Trump promises to ‘make bitcoin great again’ at Bitcoin Congress

Devotees make some noise for former president in Nashville

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Donald Trump. Image: Gage Skidmore/Flickr/IDGNS

Former US President Donald Trump promised at the Bitcoin Congress in Nashville last Saturday a strategic national bitcoin reserve and guaranteed never to sell government seized Bitcoin. In front of more than 3,000 visitors, he said: “I want it to be mined, minted and made in the US. If we don’t do it, China will. Crypto is the steel industry of 100 years ago, one day it will probably overtake gold. There’s never been anything like it and that’s why the US must become the ‘crypto capital of the world’.”

He added that a Democrats presidency would be a disaster for crypto.

“If they win this election, every one of you will be gone. They will be mean. They will be ruthless,” he said.

If elected, Trump promised to fire Gary Gensler, the influential chairman of the Securities and Exchange Commission, which is not a fan of crypto.

Trump also said he will appoint a a bitcoin and crypto advisory council when he takes office.

Trump was encouraged at the three-day congress by die-hard fans who adorned themselves in hats with the lyrics like Make Bitcoin Great Again.

Republican Senator Cynthia Lummis, also present at the congress, has already introduced a bill for a Bitcoin strategic reserve, proposing that the US government buy five percent of the global bitcoin supply and hold it for at least 20 years.

“It can be used for one purpose, which is to reduce our debt,” Lummis explained during her keynote.

Also speaking during the convention was independent presidential candidate Robert F. Kennedy Jr. He wanted Department of Justice to transfer 204,000 BTC from the Fed into a strategic reserve. He also said that if elected, he would direct the Treasury Department to buy 500 BTC daily to a total of 4 million BTC. Which does assume very easily that the rate can only go up.

Presumptive Democratic election candidate Kamala Harris was also invited, but she did not want to attend. She has yet to be nominated as a presidential candidate anyway.

CIA employee and NSA systems administrator Edward Snowden, who fled from the US, warned that politicians who support cryptocurrencies only as part of a party agenda are not “among our kind of people”.

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