The 2024 Nashville BTC Conference welcomed its most heavyweight guest speaker, former president Donald Trump. Trump delivered an exciting speech, outlining his vision for the future of BTC and cryptocurrency. He spoke for a full 40 minutes, reviewing his achievements during his term and proposing a series of policies and plans aimed at promoting the United States as a global cryptocurrency hub.
Here is the full text of Trump's speech at the Nashville BTC Conference 2024, as compiled by Odaily Planet Daily:
Our country is very lucky to have the extraordinary talents, vitality and talents of all the representatives present. This is really amazing. Genius.
Not everyone, but many of you in this room. This spirit is the spirit of America's builders, and this spirit will help us make America great again. Today, standing before you, I am filled with respect and admiration for the achievements of the Bitcoin community.
Unbelievable. Really. I often tell my sons, it's incredible because they know a lot about BTC. Their understanding of it far exceeds that of older people. I say, it's like the steel industry 100 years ago. Indeed. I think you are still in the early stages. I can see it all happening. In just 15 short years, BTC has gone from an anonymously posted idea on an internet message board to the world's ninth most valuable asset. Can you believe it? Right? This is a big deal. It's already bigger than Exxon Mobil. Soon it will surpass the market capitalization of the entire silver market. That's a goal, isn't it? One day, it might surpass gold. Given the current trend, this is entirely possible. Nothing like this has ever happened in the world. I don't think you've ever seen anything like it either. Most people have no idea what it is. You do.
Right?
So, what will happen when they understand? That will be very interesting. BTC is not just a technological miracle, you know, it is also a miracle of collaboration and human achievement. Many relationships have been established in this process, forming a good friendship at roundtable meetings with many leaders. Very interesting. Obviously, there is competition, but there are also relationships and friendships between many people. I noticed this. I usually don't see this kind of situation, usually I see the opposite.
They want to kill each other. These people have good feelings. They are also very smart. Congratulations on all your achievements. This room is amazing. The people here are all high IQ people. I'm competing with a low IQ person (referring to Harris). I'm not joking. She's a low IQ person.
The reason I'm here to address the BTC community today can be summed up in simple terms: America first. Because if we don't do it, China will do it, and other countries will do it. Let's do it, and let's do it well.
My vision is a America that leads the future. We have the best economy, the highest standard of living. China is trying to lead and they have made too much progress. And we hope they succeed, we hope China succeeds. But we must be the most successful. It's important that we lead and set the standards.
What will happen?
I hope that the United States can be in a leading position in technology, science, manufacturing, and artificial intelligence. My uncle, Dr. John Trump, is a professor at the Massachusetts Institute of Technology. He is very suitable to be with all of you present, which is why I mentioned him. He is one of the longest-serving professors in the history of the Massachusetts Institute of Technology. Our family is very smart, and he has obtained three different degrees. They invited him to stay on as a professor, and he has been there for 41 years. When I was in the White House, the president of the Massachusetts Institute of Technology gave me a book about my uncle. He is a legendary figure in the academic world and at the Massachusetts Institute of Technology. So I know a lot about your work, and I have great respect for people like you with high intelligence.
The fate of the United States is to lead our opponents and never hand over our industries. Some of you are engaged in artificial intelligence, but you also need something called electricity. Artificial intelligence requires a large amount of electricity. China is more likely to achieve this because we have environmental impact assessments to do, but we will do things that no one thinks possible. You need a large amount of electricity, twice the current power supply in the United States, to take the lead. We will do this. We will generate electricity using fossil fuels and nuclear power in an environmentally friendly way. We will create such a long power supply that you will say, 'Please, Mr. President, we don't need a longer power supply.'
In the Midwest, they have just set up charging stations for electric cars. You know, I really like Elon. He's great. He supports me, and that's great support. But not everyone has to own an electric car. I told him that. So we will cancel that requirement. Some people like gasoline cars, some people like hybrid cars, some people like electric cars. They are all good. I think what Elon is doing is great, and he understands that too. If he didn't understand, he might not support me anymore.
But they built these charging stations in the Midwest. There are eight of them, and it cost 90 billion dollars to build. At this rate, building charging stations nationwide will cost about 12 trillion dollars. If these charging stations stop working, the country will have to file for bankruptcy protection. We must use our brains, we must be a party of common sense.
Okay?
We must have common sense. But we do need to generate a large amount of electricity to support artificial intelligence and everything you are doing. We will produce it. We will be able to compete with China and other countries. So we will produce it.
This afternoon, I will provide a detailed plan to ensure that the United States becomes the capital of global Cryptocurrency and a superpower of BTC. We will achieve this goal. If Cryptocurrency is going to define the future, I want it to be mined, minted and produced in the United States, not elsewhere. If BTC is going to 'reach the moon' as we say, I want the United States to lead the trend. This will happen. You will be very satisfied with me, and you will be very happy.
That's why I'm proud to be the first major party candidate in American history to accept BTC and Cryptocurrency donations. And let me tell you, they've donated a lot, and I'm grateful. Since we announced this on May 21st, we've raised 25 billion dollars, much of it in BTC, Cryptocurrency, and other forms of assets.
But as you know, our excitement about the future of Bitcoin and cryptocurrency is very different from our opponents' approach. They take the old-fashioned way, while we take the middle path. In terms of competition, we are very different from others. We understand it, while they don't. They are hindering your path.
I made your life easier long ago because the Securities and Exchange Commission (SEC) has always been tough on you. Now they see that you support me, and suddenly those who were once under investigation no longer face the same scrutiny. So please say, 'Thank you, President Trump.'
They did it because I heard some of your great geniuses talk to me about it. I've heard Vivek say that there are 175 million people involved in this world of Cryptocurrency and BTC in some form. 175 million. When they heard the number, they said, "At least be nice to them before the elections." ”
So I relieved a lot of people's stress. Many people who are happy today weren't that happy three months ago.
