Former US President Donald Trump will make a highly anticipated appearance as a keynote speaker at the upcoming bitcoin 2024 Conference in Nashville, scheduled for July 25-27. This has created quite a stir among cryptocurrency investors as rumors suggest that Trump might make a major announcement during his speech.
Will bitcoin Become a Strategic Reserve Asset for the US?
According Dennis Porter, co-founder of the non-profit organization Satoshi Act, Donald Trump x.com/Dennis_Porter_/status/1813949707368149329″ target=”_blank” rel=”noopener nofollow”>aims to to reveal btc as a strategic reserve asset for the United States.
Convinced of this fact, Porter stated: “This is not a joke. My sources are credible.” Porter added that bitcoin as a strategic reserve asset for the US Treasury is a “no-brainer.”
…The paradigm will change and the world will understand that they too must have a bitcoinn position.
However, this report has not yet been confirmed by Donald Trump, his staff, or any outside source. Therefore, and until such confirmation is forthcoming, Porter's claims should be taken with a grain of salt and considered speculation.
Leaders explore the possibilities of strategic reserves
As reported Per Bitcoinist, pro-bitcoin political leaders have long advocated for considering btc as a strategic reserve asset. One of them, Vivek Ramaswamy, a former presidential candidate, has been advising Trump on bitcoin and digital assets since January.
Ramaswamy proposed backing the US dollar with a basket of commodities, including bitcoin, to combat inflation and maintain the value of the currency over time.
On the other hand, David Bailey, CEO of bitcoin Magazine and advisor to the Trump campaign, has explored the theoretical impacts of the United States adopting btc as a strategic reserve asset.
Bailey's vision involves securing a significant reserve of btc for the US Treasury by time-locking the US's 210,000 btc for 100 years.
Adding to speculation surrounding increased pro-bitcoin and cryptocurrency measures, Donald Trump recently… Announced that Senator JD Vance, a prominent cryptocurrency advocate, will join his list as a vice presidential candidate for the 2024 election.
At the time of writing, the largest cryptocurrency on the market was trading at $63,870.
Featured image of DALL-E, chart from TradingView.com
