Trump to Endorse Bitcoin as Strategic Reserve Asset in 2024 Speech: Report

IconCryptoNewsTerminal Staff26 Jul, 2024

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Trump to Endorse Bitcoin as Strategic Reserve Asset in 2024 Speech: Report

Former U.S. President Donald Trump is poised to deliver a speech at the Bitcoin 2024 conference in May, where he is expected to endorse Bitcoin as a strategic reserve asset and outline pro-cryptocurrency policies. According to CryptoSlate, Trump's address will: - Emphasize U.S. leadership in Bitcoin and cryptocurrency innovation. - Criticize the Biden administration's cryptocurrency policies. - Pledge to protect the rights of cryptocurrency holders. - Encourage Bitcoin mining in the United States. - Oppose a government-issued digital dollar. This marks a significant shift in stance for Trump, who previously expressed skepticism about cryptocurrencies. The move is seen as a recognition of the growing popularity and potential of digital assets.