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Donald Trump

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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>
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<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>
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<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>
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  Bullish sentiment at its highest level in 16 months – Source: Santiment
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<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>
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 <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>
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<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>
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<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

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Cointribune EN

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