At the Bitcoin2024 conference in Nashville, Donald Trump Jr. Bitcoin He declared it a hedge against inflation and authoritarian governments. His words set the stage for the inaugural speech of his father, former President Donald Trump.
Donald Trump avoided making Bitcoin the official strategic reserve currency of the United States in his speech. Instead, the Republican presidential candidate pledged to maintain the current level of BTC holdings that the United States has accumulated by seizing the assets of financial criminals:
“For too long, our government has violated the cardinal rule that every BTC user knows by heart: Never sell your Bitcoin. If elected, it will be the policy of my administration to hold 100% of all BTC currently held or acquired in the future by the U.S. government.”
Trump’s strategy, crypto money This is consistent with a popular sentiment in crypto circles not to sell Bitcoin in both bull and bear markets. This approach contrasts with the current policy of the U.S. government, in which the U.S. Marshals Service regularly auctions Bitcoin and other cryptocurrencies such as Ethereum and Litecoin. Such sales can sometimes impact crypto prices, as seen earlier this month when Germany began liquidating hundreds of millions of dollars’ worth of seized Bitcoin.
*This is not investment advice.
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