In the past three and a half years, the current government has launched an unprecedented war on Cryptocurrency and BTC. For those who are not in this industry, they have targeted your bank and cut off your Financial Service. Have you seen this situation before? Yes, they have seen it. They prevent ordinary Americans from transferring funds to your exchange. They slander us as criminals. I have also experienced it because I said the election was manipulated. They said, 'He should spend the rest of his life in prison for this statement.' Of course, they also say this about us, which is really...
By the way, our election situation is very good. You know, we recently lost a candidate, Biden. You might think that we lost a good person, but in fact, he is a terrible person, to be honest. So don't feel sad.
We have an even worse candidate. But I made an analogy last night. Think about it: I spoke in front of a very powerful, influential, and religious group - Christians, evangelicals. And today, I'm speaking in front of BTC enthusiasts. Now I'm going to hold a rally in Minnesota. You think my life is wonderful, don't you? But please remember, I cover a lot of ground. From religion to BTC to rallies. I won't mix it up like others who would say, 'May God bless everyone involved in the BTC world.' But in reality, we are serious because you need blessings to do some amazing things.
Last night we spent a wonderful time with Christians, mainly Christians, a Christian group. It was great. Then we had a very big rally in Minnesota. Since 1972, we haven't won here once, it was Richard Nixon at the time. Can you believe it? I think we are leading in Minnesota, but there is some unfair behavior there. But I think we are doing well. So we will leave here and go there to hold a large rally. It's really an honor to be with you all.
Sadly, when we see attacks on Cryptocurrency, it is a larger part of the same group of left-wing fascist elements who weaponize anything that threatens their power using government. They did it to me too. Did you see it? I just won a big case in Florida. Thank you very much. It's a document case. I have the Presidential Records Act on my side. By the way, Biden has it too, but he deserves to die a million deaths, and we won't prosecute him because he is incompetent. I won this case in a traditional way. It's called victory. I want to win this case in the way Trump wins cases because they call him incompetent. Think about it. So they call him incompetent, but he's incompetent in the trial, but he's not incompetent in governing. How can that be?
He is no longer doing it now because he did poorly in the debate. Did anyone watch the debate? Not too many people. Someone said to me, 'You did poorly in the debate.' I asked why. He said it's because he couldn't move forward no matter what. He said, 'I understand.' That's exactly what happened. In fact, we had a great debate, actually a fantastic one.
Hey, look, you have to open your eyes. You have to see what's happening. We have a country to run. The problem is, Kamala is even worse. She's a far-left lunatic, advocating defunding the police and various other things. So far, she's still on her honeymoon. But when people get to know her - by the way, she's against Cryptocurrency. Very much against it. So I just want you to know, you have to go out and vote. Not surprisingly, these same authoritarian types are against Cryptocurrency and trying to eliminate it. That's what they want to do, and that's what they're saying. Now, you have the Securities and Exchange Commission. You know what they're doing: eliminating BTC.
The reason is clear: BTC represents freedom, sovereignty, and independence from government coercion and control. The suppression of cryptocurrency and BTC by the Biden-Harris administration is wrong and very detrimental to our country. This is un-American. As you know, six days ago, we officially defeated the worst president in American history. I believe he is the worst president in American history.
Think about it. Millions of people poured into our country. They come from prisons, mental hospitals, lunatic asylums, and even terrorists. We are now the country with the most terrorists in the world, the same Israelis that you have just heard about. They are coming in and no one is checking them. No one knows what happened. It's completely unclear to us what's going on. They have lost control of our country, only bad things will happen.
Not like that. We won't let that happen. We're beating them and we're beating them badly. And we have to make sure that we win for our country. You can't be a fighter and then all of a sudden you're not allowed to fight. If he's down 15, 16, 17 points, they say, 'Oh, he can't win.' You can't ever be allowed to lose. You can't let that happen to our country. You can't let it happen. You've got to get every one of your friends, and you've got to get every one of your family, and you've got to get every one of your acquaintances. And you've got to go out and you've got to fight, and you've got to win. And I will tell you this: We have to win. We have no choice. We have to win.01928374656574839201
Imagine this: You work hard, campaign, spend a lot of money, a lot of time, a lot of energy, but you lose. Then they say, 'Let's take him out of the competition. We'll replace him with a new player.' The new player is her, maybe my second choice. He's always my first choice, but she'll be my second choice.
Again, if we don't win this game - I know you're not that into politics, but you have to follow politics because there's a lot of politics involved in what you do. If we don't win this game, this country could be screwed. If this country is going to be under their control, we have to be a part of it. We have to fight, we have to win.
I assure the BTC community that on the day I take office, Joe Biden and Kamala Harris's anti-Cryptocurrency movement will end. It will end. It will be completed. The persecution will stop the weaponization of your industry will end the moment I take office. As long as I'm in the White House, Elizabeth Warren and her henchmen - they're very nasty to you, hate everything about you - won't touch BTC. They won't touch Cryptocurrency. They will let it grow. We will let it grow.
On the first day of my tenure, I will dismiss Gary Gensler and appoint a new SEC chairman who believes that America should build the future rather than hinder it. This is exactly what they want. (Odaily Note: Everyone stands up and applauds)
Wow, I didn't expect this to be so popular. Let me say it again: On my first day in office, I will fire Gary Gensler.
And Harris wants him to be Secretary of the Treasury. That's not good. He used to be Hillary Clinton's financial responsible person. Do you know? Hillary, she's a bad person. Do you remember Hillary? Do you remember he was the finance chair of Hillary Clinton's campaign team? Against that gentleman called Donald Trump? He's not popular at all. In fact, he attended my wedding, you know? Our First Lady Melania was also there, Hillary and Bill came too. Things really changed during the campaign.
As president, I will immediately shut down "Operation Choke Point 2.0". They want to kill your business. We're not going to let that happen. Your government will no longer sit idly by and watch BTC jobs and businesses flee to other countries because United States laws are too unclear, too harsh, too angry, too rigid. We will keep every BTC job in United States. That's what we're going to do. As soon as I take office, I will immediately set up a presidential advisory board for BTC and Cryptocurrency. Would anyone like to join this particular committee?
