At the Bitcoin 2024 conference held in Nashville early this morning, former US President Trump appeared and delivered a nearly one-hour speech. Although it was delayed by one hour from the original time, tens of thousands of audience members were still in high spirits during Trump's very personal speech.

This was Trump's campaign declaration to the US cryptocurrency community. BlockBeats compiled the text as soon as possible, hoping that everyone can feel the scene from the text.

TL;DR

· Bitcoin’s market value has been increasing since its birth, and it will soon surpass silver and gold in the future

· Plans are being formulated to ensure that the United States will become the world’s encryption center and a Bitcoin superpower

· The president-elect will fire current SEC Chairman Gray Gensler on his first day, will keep every Bitcoin-related job in the United States, and will appoint a Bitcoin/Cryptocurrency Presidential Advisory Committee after taking office

· Bitcoin does not pose a threat to the US dollar, and those who think Bitcoin poses a threat to the US dollar are completely wrong. The danger in the future is not from cryptocurrencies, it’s from Washington, D.C.

· The United States will not sell (100% reserved) a single Bitcoin if elected, as a strategic Bitcoin reserve

We have a lot of other people who are supporters, so we need to talk about cryptocurrencies, we need to talk about Bitcoin, we need to talk about all of these great companies. Our country is blessed with all of the geniuses here with extraordinary talents and abilities, it’s really great, even if not all of them, but we still have a lot of talent, that’s the spirit that built America, that’s the spirit that helps us make America great again, and that’s what we’re doing.

The Future Value of Bitcoin

I stand before you today with so much respect and admiration for what the Bitcoin community has accomplished. I say to my sons, it’s incredible because they know so much more about Bitcoin, much more than people who are a little older. But I say this is the steel industry a hundred years ago, I think Bitcoin is still in its infancy.

We are seeing it happen, in just 15 years Bitcoin has gone from being just an idea posted anonymously on an internet message board to being the 9th most valuable asset in the world, can you believe that, this is big news. Bitcoin is already bigger than ExxonMobil, soon it will be bigger than the entire silver market cap, one day it may be bigger than gold, but based on what is going on right now, that is very unlikely to happen. There has never been anything like this, most people have no idea what it is, and when they do, Bitcoin is going to be something big.

Bitcoin is not only a miracle of technology, it is a miracle of cooperation and human achievement, forming so many relationships. The reason I came to address the Bitcoin community today can be summed up in two very simple words: America First, because if we don't do it, other countries will. Let's do it and do it well, my vision is an America that dominates the future, we have the best economy, the highest standard of living, the safest, the most beautiful cities.

When I say safest, our cities are going to hell right now, but we will fix our cities, we will work with the Democrats who destroyed our cities. We will take our cities back, we will take our country back. We used to be the freest, most ambitious, most vibrant country on earth, and we will get it back. Because we are not there yet, we are a country in decline, but that's okay, we will get it back.

Now this is embarrassing, and if they respected our country, this would never have happened. If we don't embrace cryptocurrency and Bitcoin technology, other countries will do it, and they will dominate cryptocurrency. We have to be the most successful, and that's what will happen. I want America to be number one in technology, number one in science, number one in manufacturing, number one in artificial intelligence, number one in space.

Increase the power supply

My uncle, Dr. John Trump, is a professor at MIT, and he would fit in very well in this room. He was the longest-tenured professor in the history of MIT, and he graduated with great honors, I think he had three different degrees, but they still invited him to stay on as a professor at MIT, and he was there for 41 years, and when I was in the White House, the dean of MIT came to see me, and they sent me a book about my uncle, who is a legend in academia and a legend at MIT, so I know a lot about what you are doing.

I have great respect for highly intelligent people, and you are highly intelligent, and America needs to be ahead of its competitors in everything, and our industry does not surrender to anyone. Some of you are working on AI, but you also need something called electricity, and you need lots of it. Even though we have ESG environmental impact reports to deal with, we are going to do something that no one thought was possible. You need a lot of electricity, you need twice as much electricity as the United States has now to dominate (in AI), and we will do it.

