United

Donald Trump

Bitcoin

Gary

President Donald Trump

<p>Donald Trump’s intervention at the Nashville Bitcoin Conference marked an unexpected turning point. By promising to fire Gary Gensler and create a strategic bitcoin reserve, he galvanized the crypto community. This bold speech infused a wave of optimism among investors, rekindling hope in the volatile universe of cryptocurrencies.</p>
<h2 id="h-trump-and-bitcoin-a-new-deal-for-crypto">Trump and Bitcoin: A New Deal for Crypto</h2>
<p>At the 2024 Bitcoin Conference in Nashville, former President Donald Trump surprised everyone by declaring his intention to <strong>transform the United States into the world’s crypto capital</strong>.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>His shocking announcements, notably <strong>the <a href="https://www.cointribune.com/en/crypto-donald-trump-decides-to-fire-gary-gensler/" target="_blank" rel="noopener noreferrer nofollow">firing of Gary Gensler</a> and the creation of a strategic bitcoin reserve</strong>, immediately set social media ablaze.</p>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://join.swissborg.com/r/frederEZU5" target="_blank" rel="noopener noreferrer nofollow">Buy your crypto with Swissborg</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>According to <a href="https://en.coin-turk.com/bitcoin-boosts-investor-sentiment-to-16-month-high/" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>, <strong>positive comments about Bitcoin</strong> have reached their highest level in 16 months:</p>
<p>«&nbsp;<em>The ratio of positive comments about Bitcoin is at its highest level since March 2023, and historical highs are once again in sight.</em>&nbsp;»</p>
<figure class="wp-block-image size-large"><img decoding="async" src="https://coin-turk.com/wp-content/uploads/2024/07/santiment-5.webp" alt="">
 <figcaption class="wp-element-caption">
  Bullish sentiment at its highest level in 16 months – Source: Santiment
 </figcaption>
</figure>
<p>This surge in optimism, although <a href="https://www.cointribune.com/en/why-is-the-current-sentiment-around-bitcoin-so-negative/" target="_blank" rel="noopener noreferrer nofollow">negative in June</a>, is not surprising given <strong>Trump’s effect on the markets</strong>, reinforcing the idea that Bitcoin is not just a digital currency but also <strong>a symbol of financial sovereignty</strong>.</p>
<h2 id="h-strategic-bitcoin-reserve-a-revolutionary-proposal">Strategic Bitcoin Reserve: A Revolutionary Proposal</h2>
<p>Trump’s speech was followed by <strong>an equally revolutionary proposal</strong> from pro-crypto senator <strong>Cynthia Lummis</strong>. She introduced <strong>a bill to create a strategic bitcoin reserve</strong>, where the U.S. government would purchase 5% of the world’s Bitcoin supply and hold it for at least 20 years.</p>
<p>This bill has sparked mixed reactions, but it shows a bold new approach to the digital economy:</p>
<ul>
 <li>A 5% Bitcoin reserve could protect the U.S. economy against traditional monetary fluctuations;</li>
 <li>This initiative would strengthen the United States’ position in the global cryptocurrency scene.</li>
</ul>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noopener noreferrer nofollow">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>This strategic vision could well <strong>redefine the contours of the global economy</strong>, putting the United States at the forefront of financial innovation and offering increased stability in the face of potential economic crises.</p>
<p>As for Bitcoin (BTC), the flagship cryptocurrency, it experienced <strong>a spectacular rise</strong> following Trump’s speeches at the Nashville Conference. At the time of writing this article, it is trading at <strong>$69,348</strong>. A potential <a href="https://www.cointribune.com/en/bitcoin-is-bouncing-back-but-how-far-will-it-go/" target="_blank" rel="noopener noreferrer nofollow">return to its last ATH</a> of $73,800 is anticipated.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div> 
<div class="tradingview-widget-container tradingview--mini-chart">
 <div class="tradingview-widget-container__widget"></div>
 <div class="tradingview--mini-chart--dark">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
 </div>
 <div class="tradingview--mini-chart--light">
  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
 </div>
 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
 </div>
</div> 
<p>Donald Trump’s initiative, <a href="https://www.cointribune.com/en/r-kennedy-promises-to-buy-550-bitcoins-per-day/" target="_blank" rel="noopener noreferrer nofollow">supported by Robert F. Kennedy Jr</a>., shows a surprising convergence: enriching the United States through Bitcoin. A strategy that could well change the rules of the global economic game.</p>

Bitcoin at $69,000: Trump Revived Investor Optimism

قائمة المحتويات

Cointribune EN

المزيد من المقالات نُشرت في ٢٩ يوليو ٢٠٢٤

Cardano Node v.9.1.0 Released with Key Features for Chang Upgrade

ZKX Unveils ‘Isolated Funds’ to Minimize Losses for Users

Gate.io Unveils HedgeSmart Strategies-USDT: 10% To 20% Annualized Yield With Principal Protection

Celestia’s New Rival Launches in Mainnet: What is Avail DA?

US Fed Rate Cut in Focus, Will Bitcoin (BTC) Breakout In August?

What is the Long Term Outlook for SERV?

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.