Their task is to design transparent regulatory guidance for the entire industry, and they will accomplish this. Within 100 days, we will have corresponding regulations, but from now on, these rules will be formulated by people who love your industry, not those who hate it. These people want regulations to be clear, simple, direct, and fair, and they want to see your industry thrive, not fail.
Next, I will immediately order the Treasury Department and other federal agencies to stop all necessary steps. There is one thing happening in your industry - they are looking to move towards creating central bank Digital Money. Forget about it. There will never be central bank Digital Money while I am President of the United States. I will always defend the rights of self-custody and sovereignty. We will have a great industry. You will have a great industry, and we will promote the development of your industry, not destroy it. America will once again become a country that protects property rights, privacy, freedom of transaction, freedom of association, and freedom of speech. We will change and return to the days when we were a building nation, not a nation devouring itself from within.
As part of our efforts to provide regulatory clarity, we will create a framework to achieve the safe and responsible expansion of stablecoins. Do you know what stablecoins are? Does anyone know? Please raise your hand. This will allow us to expand the dominance of the US dollar and establish new frontiers worldwide. The United States will be wealthier, the world will be better, and billions of people will be brought into the encryption economy, storing their savings in BTC.
Those who say BTC threatens the US dollar have it completely backwards. I believe the opposite is true. BTC does not threaten the US dollar. It is the current actions of the US government that truly threaten the US dollar. The danger to our financial future does not come from Cryptocurrency, but from Washington, D.C. It comes from trillions of dollars of waste, rampant inflation, and open borders, while providing benefits and free medical care to millions of illegal immigrants flooding into our country.
It comes from printing 100s of billions of dollars to fund endless wars overseas, and our cities are like war zones. Just two weeks ago, in Chicago, 117 people were shot in seven days. Afghanistan doesn't have that kind of situation.
You know, think about these places, look at what has happened in our city, what has happened in the past three years, three and a half years. No one has ever seen such a thing. Think about it: on Independence Day weekend, 117 people were shot. One hundred and seventeen people, with 17 deaths. This is America. I don't think it's like this.
By the way, when I became president, we didn't have new wars. We didn't start any wars. Remember when Hillary said I would wage war? Look at her personality. No, I said my personality would keep us out of war. We've ended some old wars, like ISIS, which they said would take five years or more to defeat. We did it in four weeks. Actually, some people said it would take longer, but we have a great military. By the way, this is not an awakened military. Maybe some people in high places are awakened, but our military is not. I witnessed this firsthand. They did things that nobody thought was possible.
Our real generals and soldiers are not awakened. They try to awaken, but these people will not awaken. I can assure you of this. With your support, in November this year, we will restore power and common sense to our nation's capital. Because ultimately, this is not about conservatism, freedom, or progress. They like the word 'progress' because it sounds good, right? But it will destroy our country. It has actually become a terrible word. It will destroy our country. This is about common sense. We want to bring back common sense. What we are discussing today is all common sense. BTC and cryptocurrency will soar like never before, even beyond your expectations. It is because of your efforts that we can stop the war on cryptocurrency.
We will immediately begin to rebuild our economy, because when the United States prospers, BTC will also soar. We once had the greatest economy, and we will have it again soon.
During the Trump administration, the typical middle-class family saw an annual increase of $6,000 in income. People don't like to mention this. As a result, Americans have more money to save, more than at any time in decades. During my four years in office, Bitcoin rose 3900%, from $898 when I took office to $35,900. That's almost the largest rise in any industry. Think about it.
Now, compare what we've seen in the three and a half years of Biden and Harris. Inflationrise has risen by 50%. Now, 50% sounds good, but not so much when you compare it to almost 4000%, right? Usually, you would say, "Oh, 50% sounds good." But when people can't afford food or rent, and have no savings to invest in Bitcoin, this administration has caused the largest Inflation in our country's history. Our people are being eradicated.
From the first day we take back the White House, we will replace the Biden-Harris economic stagnation with a brand new Trump economic prosperity. You will see a tremendous prosperity. You know, there are many great analysts out there. Scott, I'm talking about you, Scott, you're one of the greatest.
Other people are saying that the stock market is pumping because they believe Trump will be elected. If Trump is not elected, they believe that the country will fall into a depression like the Great Depression of 1929. I hope that's not true, but I understand why they say that. The stock market is pumping because it looks like we're going to win the election. I don't know what's going to happen with the election. You know, they cheat a lot, and I don't know what's going to happen. But if we win, this country will be a prosperous city. It will be more prosperous than ever before.
The current government's economic plan includes trillions of dollars in new spending and five trillion dollars in tax increases. They want to increase tax revenue by five trillion dollars. They hope Trump's tax cuts will expire. They want to impose a wealth confiscation tax, which means that when you earn all the money and hire all these people, they want to take your money in the form of unprecedented taxes and huge capital gains taxes, which will exceed 50% in many states.
My plan is completely the opposite. We will empower the workers, making many people savers. We will reward success instead of punishing it. They want to punish success and genius. We will not let this happen.
I will make Trump's tax cuts permanent and provide massive tax cuts for families, individuals, and job-creating businesses. This includes eliminating the tip tax. You know, right? We will repeal the tip tax.
I will cut unnecessary and burdensome regulations. Working every day to make America the best place in the world for entrepreneurship, including the Cryptocurrency business. This will be the best place. You don't have to go to China, you don't have to learn Chinese. I have a little granddaughter who speaks fluent Chinese. Can you believe it? It's a great thing, but not easy. But you don't have to do that. The most important thing for our citizens is that we will end the inflation nightmare created by this government and end it quickly. It must end. It is destroying our country. You know, Inflation can destroy a country. You can go back to Germany many years ago. Look at what happened to Germany during the huge Inflation. It destroyed the country. It is a country destroyer.
