Former US President Donald Trump announced his strong support for the digital currency Bitcoin, stating that if elected again, he would work to integrate Bitcoin as a strategic reserve asset for the United States. In a speech at a Bitcoin conference in Nashville, Trump made it clear that the real threat to the dominance of the US dollar is not Bitcoin, but political decisions made in Washington, DC.
Trump also announced his intention to direct the Treasury Department to halt efforts to develop a central bank digital currency (CBDC), calling Bitcoin a "miracle of human cooperation and achievement." He promised to end what he called the “persecution” of the digital currency sector under his potential future presidency.
In a bold move, Trump confirmed that he will fire the current Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, on his first day in office. He added that he seeks to make the United States “the Bitcoin capital of the world,” and pledged to build a global reserve of Bitcoin in the United States similar to oil reserves.
Trump's statements indicate a major shift in American policy towards digital currencies, anticipating that the market value of Bitcoin will exceed the market value of gold, and calling for the United States to become the "capital of the planet for digital currencies" if he wins the presidential elections.
