In his race to the White House, Trump stood out as a big defender of Bitcoin

by time news

2024-07-28 00:36:34

Cryptocurrencies have a new promoter. And, in the middle of the United States presidential campaign, this is none other than Donald Trump. The Republican candidate now promises, if re-elected to the White House, to be the “pro-innovation and pro-bitcoin president that America needs”.

“Bitcoin represents freedom, government and freedom from the tyranny and control of the Biden-Harris Administration,” Donald Trump said at a crypto industry conference in Nashville, Tennessee.

Trump’s change of heart

The former head of the White House promised, if he wins the November 2024 election, “to keep 100% of the bitcoins held by the United States government” to make them “unnecessary of the strict national regulatory rights”. “This will be the policy of my administration,” he said, calling on those in the United States to “never sell (their) bitcoins”.

The Republican candidate has recently gathered supporters of crypto assets even though he was strongly anti-bitcoin during his presidency.

“If we don’t accept crypto and bitcoin technology, China will,” Donald Trump repeated. “America’s destiny is to lead our rivals in everything and to hand over our industries to nobody,” he added.

A new face against Kamala Harris

On the other hand, he agreed that to “mine, mint, and produce” bitcoins in the United States, “large amounts of electricity” would be required. “We will build power stations on the sites. (…) We will use fossil fuels because we have to. We will use nuclear power,” he pleaded. “We will produce so much electricity that you will say, please, Mr., we don’t want any more electricity! », he finished

The Republican candidate eliminated Vice-President Kamala Harris, who has promised to be her Democratic rival in the race for the presidency. Admitting that he is “experiencing a little honeymoon at the moment”, he nevertheless opposes “radical madness (…) that is also against crypto”.

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