You BTC supporters, I say to you, you recognized the dangers of inflation long before most people. You know Inflation better than anyone. If only they had listened to you. They didn't listen to you. The ridiculous waste of trillions of dollars approved by our opponents has led to the inflationary catastrophe that BTC proponents have been predicting. The value of every dollar is quickly erased by 20%, 30%, or even 40%. You understand that, but a lot of other people don't. The life savings of millions of United States were quickly destroyed. Runaway Inflation is an invisible tax on the middle class. Indeed it is. It's a hidden tax. I call it the "Biden Tax." Now, I call it the "Harris Tax" or the "Harris-Biden Tax" or what we're going to call them. But it was a disaster. This is a 50% tax levied on people.
This is a human tragedy, and it is destroying people. It is a national disgrace, and it is destroying everything. We must not allow it to happen again. And it won't happen. When I become president, I assure you it will not happen, because we will take measures to ensure it doesn't happen. They let prices spiral out of control. We will address the energy issue and bring prices down to levels not seen in years. We once brought gasoline prices down to $1.87 per gallon. You don't see that kind of price now.
In my four years of leadership, we had almost no Inflation. When I left office, the inflation rate was 1.4%, and it remained that way for nearly two years. Do you remember Biden saying he inherited a 9% inflation rate? That's just another lie, misinformation, wrong information. We gave them a red-hot economy. We went through COVID and did very well. But we never got credit for it. It's always the economy and the military that get the credit. We rebuilt the military, created the Space Force. We did a lot of different things, but we never got credit for it.
Did you know? We gave them a great country without inflation. Two years later, they pushed this country and inflation to the peak. The cost of living has pumped by over 50% in some cases. They said it was 22%, but based on what they included, it could be long. They did not include factors such as Intrerest Rate rising from 2.5% to 10%, which made it impossible for people to borrow money.
When I return to the White House, I will put an end to the madness and wasteful spending of this administration. I will end endless wars. Let me say it again, we did not have any new wars during your favorite President Trump's tenure. They thought I would start a war. Let me tell you something: I will prevent World War III because we are now closer to World War III than at any time since the end of World War II. I will secure the border and stop the millions of illegal people from pouring into our country. We will defeat inflation completely and revive the American dream for citizens of every race, religion, color, and belief. We will revive the American dream. You won't hear the words 'American dream' anymore. You won't hear these words anymore. We used to talk about the American dream. Many of you are living the American dream, but if you don't choose me, you will be destroyed. I hate to tell you, but if you don't choose me, you will be destroyed. You will say, 'What a big mistake. We chose someone without talent. She failed at almost everything, instead of choosing Trump. Look at our situation now. We will move from a beautiful house to a tiny house.'
We will end the war on American energy, we will simply drill, baby, drill. We want to drill, baby, drill. (Odaily note: the original text is Drill baby drill, the 2008 Republican campaign manifesto) We have more liquid gold under our feet than any country, long 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. It's unbelievable.
But we will not 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. We can do this very cheaply because we have abundant resources at our feet. With low energy costs, the United States will become the world's recognized BTCMining powerhouse. You will become a BTCMining powerhouse. You don't have to move your family to China. You will not move to China.
As we implement reforms, BTC and Cryptocurrency will drive our economy to rise, consolidate America's financial dominance, and enhance the strength of the entire country for a long time to come. Many Americans are unaware that the US government is one of the largest holders of BTC.
Does anyone know? The federal government owns nearly 210,000 BTC, which accounts for 1% of the total supply. But our government has long violated the basic principle that every BTC enthusiast knows: 'HODL, don't sell.' (Odaily note: the original text is HODL) Right? How can I understand this? Never sell your BTC.
So, as the last part of my plan today, I announce that if elected, my government's policy will be that the United States will hold or acquire all BTC currently held or obtained in the future 100%. We will hold 100%. Hope you do well. This will actually serve as the core of the strategic national BTC reserve.
As you know, the majority of BTC currently held by the United States government was acquired through enforcement actions. You know - they took it from you. "Let's take that person's life, take his family, his house, his BTC." They have been taken from you, because this is the direction we are taking now. This is the direction of the country under this fascist regime.
We will take measures to transform this huge wealth into permanent national assets, benefiting all Americans. Today, I reaffirm my commitment to commute the sentence of Ross Ulbricht, who has already served enough time. This is the essence of our country.
In the end, my commitment to everyone is that I will be the president that America needs to support innovation and BTC. This will be a prosperous and great industry. I will do the same for other industries as well. Our country has never thrived by censoring new ideas and stifling people's dreams.
The United States always puts its flag at the forefront and boldly pushes forward. We must do the same. We haven't done this for a long time, especially in the past three and a half years, the situation is completely the opposite.
You have inherited the legacy of several generations of American pioneers, patriots, adventurers, and rebels who settled this continent and built the modern world. You are on the forefront. You know it, BTC enthusiasts, don't you? You are the modern-day Edisons, Wright Brothers, Edisons, and Henry Fords. What you may accomplish in your lifetime may surpass all of us and inspire generations.
Today will go down in history as a very important day for your industry. You are using your wisdom, courage, and personal commitment to build the future of America. You have put in a lot, and this is what you are doing. It takes courage. Most people do not have this courage.
My job will be to make you free, to do what you do best - you will do better than anyone: win, win, win. You will win with our rare energy, passion, and wisdom. Our country cannot fail. We are a failing country now, but not for long. Our country cannot fail. With your help, we will save our country, restore our republic, make America and BTC greater, better, stronger, richer, freer, and greater than ever before.
Thank you, everyone. I hope you have fun in BTC and Cryptocurrency, as well as other work. We will make this one of the greatest industries on Earth. Good luck to you all. God bless you. Thank you. God bless you. Thank you.
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GateUser-e9213a52
· 2024-07-28 09:59
q
Reply0
Poppy_sSidekick丨Quant
· 2024-07-28 01:54
Support! come on! BTC charge forward!