We will build power plants on site, we will generate electricity from fossil fuels, we will use nuclear power, we will do it in an environmentally friendly way, but we will generate enough electricity that you will say, "Mr. President, we don't need more electricity, we can't afford it, don't generate any more electricity."

In the Midwest, (Tesla) just opened two chargers for electric cars, and you know I like Elon, he's great, he supports me, but not everyone has to have an electric car, I told him that, so we're going to remove the mandate. If you don't mind, some people want gas-powered cars, some people want hybrids, some people like electric cars, and I think they're all great.

I think he (Musk) understands that, or he wouldn't support me, but they're building these chargers in the Midwest, it's costing $9 billion to build eight chargers, it's going to take about $12 trillion to build a national charging network at this rate, and that's not going to work, our country is going to have to file for Chapter 11 bankruptcy. We have to use our heads, we have to get back to common sense, we have to produce a lot of electricity for artificial intelligence and everything else you're doing, and we're going to produce it fast, or we can't compete with other countries.

Deregulate Crypto

This afternoon I will unveil my plan to ensure that America becomes the crypto capital of the world and the Bitcoin superpower of the world, and we will make it happen. If crypto is going to define the future, I want it to be mined, minted, and made in America. It will be made in America, and nowhere else. If Bitcoin is going to "go to the moon," I want America to be the country leading the way, and that will be the case.

You will be very pleased with me, and that is why I am proud to be the first major party nominee in American history to accept Bitcoin and cryptocurrency donations. The crypto community has done a lot, and I admire them very much. Since our announcement on May 21, $25 million has been raised, a large portion of which is Bitcoin, cryptocurrencies, and other very good currencies.

I'm excited about the future of Bitcoin and cryptocurrencies, our opponents have had a hard road, the SEC was very tough on crypto, they were blocking the way for crypto, but I made it easier for you, and now the SEC sees you embrace me, and all of a sudden the people who were investigating are giving up. They say they don't want to do it, they love Bitcoin. But let me tell you, if they win the election, those attitudes will disappear again. They will be vicious and shameless and do things you wouldn't believe.

I've heard from some of your great geniuses, Vivek told me that there are 175 million people involved in some form in the world of cryptocurrencies and Bitcoin and everything else. 175 million people, so when they hear that number, they say, at least be nice to them before the election. So I've taken a lot of pressure off a lot of people, and a lot of people are happy today, and they weren't so happy three months ago.

For three and a half years, the current administration has waged an unprecedented war against cryptocurrencies and Bitcoin. For those who work in the industry, they target your banks, they cut off your financial services, has anyone seen this happen? Yes, a lot of hands raised. They block ordinary Americans from transferring money to your exchanges. They smear you and make you out to be criminals.

But it also happened to me because I said the election was rigged, he said the election was rigged, and he should spend the rest of his life in jail for that statement. Of course, all those things they said about us are now okay. By the way, we did very well in the election, you know we recently lost a candidate, Biden, and I think we lost this great man.

I made an analogy last night. Think about it, I spoke in front of a very influential, very powerful religious group, the Christian group, and then today I come to Bitcoin, and now I'm going to Minnesota for a rally. You think my life is great, right? I cover a lot of ground, I go from religion to Bitcoin to rallies, I don't mix it up like some other people do. They come out and say, God bless all those who are involved in the Bitcoin world. But actually we mean it because you need blessings because you have to do something really spectacular.

We had a really good conversation with a Christian group last night. I just won a big case in Florida. It was a document case, I had the Presidential Records Act on my side, Biden didn't. I won this big case, but Biden couldn't win it. He's not running anymore because he didn't do particularly well in the debates. The thing is, Harris is worse than Biden, she's a fierce leftist. She's against cryptocurrencies, very much against it.

We're facing terrorists coming to our country right now, those people are coming from Israel, no one checks them, no one knows what's going on, we have absolutely no idea what's going on, they're not controlled by the state, only bad things are going to happen to them. So we can't just sit there and watch, we have to defeat them.

