen. Only time will tell if his vision of a Bitcoin superpower will become reality.
