Trump’s Bitcoin Conference Speech: Establish Bitcoin Strategic Reserve, Dismiss Gary Gensler
The 2024 Nashville Bitcoin Conference welcomed the heavyweight speaker, former President Donald Trump. Trump delivered an inspiring speech, elaborating on his vision for the future of Bitcoin and cryptocurrency, speaking for a full 40 minutes. He reviewed his achievements during his term in office and proposed a series of policies and plans aimed at promoting the United States as a global cryptocurrency hub, including establishing a government Bitcoin reserve and appointing a cryptocurrency commission.
Here is the full text of Trump’s speech at the 2024 Nashville Bitcoin Conference, compiled by Odaily Planet Daily:
“We are very fortunate as a nation to have the extraordinary talent, vitality, and gifts of all the representatives here. This is amazing. Genius.
It’s not everyone, but many of you here. This spirit is the builder of America, and this spirit will help us make America great again. Standing before you today, I am filled with respect and admiration for the achievements of the Bitcoin community.
Incredible. Really. I often tell my sons, it’s amazing because they know a lot about Bitcoin. Their understanding of it far exceeds that of older people. I say, it’s like the steel industry 100 years ago. Indeed. I feel you are still in the early stages. I can see it all happening. In just 15 years, Bitcoin went from an idea anonymously posted on an internet message board to the world’s ninth most valuable asset. Can you believe it? Right? This is a big deal. Think about it, it’s already bigger than ExxonMobil. Soon it will surpass the entire silver market in value. That’s a goal, right? One day, it might even surpass gold. With the current trends, it’s entirely possible. This has never happened in the world before. I don’t think you’ve ever seen anything like this either. Most people have no idea what it is. You know.
Right?
So, what will happen when they understand? That will be very interesting. Bitcoin is not just a technological miracle, you know, it’s also a miracle of collaboration and human achievement. Many relationships have been built in this process, forming a good friendship at the roundtable meetings with many leaders. Very interesting. There is competition, but also a lot of relationships and friendships among many people. I noticed that. I don’t usually see this, usually I see the opposite.
They want to take each other down. These people have a good feeling. Very smart too. Congratulations on all the achievements you have made. This room is amazing. The people here are high IQ people. I’m competing with a low IQ person (Odaily Note: referring to Harris). I’m not joking. She’s a low IQ person.
The reason I’m here speaking to the Bitcoin community today can be summed up in simple words: America first. Because if we don’t do it, China will, and other countries will too. Let’s do it, and let’s do it well.
My vision is for a dominant America in the future. We have the best economy, the highest standard of living. China is trying to dominate, they have made too much progress. And we hope they succeed, we hope China succeeds. But we must be the most successful. It is important that we lead and set standards.
What will happen?
I hope America will be at the forefront in technology, science, manufacturing, and artificial intelligence. My uncle, John Trump, Ph.D., is a professor at MIT. He fits in very well with all of you here, that’s why I mention him. He is one of the longest-serving professors in MIT history. Our family is very smart, he has three different degrees. They invited him to stay on as a professor, and he did for 41 years. When I was in the White House, the president of MIT gave me a book about my uncle. He is a legend in academia and at MIT. So I know a lot about your work, and I have great respect for high IQ people like you.
America’s destiny is to lead our opponents, never to hand over our industries. Some of you work in artificial intelligence, but you also need something called electricity. Artificial intelligence requires a lot of electricity. China is more likely to do this because we have environmental impact reports to do, but we will do things that no one thought possible. You need a lot of electricity, twice as much as our current electricity supply in America, to dominate. We will achieve this. We will use fossil fuels and nuclear energy to generate power in an environmentally friendly way. We will create so much power that you will say, ‘Please, Mr. President, we don’t need any more power.’
In the Midwest, they just opened charging stations for electric vehicles. You know, I really like Elon. He’s great. He supports me, which is great support. But not everyone has to have an electric car. I told him that. So we will repeal that mandate. Some people like gasoline cars, some people like hybrid cars, some people like electric cars. They are all good. I think what Elon is doing is great, and he understands. If he doesn’t understand, he might not support me.