You can't just be a fighter, think about it, you're fighting in a campaign. You spent a lot of money, a lot of time, a lot of effort, and your supporters lost. And then they said, let's remove him from the fight, we'll put a new fighter in, and the new fighter is her (Harris). He will always be my first choice, but she will be my second choice.

I know you guys are not that political, but you have to be political. Because everything you do, there is a lot of politics involved.

If we don't win this, this country as we know it may be over, and this country will be in a bad state. We have to be there, we have to fight, and we have to win. I promise the Bitcoin community that the day I am sworn in, the anti-crypto campaign of Joe Biden and Kamala Harris will end. As soon as I am sworn in, the persecution will stop and the weaponization of your industry will end.

Elizabeth Warren and her minions, she hates you, she hates you, she hates everything about you. As long as I'm in the White House, we're going to keep them away from Bitcoin. They're going to let crypto grow, and we're going to let it grow. On my first day in office, I'm going to fire Gary Gensler and appoint a new SEC Chairman, one who believes that America should build the future, not hinder the future.

And Kamala Harris wants him to be Treasury Secretary, which is not good. He was Hillary Clinton's finance director, and the opponent is the gentleman known as Donald Trump, a persona non grata in this circle. He actually attended my wedding, but when you run for public office, a lot of things change your life.

As president, I will immediately stop this "Smother 2.0" operation. They want to strangle you, they want to make your business impossible, but I won't let that happen. No longer will the government sit by and watch crypto businesses flee to other countries because American laws are too ambiguous, too harsh, and too inflexible. We will keep every crypto job in America.

Upon taking office, I will immediately appoint a Presidential Advisory Commission on Bitcoin and Cryptocurrency, anyone willing to serve on this special commission? Their mission will be to design transparent regulatory guidance for the entire industry, and they will do so in 100 days. We will have regulations, but from now on, those rules will be written by people who love your industry, not people who hate your industry, people who want to make the rules clear, simple, straightforward, and fair, people who want to see your industry thrive, not die.

Next, I will immediately order the Treasury Department and other federal agencies to cease and desist from all necessary steps because you know there is a thing going on in your industry that wants to push for the creation of a Central Bank Digital Currency (CBDC). End it, forget it. There will never be a CBDC as long as I am President of the United States.

I will always defend the right to self-custody, and you will have a great industry, and we will fuel your industry, not destroy it. America will once again be a country that protects property rights, privacy, freedom to trade, freedom of association, and freedom of speech. We will change our - we will return to the days when we were a nation that built, not a nation that fed itself from within.

As part of our efforts to provide regulatory clarity, we will create a framework to allow for the safe, responsible expansion of stablecoins. Do you know what a stablecoin is? This will allow us to expand the dominance of the dollar to new areas around the world. America will be around the world, America will be richer, the world will be better off, and billions of people will be included in the crypto economy and put their savings in Bitcoin, and that's the truth.

Those who say Bitcoin threatens the dollar have it all wrong, Bitcoin is not a threat to the dollar, what is really threatening the dollar is the behavior of the current Biden administration. The threat to our financial future does not come from cryptocurrency, it comes from Washington, DC. The threat comes from trillions of dollars wasted, rampant inflation, and open borders while providing welfare and free health care to millions of illegal immigrants pouring into our country; the threat comes from printing hundreds of billions of dollars to fund endless wars overseas while our cities are like war zones at home.

Two weeks ago in Chicago, 117 people were shot and 17 died, and there was nothing like this in Afghanistan. Look at what is happening in our cities, no one has seen anything like this in the last three and a half years. Think about it, is this America? I don't think so.

When I was president, we didn't start new wars. Hillary said she would start wars. But my personality keeps us away from wars, and we ended some old wars, like ISIS. They said it would take five years, maybe longer, but we defeated ISIS in four weeks. Because we have a great army, and it's not an awakened army.

