Trump Proposes Strategic National Bitcoin Stockpile

Former President Donald Trump delivered a keynote speech at the Bitcoin 2024 conference in Nashville, Tennessee, where he announced plans to establish a 'strategic national bitcoin stockpile' and pledged to end what he described as the Biden-Harris administration's 'war on crypto.' Trump criticized SEC Chair Gary Gensler and promised to replace him with someone favorable to the crypto industry. His speech caused a brief volatility in Bitcoin prices, although the market's overall response was muted. Trump compared Bitcoin to the early steel industry and predicted it could surpass gold in market value. His remarks were met with enthusiastic applause, indicating his growing alignment with the cryptocurrency community.