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Political Promises From The Bitcoin Conference
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The 2024 Bitcoin Conference concluded on Saturday, bringing forth an assortment of exciting highlights. Among these developments, several prominent political figures seized the opportunity to share their visions for Bitcoin.
Donald Trump, the Republican Presidential candidate, delivered a captivating speech on the conference’s final day. The 78-year-old politician emphasized his potential crypto-related policies, as a means of attracting crypto-voters. A notable point within his plan is the promise to remove Securities and Exchange Commission (SEC) Chairman Gary Gensler on his first day in office. This declaration underscores Trump’s tough stance on reshaping crypto regulations.
Trump also took time to eulogize Bitcoin, lauding it as a “miracle of technology” that showcases collaboration and achievement. Additionally, he castigated Vice President Kamala Harris, accusing her of being “anti-crypto.” He also revealed the steps he would take if he becomes president, including directing the Department of Justice and US Marshals to transfer approximately 200,000 BTC reserves to the U.S. Treasury.
Independent Presidential candidate Robert F. Kennedy Jr. also spoke, outlining his plans for the U.S. should he win the elections. Key in his vision is the incorporation of BTC into the U.S. economic strategy, done through executive orders issued on his first day in office. Kennedy Jr. is determined to redirect the Department of Justice and US Marshals to transfer BTC reserve to the U.S. Treasury, comprising an estimated 200,000 coins. Unsurprisingly, his promises came under criticism from Peter Schiff.
Institutional Support For Bitcoin And A Macro Scale Price Prediction
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The conference played host to a slew of exciting institutional developments. Global financial services provider Cantor Fitzgerald unveiled its intentions to launch a Bitcoin financing division. With this move, investors can receive financial leverage on their holdings.
This announcement underscores Cantor Fitzgerald’s unwavering support for the cryptocurrency landscape. The company’s Chairman, Howard Lutnick, boasted about having an “enormous” holding in the digital asset. His claims hint at the growing demand for crypto-related financial products among institutional investors.
Bitstamp founder Michael Saylor, in his capacity as chairman of the conference, predicted an extraordinary upside for Bitcoin. He forecast the token’s annual growth rate to slow down significantly in the coming years, from its present 55% to 20%, only to skyrocket to a jaw-dropping $13 million per unit. Current markets have seen BTC priced around $67,989.33, corresponding with a 0.99% decrease in 24 hours. This possible fluctuation could, nonetheless, send bullish waves through altcoin markets.
Conclusion
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As this year’s Bitcoin Conference wraps up, it’s clear that prominent politicians have leveraged the platform to express their commitments and ambitious plans for the cryptocurrency sphere.
However, the true essence of these exchanges lies in their ability to mobilize support for the growing, influential, and dynamic cryptocurrency sector, as it continues to attract key players, foster growth, and foster innovation.
FAQs
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• What did Donald Trump say at the conference?
– The U.S. Presidential candidate mentioned various plans for the U.S., including the promise to remove Securities and Exchange Commission (SEC) Chairman Gary Gensler on his first day in office. He also emphasized his potential crypto-related policies as a means of attracting crypto-voters, and castigated Vice President Kamala Harris for being “anti-crypto.”