Maybe some of the top guys are awakened, but it's not a fully awakened army, and I saw that first. When you see what they did for me, they were incredible, they did things that no one thought was possible. Our real generals and soldiers are not awakened. They're trying to make them awake, but these people won't wake up, I can guarantee that.

With your support, this November, we will restore confidence and common sense to our nation's capital. Ultimately, this is not about whether you're a conservative or a liberal or a progressive. They like progressive, it sounds great, but it actually destroys our country, and it's a terrible word. But it's not about that, it's about common sense, and we want to bring common sense back. Everything we talked about today is common sense, and Bitcoin and cryptocurrencies will soar like never before, and even beyond your expectations.

When we stop the war on crypto, we will immediately begin rebuilding our economy because when America thrives, Bitcoin thrives. We have had the greatest economy ever, and we will have it again very soon. The typical middle class household has increased their income by $6,000 a year under the Trump Administration. People don't like to mention this because Americans saved more in my four years than they had in decades.

Now you have to hear the numbers, in my four years in office, Bitcoin went up 3,900%, from $898 when I took office to $35,900 when I left office. That is the largest gain of almost any industry, think about that number. Compare what it is like after three and a half years of Biden and Harris administrations, Bitcoin is up 50% after adjusting for inflation.

50% sounds good, but not so good compared to nearly 4,000%. When people can't afford food or rent, they don't have savings to put in Bitcoin. This administration has created the greatest inflation in the history of our country, and that's what happened, and our people have been robbed.

Control inflation

From day one when we return to the White House, we will replace the Biden-Harris economic stagnation with a brand new Trump economic boom. You're going to see a huge boom. You know, there are a lot of great analysts, Scott and others, who say the stock market is going up because Trump will be elected. If Trump is not elected, this country will go into a depression like the Great Depression of 1929.

I wish that wasn't true, but I understand their point of view. They think the stock market is going up because it looks like we're going to win the election, but I don't know what's going to happen with the election. You know they (the Biden administration) cheated so badly, I don't know what's going to happen, but if we win, this country will be a boom town, it will have a boom like it's never had.

The current administration's economic plan includes trillions in new spending and $5 trillion in tax increases. They want to raise $5 trillion in taxes. They want the Trump tax cuts to expire. They want a wealth confiscation tax so that when you make all the money and employ all the people, they want to take your money in the form of unprecedented taxes, including a massive capital gains tax of over 50%. My plan is the exact opposite. We will lift up workers, make more people savers, and reward success, not punish it. They want to punish success, punish genius.

I will not let that happen. I will make the Trump tax cuts permanent and provide big tax cuts for families, individuals, and job-creating businesses, including no tax on tips. When the tip tax is eliminated, I will cut unnecessary and burdensome regulations, and I work every day to make America the best place in the world to start a business, including a cryptocurrency business. It will be the best place, you won't have to go to other countries, and most importantly for my citizens, we will quickly end the inflation nightmare that this administration has created. It has to end, it's destroying our country.

You know, inflation is a nation destroyer. You can look back to Germany many years ago and see what happened during their great inflation, which destroyed the entire country. I'm telling you, Bitcoiners, you recognized the dangers of inflation long before most. You understood inflation better than anyone else. You knew that, right?

If only they had listened to you, but they didn't. The ridiculous waste of trillions of dollars by our opponents (the Democrats) has resulted in 20%, 30%, even 40% of the value of every dollar being wiped out quickly. You understand that, but many others don't. The life savings of millions of Americans have been quickly destroyed.

In simple terms, uncontrolled inflation is a hidden tax on the middle class, I called it the "Biden tax," now the "Harris tax." But it's a disaster, think about it, it's a 50% tax on the people. It's a human tragedy, it destroys people's lives, it's a national disgrace, it must never happen again, and when I'm president, I guarantee it won't happen again, and we'll take steps to make sure it doesn't happen.