But they built these charging stations in the Midwest. There are eight of them, costing $9 billion to build. At this rate, building charging stations nationwide will cost about $12 trillion. If these charging stations stop working, the country will have to file for bankruptcy protection. We need to use our brains, we need to be a common-sense party.
Right?
We must have common sense. But we really do need to produce a lot of electricity to support artificial intelligence and everything you are doing. We will produce it. We will be able to compete with China and other countries. So we will produce it.
This afternoon, I will detail my plans to ensure that America becomes the capital of global cryptocurrency and the superpower of the world’s Bitcoin. We will achieve this goal. If cryptocurrency will define the future, I hope it will be mined, minted, and produced in the United States, not elsewhere. If Bitcoin is going to “land on the moon” as we say, I want America to lead this trend. This will happen. You will be very pleased with me, you will be very happy.
That’s why I am proud to be the first major party candidate in American history to accept Bitcoin and cryptocurrency donations. And I have to tell you, they donated a lot, and I’m grateful. Since we announced this on May 21, we have raised $25 million, a large portion of which is in Bitcoin, cryptocurrency, and other assets.
But as you know, our excitement about the future of Bitcoin and cryptocurrency is vastly different from that of our opponents. They are taking the old ways. And we are taking the middle road. In terms of campaigning, we are different from others. We understand it, and they don’t. They are obstructing your path.
I made your lives much easier because the Securities and Exchange Commission (SEC) has been very harsh on you. Now that they see you supporting me, suddenly, those who were investigated no longer face the same scrutiny. So please say, ‘Thank you, President Trump.’
They did this because I heard some of your great geniuses talking to me about this issue. I heard Vivek say that 175 million people are involved in some form of the cryptocurrency and Bitcoin world. One hundred and seventy-five million. When they heard this number, they said, ‘Be nicer to them before the election.’
So I’ve relieved a lot of pressure on many people. Many happy people today who weren’t so happy three months ago.
Over the past three and a half years, the current government has waged an unprecedented war on cryptocurrency and Bitcoin. For those not in this industry, they targeted your banks, cutting off your financial services. Have you seen this situation? Yes, they have. They prevented ordinary Americans from transferring to your exchanges. They slandered us as criminals. I have also experienced this because I said the election was rigged. They said, ‘He should spend the rest of his life in prison for this statement.’ Of course, they said that about us too, it’s just…
By the way, our election situation is very good. You know, we recently lost a candidate, Biden. You might think we lost a good man, but he was actually a bad man, to be honest. So don’t feel sad.
We have an even worse candidate. But I made a metaphor last night. Think about it: I’m speaking in front of a very powerful, very influential, very religious group – Christians, evangelicals. And today, I’m speaking to Bitcoin enthusiasts. Now I’m going to Minnesota for a rally. You think my life is beautiful, right? But remember, I cover a lot of areas. From religion to Bitcoin to rallies. I won’t confuse things like others, who would say, ‘God bless all those involved in the Bitcoin world.’ But in reality, we are serious, because you need blessings to do some really incredible things.
Last night we had a great time with Christians, mainly Christians, a Christian group. It was great. And then we have a very big rally in Minnesota. Since 1972, there hasn’t been a win here, it was Richard Nixon at the time. Can you believe it? I think we are leading in Minnesota, but there is some foul play there. But I think we are doing well. So we will leave here and go to hold a large rally there. It’s an honor to be with you.
Sadly, when we see the attacks on cryptocurrency, this is a larger part carried out by the same left-wing fascist elements weaponizing the government against anything that threatens their power. They did it to me too. Have you seen it? I just won a big case in Florida. Thank you very much. It’s a document case. I have the Presidential Records Act on my side. By the way, Biden has it too, but he’s a disgrace, we won’t prosecute him because he’s incompetent. I won this case the traditional way. It’s called winning. I want to win this case the way Trump wins cases.”
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