View OriginalReply0
IAmHaifeng
· 2024-07-28 00:40
Ambush 100x coin 📈 Grasp the trend and make a crazy profit in 2024! 💸 Bitcoin Halving, just do it! 👊
View OriginalReply0
LuckyStar
· 2024-07-27 23:51
All in All in 🙌
View OriginalReply0
GateUser-3837f3db
· 2024-07-27 23:17
bull回速归 🐂
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BettingOnDogDragon15
· 2024-07-27 22:37
The full text of Trump's speech at the BTC Conference 2024: Establishing BTC strategic reserves, firing Gary Gensler All in All in 🙌
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GateUser-593fda32
· 2024-07-27 22:25
To The Moon 🌕
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Don_tUnderstand
· 2024-07-27 21:50
A merchant full of nonsense, don't believe a word a merchant says, the logic behind it doesn't hold up to scrutiny.
Full text of Trump's speech at the BTC Conference 2024: Establishing a strategic reserve for BTC and firing Gary Gensler
Original｜Odaily Planet Daily
Author | jk
The 2024 Nashville BTC Conference welcomed its most heavyweight guest speaker, former president Donald Trump. Trump delivered an exciting speech, outlining his vision for the future of BTC and cryptocurrency. He spoke for a full 40 minutes, reviewing his achievements during his term and proposing a series of policies and plans aimed at promoting the United States as a global cryptocurrency hub.
Here is the full text of Trump's speech at the Nashville BTC Conference 2024, as compiled by Odaily Planet Daily:
Our country is very lucky to have the extraordinary talents, vitality and talents of all the representatives present. This is really amazing. Genius.
Not everyone, but many of you in this room. This spirit is the spirit of America's builders, and this spirit will help us make America great again. Today, standing before you, I am filled with respect and admiration for the achievements of the Bitcoin community.
Unbelievable. Really. I often tell my sons, it's incredible because they know a lot about BTC. Their understanding of it far exceeds that of older people. I say, it's like the steel industry 100 years ago. Indeed. I think you are still in the early stages. I can see it all happening. In just 15 short years, BTC has gone from an anonymously posted idea on an internet message board to the world's ninth most valuable asset. Can you believe it? Right? This is a big deal. It's already bigger than Exxon Mobil. Soon it will surpass the market capitalization of the entire silver market. That's a goal, isn't it? One day, it might surpass gold. Given the current trend, this is entirely possible. Nothing like this has ever happened in the world. I don't think you've ever seen anything like it either. Most people have no idea what it is. You do.
Right?
So, what will happen when they understand? That will be very interesting. BTC is not just a technological miracle, you know, it is also a miracle of collaboration and human achievement. Many relationships have been established in this process, forming a good friendship at roundtable meetings with many leaders. Very interesting. Obviously, there is competition, but there are also relationships and friendships between many people. I noticed this. I usually don't see this kind of situation, usually I see the opposite.
They want to kill each other. These people have good feelings. They are also very smart. Congratulations on all your achievements. This room is amazing. The people here are all high IQ people. I'm competing with a low IQ person (referring to Harris). I'm not joking. She's a low IQ person.
The reason I'm here to address the BTC community today can be summed up in simple terms: America first. Because if we don't do it, China will do it, and other countries will do it. Let's do it, and let's do it well.
My vision is a America that leads the future. We have the best economy, the highest standard of living. China is trying to lead and they have made too much progress. And we hope they succeed, we hope China succeeds. But we must be the most successful. It's important that we lead and set the standards.
What will happen?
I hope that the United States can be in a leading position in technology, science, manufacturing, and artificial intelligence. My uncle, Dr. John Trump, is a professor at the Massachusetts Institute of Technology. He is very suitable to be with all of you present, which is why I mentioned him. He is one of the longest-serving professors in the history of the Massachusetts Institute of Technology. Our family is very smart, and he has obtained three different degrees. They invited him to stay on as a professor, and he has been there for 41 years. When I was in the White House, the president of the Massachusetts Institute of Technology gave me a book about my uncle. He is a legendary figure in the academic world and at the Massachusetts Institute of Technology. So I know a lot about your work, and I have great respect for people like you with high intelligence.
The fate of the United States is to lead our opponents and never hand over our industries. Some of you are engaged in artificial intelligence, but you also need something called electricity. Artificial intelligence requires a large amount of electricity. China is more likely to achieve this because we have environmental impact assessments to do, but we will do things that no one thinks possible. You need a large amount of electricity, twice the current power supply in the United States, to take the lead. We will do this. We will generate electricity using fossil fuels and nuclear power in an environmentally friendly way. We will create such a long power supply that you will say, 'Please, Mr. President, we don't need a longer power supply.'
In the Midwest, they have just set up charging stations for electric cars. You know, I really like Elon. He's great. He supports me, and that's great support. But not everyone has to own an electric car. I told him that. So we will cancel that requirement. Some people like gasoline cars, some people like hybrid cars, some people like electric cars. They are all good. I think what Elon is doing is great, and he understands that too. If he didn't understand, he might not support me anymore.
But they built these charging stations in the Midwest. There are eight of them, and it cost 90 billion dollars to build. At this rate, building charging stations nationwide will cost about 12 trillion dollars. If these charging stations stop working, the country will have to file for bankruptcy protection. We must use our brains, we must be a party of common sense.
Okay?
We must have common sense. But we do need to generate a large amount of electricity to support artificial intelligence and everything you are doing. We will produce it. We will be able to compete with China and other countries. So we will produce it.
This afternoon, I will provide a detailed plan to ensure that the United States becomes the capital of global Cryptocurrency and a superpower of BTC. We will achieve this goal. If Cryptocurrency is going to define the future, I want it to be mined, minted and produced in the United States, not elsewhere. If BTC is going to 'reach the moon' as we say, I want the United States to lead the trend. This will happen. You will be very satisfied with me, and you will be very happy.
That's why I'm proud to be the first major party candidate in American history to accept BTC and Cryptocurrency donations. And let me tell you, they've donated a lot, and I'm grateful. Since we announced this on May 21st, we've raised 25 billion dollars, much of it in BTC, Cryptocurrency, and other forms of assets.
