In his keynote speech at the Bitcoin 2024 conference, Donald Trump aimed to make the U.S. the 'crypto capital of the planet and the Bitcoin superpower of the world,' boosting Bitcoin prices significantly.
Trump plans to create a Bitcoin 'strategic reserve' if re-elected, intending to hold all current tokens and buy 1 million Bitcoin over five years, valued at around $70 billion.
Trump's endorsement of crypto, shift from skepticism, and electoral prospects with a 60% chance of victory have led to a surge in not only Bitcoin but also Ethereum and Solana tokens.
Attendees at the conference wore hats with slogans like 'Make Bitcoin Great Again,' showcasing the support for Trump's new stance on cryptocurrencies.
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