Former President Donald Trump has expressed forceful support for , stating that if re-elected, he would include Bitcoin in the United States’ strategic reserve asset.
In his opening speech at the Bitcoin conference in Nashville, Trump emphasized that the real threat to the dominance of the US dollar is not Bitcoin but the policy decisions made by Washington.
In a series of statements, Trump also announced his intention to order the Treasury Department to stop developing a central bank digital currency (CBDC).
He has called Bitcoin “not just a miracle of technology, but a miracle of human cooperation and achievement” and has vowed to end what he calls the “harassment” of the cryptocurrency sector during his potential future presidency.
Additionally, Trump announced that he will dismiss current Securities and Exchange Commission (SEC) Chairman Gary Gensler on his first day in office.
His comments suggest a complete change in the current administration’s stance on cryptocurrency regulation and oversight.
Concluding his pro-cryptocurrency stance, Trump predicted that bitcoin’s market capitalization could surpass gold’s and called for the United States to become the “crypto capital of the planet,” presaging a significant shift in policy toward digital currencies if he wins the presidential election.
At 5:06 PM EST (9:06 PM GMT), bitcoin’s price was up about 1%.