But as you know, our excitement about the future of Bitcoin and cryptocurrency is very different from our opponents' approach. They take the old-fashioned way, while we take the middle path. In terms of competition, we are very different from others. We understand it, while they don't. They are hindering your path.
I made your life easier long ago because the Securities and Exchange Commission (SEC) has always been tough on you. Now they see that you support me, and suddenly those who were once under investigation no longer face the same scrutiny. So please say, 'Thank you, President Trump.'
They did it because I heard some of your great geniuses talk to me about it. I've heard Vivek say that there are 175 million people involved in this world of Cryptocurrency and BTC in some form. 175 million. When they heard the number, they said, "At least be nice to them before the elections." ”
So I relieved a lot of people's stress. Many people who are happy today weren't that happy three months ago.
In the past three and a half years, the current government has launched an unprecedented war on Cryptocurrency and BTC. For those who are not in this industry, they have targeted your bank and cut off your Financial Service. Have you seen this situation before? Yes, they have seen it. They prevent ordinary Americans from transferring funds to your exchange. They slander us as criminals. I have also experienced it because I said the election was manipulated. They said, 'He should spend the rest of his life in prison for this statement.' Of course, they also say this about us, which is really...
By the way, our election situation is very good. You know, we recently lost a candidate, Biden. You might think that we lost a good person, but in fact, he is a terrible person, to be honest. So don't feel sad.
We have an even worse candidate. But I made an analogy last night. Think about it: I spoke in front of a very powerful, influential, and religious group - Christians, evangelicals. And today, I'm speaking in front of BTC enthusiasts. Now I'm going to hold a rally in Minnesota. You think my life is wonderful, don't you? But please remember, I cover a lot of ground. From religion to BTC to rallies. I won't mix it up like others who would say, 'May God bless everyone involved in the BTC world.' But in reality, we are serious because you need blessings to do some amazing things.
Last night we spent a wonderful time with Christians, mainly Christians, a Christian group. It was great. Then we had a very big rally in Minnesota. Since 1972, we haven't won here once, it was Richard Nixon at the time. Can you believe it? I think we are leading in Minnesota, but there is some unfair behavior there. But I think we are doing well. So we will leave here and go there to hold a large rally. It's really an honor to be with you all.
Sadly, when we see attacks on Cryptocurrency, it is a larger part of the same group of left-wing fascist elements who weaponize anything that threatens their power using government. They did it to me too. Did you see it? I just won a big case in Florida. Thank you very much. It's a document case. I have the Presidential Records Act on my side. By the way, Biden has it too, but he deserves to die a million deaths, and we won't prosecute him because he is incompetent. I won this case in a traditional way. It's called victory. I want to win this case in the way Trump wins cases because they call him incompetent. Think about it. So they call him incompetent, but he's incompetent in the trial, but he's not incompetent in governing. How can that be?
He is no longer doing it now because he did poorly in the debate. Did anyone watch the debate? Not too many people. Someone said to me, 'You did poorly in the debate.' I asked why. He said it's because he couldn't move forward no matter what. He said, 'I understand.' That's exactly what happened. In fact, we had a great debate, actually a fantastic one.
Hey, look, you have to open your eyes. You have to see what's happening. We have a country to run. The problem is, Kamala is even worse. She's a far-left lunatic, advocating defunding the police and various other things. So far, she's still on her honeymoon. But when people get to know her - by the way, she's against Cryptocurrency. Very much against it. So I just want you to know, you have to go out and vote. Not surprisingly, these same authoritarian types are against Cryptocurrency and trying to eliminate it. That's what they want to do, and that's what they're saying. Now, you have the Securities and Exchange Commission. You know what they're doing: eliminating BTC.
The reason is clear: BTC represents freedom, sovereignty, and independence from government coercion and control. The suppression of cryptocurrency and BTC by the Biden-Harris administration is wrong and very detrimental to our country. This is un-American. As you know, six days ago, we officially defeated the worst president in American history. I believe he is the worst president in American history.
Think about it. Millions of people poured into our country. They come from prisons, mental hospitals, lunatic asylums, and even terrorists. We are now the country with the most terrorists in the world, the same Israelis that you have just heard about. They are coming in and no one is checking them. No one knows what happened. It's completely unclear to us what's going on. They have lost control of our country, only bad things will happen.
Not like that. We won't let that happen. We're beating them and we're beating them badly. And we have to make sure that we win for our country. You can't be a fighter and then all of a sudden you're not allowed to fight. If he's down 15, 16, 17 points, they say, 'Oh, he can't win.' You can't ever be allowed to lose. You can't let that happen to our country. You can't let it happen. You've got to get every one of your friends, and you've got to get every one of your family, and you've got to get every one of your acquaintances. And you've got to go out and you've got to fight, and you've got to win. And I will tell you this: We have to win. We have no choice. We have to win.01928374656574839201
Imagine this: You work hard, campaign, spend a lot of money, a lot of time, a lot of energy, but you lose. Then they say, 'Let's take him out of the competition. We'll replace him with a new player.' The new player is her, maybe my second choice. He's always my first choice, but she'll be my second choice.
Again, if we don't win this game - I know you're not that into politics, but you have to follow politics because there's a lot of politics involved in what you do. If we don't win this game, this country could be screwed. If this country is going to be under their control, we have to be a part of it. We have to fight, we have to win.
I assure the BTC community that on the day I take office, Joe Biden and Kamala Harris's anti-Cryptocurrency movement will end. It will end. It will be completed. The persecution will stop the weaponization of your industry will end the moment I take office. As long as I'm in the White House, Elizabeth Warren and her henchmen - they're very nasty to you, hate everything about you - won't touch BTC. They won't touch Cryptocurrency. They will let it grow. We will let it grow.
On the first day of my tenure, I will dismiss Gary Gensler and appoint a new SEC chairman who believes that America should build the future rather than hinder it. This is exactly what they want. (Odaily Note: Everyone stands up and applauds)
Wow, I didn't expect this to be so popular. Let me say it again: On my first day in office, I will fire Gary Gensler.