We're going to increase energy supplies to levels that people haven't seen in years, we had $1.87 a liter of oil, now you don't see that. Under my administration, oil prices didn't get affected for four years, and when I left office, the increase was 1.4%. And then it stayed there for almost two years. I remember when Biden promised it was 9%. But it was just a lie.

We gave them (the Biden administration) a great country, and despite the coronavirus, we did an incredible job. We've been giving money to the economy, we've been giving money to the military, we've rebuilt the military, we've done a lot of different things, but we haven't printed money.

We gave them a great country, and then two years later, the cost of living has gone up, in some cases over 50%. They like to say 22%, but it could be higher, depending on what they include and what they don't include. For example, interest rates went from 2.5% to 10%, and you can't make money.

When I get back into the White House, I will stop the crazy and wasteful spending of this administration. I will end the endless wars. They never have. Again, we have no new wars. We have no new wars under your favorite president, Trump. But if you don't elect me, America will be crushed.

They think I'm going to start a war, and let me tell you one thing, I will prevent World War III from happening, because we haven't been this close to a world war since the end of World War II.

I will seal the borders and stop the millions of people coming into our country illegally. We will quickly defeat inflation and together we will bring back the American Dream for citizens of every race, religion, color and creed. We will bring back the American Dream and you won't even hear the word "American Dream" anymore.

We used to talk about the American Dream and many of you are chasing the American Dream, but if you don't elect me, you will be crushed. I hate to tell you that. If you don't elect me, you will be crushed. You will then say what a big mistake it was.

We chose someone who has no talent and has failed in almost everything she has done instead of Trump. Look where we are now, we are moving from our beautiful house to a tinny house.

We will end the war on American energy and we will very simply start drilling, drilling, drilling. We have to do this, this is a resource we have. We have more liquid gold than any country in the world, more than Saudi Arabia and Russia. We don't use it. They use it, we don't use it, we go to Venezuela to buy oil.

But we won't stop there, we will use all forms of American energy. I have set an ambitious goal that by the end of my term, the United States will have the lowest energy and electricity costs in the world. With low energy prices, the United States will become the undisputed Bitcoin banking processing center in the world, and you won't have to immigrate your family to other countries. When we implement these reforms, Bitcoin and cryptocurrencies will strengthen our economy, strengthen the dominance of American finance, and continue the power of our entire country.

US Government Holds Bitcoin

Many Americans don't realize that the US government is one of the largest holders of Bitcoin. Does anyone know? The President of the United States has nearly 2.1 million Bitcoins, which is 1% of the circulating supply. But our government is breaking Washington law that every Bitcoin holder knows, don't sell your Bitcoin! As a final statement today, I am announcing that if I am elected President, this will be the policy I will introduce: the U.S. government will retain 100% of the Bitcoin currently held as part of the final rollout of the U.S. government.

As you know, most of the Bitcoin currently held by the U.S. government was acquired through legal action. They took it from you, they took your lives, they took your families, your homes, your virtual currency. That's the direction this country is heading, it's a fascist regime. So, today I reaffirm my commitment to commuting Ross Albrecht's sentence to time served as I take steps to transform that great wealth into a permanent national asset that benefits all Americans.

This is where our country is right now. Ultimately, my commitment to each and every one of you is this: I will be the pro-innovation, pro-Bitcoin president that America needs and that our citizens deserve. It will be an industry, but it will be an industry that generates growth, and a great industry. I will do the same thing for every other industry as well. Our nation has never tried to block new ideas, block the dreams of our people. America has always put our flag on the front line of the future and marched forward courageously.

We have to do this, we haven't done it in a long time, especially in the past three and a half years.

With the history and experience of your field of expertise (cryptocurrency), you and America's future are built on your own wisdom, your own determination, and your own muscle, which takes courage, but most people don't have that courage. My mission is to free you to do what Americans do best, better than anyone else. We are going to win, win, win, win.

Our country cannot fail. We are a failed state now, but we will not fail forever. With your help, we will save our country, we will restore our democracy, and we will make America and Bitcoin better, richer, freer, and greater.

Thank you, bless you, thank you!

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