Former
US
President
Donald
Trump
is
rumored
to
make
a
groundbreaking
announcement
at
the
upcoming
Bitcoin
2024
Conference
in
Nashville.
According
to
industry
sources,
the
former
President
may
have
plans
to
unveil
Bitcoin
(BTC)
as
a
strategic
reserve
asset
for
the
US.
Satoshi
Action
Fund
co-founder
Dennis
Porter
and
BnkToTheFuture
founder
Simon
Dixon
both
shared
the
rumors
on
social
media,
citing
credible
sources.
However,
these
claims
remain
unconfirmed
by
Trump,
his
staff,
or
any
public
external
sources.
Until
official
confirmation
is
provided,
these
assertions
should
be
considered
speculative.
Bitcoin
as
a
reserve
The
idea
of
making
Bitcoin
a
reserve
asset
is
growing
among
crypto
proponents,
with
many
arguing
that
such
a
move
would
ensure
the
dollar’s
dominance
in
the
global
financial
landscape.
The
notion
has
gained
more
traction
in
recent
weeks
after
Trump
reportedly
discussed
the
matter
during
a
meeting.
Porter
emphasized
that
Bitcoin
as
a
strategic
reserve
asset
for
the
US
Treasury
is
a
“no-brainer,”
suggesting
that
such
a
move
could
shift
the
global
financial
paradigm
and
prompt
other
nations
to
adopt
a
Bitcoin
position.
The
idea
has
even
spread
beyond
the
crypto
industry,
with
BlackRock
CEO
Larry
Fink
recently
making
similar
statements
and
calling
the
flagship
crypto
“digital
gold.”
David
Bailey,
CEO
of
Bitcoin
Magazine
and
an
advisor
to
the
Trump
campaign,
has
also
explored
the
theoretical
impacts
of
the
US
adopting
BTC
as
a
strategic
reserve
asset.
His
vision
involves
securing
a
significant
BTC
reserve
for
the
US
Treasury
by
time-locking
210,000
BTC
held
by
the
USA
for
100
years.
Rising
political
relevance
The
rumor
has
generated
considerable
excitement
among
crypto
investors
and
advocates.
Bitcoin-friendly
political
leaders
have
long
advocated
for
considering
BTC
as
a
strategic
reserve
asset.
Vivek
Ramaswamy,
a
former
presidential
candidate,
has
been
advising
Trump
on
Bitcoin
and
digital
assets
since
January.
Ramaswamy
previously
proposed
backing
the
US
dollar
with
a
basket
of
commodities,
including
Bitcoin,
to
combat
inflation
and
maintain
the
currency’s
value
over
time.
In
recent
weeks,
Trump
has
voiced
strong
support
for
the
sector
despite
historical
reservations,
and
the
Republican
party
followed
suit
by
including
Bitcoin
and
crypto-related
issues
in
its
latest
platform.
Adding
to
the
speculation
of
increased
pro-Bitcoin
and
crypto
measures,
Trump
recently
announced
that
Senator
JD
Vance,
a
notable
proponent
of
Bitcoin,
will
join
his
ticket
as
the
vice-presidential
candidate
for
the
2024
election.
Mentioned
in
this
article
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Author: Assad Jafri