And Harris wants him to be Secretary of the Treasury. That's not good. He used to be Hillary Clinton's financial responsible person. Do you know? Hillary, she's a bad person. Do you remember Hillary? Do you remember he was the finance chair of Hillary Clinton's campaign team? Against that gentleman called Donald Trump? He's not popular at all. In fact, he attended my wedding, you know? Our First Lady Melania was also there, Hillary and Bill came too. Things really changed during the campaign.
As president, I will immediately shut down "Operation Choke Point 2.0". They want to kill your business. We're not going to let that happen. Your government will no longer sit idly by and watch BTC jobs and businesses flee to other countries because United States laws are too unclear, too harsh, too angry, too rigid. We will keep every BTC job in United States. That's what we're going to do. As soon as I take office, I will immediately set up a presidential advisory board for BTC and Cryptocurrency. Would anyone like to join this particular committee?
Their task is to design transparent regulatory guidance for the entire industry, and they will accomplish this. Within 100 days, we will have corresponding regulations, but from now on, these rules will be formulated by people who love your industry, not those who hate it. These people want regulations to be clear, simple, direct, and fair, and they want to see your industry thrive, not fail.
Next, I will immediately order the Treasury Department and other federal agencies to stop all necessary steps. There is one thing happening in your industry - they are looking to move towards creating central bank Digital Money. Forget about it. There will never be central bank Digital Money while I am President of the United States. I will always defend the rights of self-custody and sovereignty. We will have a great industry. You will have a great industry, and we will promote the development of your industry, not destroy it. America will once again become a country that protects property rights, privacy, freedom of transaction, freedom of association, and freedom of speech. We will change and return to the days when we were a building nation, not a nation devouring itself from within.
As part of our efforts to provide regulatory clarity, we will create a framework to achieve the safe and responsible expansion of stablecoins. Do you know what stablecoins are? Does anyone know? Please raise your hand. This will allow us to expand the dominance of the US dollar and establish new frontiers worldwide. The United States will be wealthier, the world will be better, and billions of people will be brought into the encryption economy, storing their savings in BTC.
Those who say BTC threatens the US dollar have it completely backwards. I believe the opposite is true. BTC does not threaten the US dollar. It is the current actions of the US government that truly threaten the US dollar. The danger to our financial future does not come from Cryptocurrency, but from Washington, D.C. It comes from trillions of dollars of waste, rampant inflation, and open borders, while providing benefits and free medical care to millions of illegal immigrants flooding into our country.
It comes from printing 100s of billions of dollars to fund endless wars overseas, and our cities are like war zones. Just two weeks ago, in Chicago, 117 people were shot in seven days. Afghanistan doesn't have that kind of situation.
You know, think about these places, look at what has happened in our city, what has happened in the past three years, three and a half years. No one has ever seen such a thing. Think about it: on Independence Day weekend, 117 people were shot. One hundred and seventeen people, with 17 deaths. This is America. I don't think it's like this.
By the way, when I became president, we didn't have new wars. We didn't start any wars. Remember when Hillary said I would wage war? Look at her personality. No, I said my personality would keep us out of war. We've ended some old wars, like ISIS, which they said would take five years or more to defeat. We did it in four weeks. Actually, some people said it would take longer, but we have a great military. By the way, this is not an awakened military. Maybe some people in high places are awakened, but our military is not. I witnessed this firsthand. They did things that nobody thought was possible.
Our real generals and soldiers are not awakened. They try to awaken, but these people will not awaken. I can assure you of this. With your support, in November this year, we will restore power and common sense to our nation's capital. Because ultimately, this is not about conservatism, freedom, or progress. They like the word 'progress' because it sounds good, right? But it will destroy our country. It has actually become a terrible word. It will destroy our country. This is about common sense. We want to bring back common sense. What we are discussing today is all common sense. BTC and cryptocurrency will soar like never before, even beyond your expectations. It is because of your efforts that we can stop the war on cryptocurrency.
We will immediately begin to rebuild our economy, because when the United States prospers, BTC will also soar. We once had the greatest economy, and we will have it again soon.
During the Trump administration, the typical middle-class family saw an annual increase of $6,000 in income. People don't like to mention this. As a result, Americans have more money to save, more than at any time in decades. During my four years in office, Bitcoin rose 3900%, from $898 when I took office to $35,900. That's almost the largest rise in any industry. Think about it.
Now, compare what we've seen in the three and a half years of Biden and Harris. Inflationrise has risen by 50%. Now, 50% sounds good, but not so much when you compare it to almost 4000%, right? Usually, you would say, "Oh, 50% sounds good." But when people can't afford food or rent, and have no savings to invest in Bitcoin, this administration has caused the largest Inflation in our country's history. Our people are being eradicated.
From the first day we take back the White House, we will replace the Biden-Harris economic stagnation with a brand new Trump economic prosperity. You will see a tremendous prosperity. You know, there are many great analysts out there. Scott, I'm talking about you, Scott, you're one of the greatest.
Other people are saying that the stock market is pumping because they believe Trump will be elected. If Trump is not elected, they believe that the country will fall into a depression like the Great Depression of 1929. I hope that's not true, but I understand why they say that. The stock market is pumping because it looks like we're going to win the election. I don't know what's going to happen with the election. You know, they cheat a lot, and I don't know what's going to happen. But if we win, this country will be a prosperous city. It will be more prosperous than ever before.
The current government's economic plan includes trillions of dollars in new spending and five trillion dollars in tax increases. They want to increase tax revenue by five trillion dollars. They hope Trump's tax cuts will expire. They want to impose a wealth confiscation tax, which means that when you earn all the money and hire all these people, they want to take your money in the form of unprecedented taxes and huge capital gains taxes, which will exceed 50% in many states.
My plan is completely the opposite. We will empower the workers, making many people savers. We will reward success instead of punishing it. They want to punish success and genius. We will not let this happen.
