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

목차

Cointribune EN

2024년 7월 29일에 게재된 다른 기사

El Salvador Proposes Using Bitcoin for Trade with Russia

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

Razzlekhan’s Controversial Return: Heather Morgan Seen at Bitcoin 2024 After 120,000 BTC Hack

BNB Chain Eliminates $971M BNB in 28th Quarterly Token Burn

Trump to Fire SEC Chair Gensler and Make Bitcoin a Strategic Reserve Asset for the US

BTC price dips 4.5% as US gov’t Bitcoin move raises new sell-off fears

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!