I will make Trump's tax cuts permanent and provide massive tax cuts for families, individuals, and job-creating businesses. This includes eliminating the tip tax. You know, right? We will repeal the tip tax.
I will cut unnecessary and burdensome regulations. Working every day to make America the best place in the world for entrepreneurship, including the Cryptocurrency business. This will be the best place. You don't have to go to China, you don't have to learn Chinese. I have a little granddaughter who speaks fluent Chinese. Can you believe it? It's a great thing, but not easy. But you don't have to do that. The most important thing for our citizens is that we will end the inflation nightmare created by this government and end it quickly. It must end. It is destroying our country. You know, Inflation can destroy a country. You can go back to Germany many years ago. Look at what happened to Germany during the huge Inflation. It destroyed the country. It is a country destroyer.
You BTC supporters, I say to you, you recognized the dangers of inflation long before most people. You know Inflation better than anyone. If only they had listened to you. They didn't listen to you. The ridiculous waste of trillions of dollars approved by our opponents has led to the inflationary catastrophe that BTC proponents have been predicting. The value of every dollar is quickly erased by 20%, 30%, or even 40%. You understand that, but a lot of other people don't. The life savings of millions of United States were quickly destroyed. Runaway Inflation is an invisible tax on the middle class. Indeed it is. It's a hidden tax. I call it the "Biden Tax." Now, I call it the "Harris Tax" or the "Harris-Biden Tax" or what we're going to call them. But it was a disaster. This is a 50% tax levied on people.
This is a human tragedy, and it is destroying people. It is a national disgrace, and it is destroying everything. We must not allow it to happen again. And it won't happen. When I become president, I assure you it will not happen, because we will take measures to ensure it doesn't happen. They let prices spiral out of control. We will address the energy issue and bring prices down to levels not seen in years. We once brought gasoline prices down to $1.87 per gallon. You don't see that kind of price now.
In my four years of leadership, we had almost no Inflation. When I left office, the inflation rate was 1.4%, and it remained that way for nearly two years. Do you remember Biden saying he inherited a 9% inflation rate? That's just another lie, misinformation, wrong information. We gave them a red-hot economy. We went through COVID and did very well. But we never got credit for it. It's always the economy and the military that get the credit. We rebuilt the military, created the Space Force. We did a lot of different things, but we never got credit for it.
Did you know? We gave them a great country without inflation. Two years later, they pushed this country and inflation to the peak. The cost of living has pumped by over 50% in some cases. They said it was 22%, but based on what they included, it could be long. They did not include factors such as Intrerest Rate rising from 2.5% to 10%, which made it impossible for people to borrow money.
When I return to the White House, I will put an end to the madness and wasteful spending of this administration. I will end endless wars. Let me say it again, we did not have any new wars during your favorite President Trump's tenure. They thought I would start a war. Let me tell you something: I will prevent World War III because we are now closer to World War III than at any time since the end of World War II. I will secure the border and stop the millions of illegal people from pouring into our country. We will defeat inflation completely and revive the American dream for citizens of every race, religion, color, and belief. We will revive the American dream. You won't hear the words 'American dream' anymore. You won't hear these words anymore. We used to talk about the American dream. Many of you are living the American dream, but if you don't choose me, you will be destroyed. I hate to tell you, but if you don't choose me, you will be destroyed. You will say, 'What a big mistake. We chose someone without talent. She failed at almost everything, instead of choosing Trump. Look at our situation now. We will move from a beautiful house to a tiny house.'
We will end the war on American energy, we will simply drill, baby, drill. We want to drill, baby, drill. (Odaily note: the original text is Drill baby drill, the 2008 Republican campaign manifesto) We have more liquid gold under our feet than any country, long 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. It's unbelievable.
But we will not 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. We can do this very cheaply because we have abundant resources at our feet. With low energy costs, the United States will become the world's recognized BTCMining powerhouse. You will become a BTCMining powerhouse. You don't have to move your family to China. You will not move to China.
As we implement reforms, BTC and Cryptocurrency will drive our economy to rise, consolidate America's financial dominance, and enhance the strength of the entire country for a long time to come. Many Americans are unaware that the US government is one of the largest holders of BTC.
Does anyone know? The federal government owns nearly 210,000 BTC, which accounts for 1% of the total supply. But our government has long violated the basic principle that every BTC enthusiast knows: 'HODL, don't sell.' (Odaily note: the original text is HODL) Right? How can I understand this? Never sell your BTC.
So, as the last part of my plan today, I announce that if elected, my government's policy will be that the United States will hold or acquire all BTC currently held or obtained in the future 100%. We will hold 100%. Hope you do well. This will actually serve as the core of the strategic national BTC reserve.
As you know, the majority of BTC currently held by the United States government was acquired through enforcement actions. You know - they took it from you. "Let's take that person's life, take his family, his house, his BTC." They have been taken from you, because this is the direction we are taking now. This is the direction of the country under this fascist regime.
We will take measures to transform this huge wealth into permanent national assets, benefiting all Americans. Today, I reaffirm my commitment to commute the sentence of Ross Ulbricht, who has already served enough time. This is the essence of our country.
In the end, my commitment to everyone is that I will be the president that America needs to support innovation and BTC. This will be a prosperous and great industry. I will do the same for other industries as well. Our country has never thrived by censoring new ideas and stifling people's dreams.
The United States always puts its flag at the forefront and boldly pushes forward. We must do the same. We haven't done this for a long time, especially in the past three and a half years, the situation is completely the opposite.
You have inherited the legacy of several generations of American pioneers, patriots, adventurers, and rebels who settled this continent and built the modern world. You are on the forefront. You know it, BTC enthusiasts, don't you? You are the modern-day Edisons, Wright Brothers, Edisons, and Henry Fords. What you may accomplish in your lifetime may surpass all of us and inspire generations.
Today will go down in history as a very important day for your industry. You are using your wisdom, courage, and personal commitment to build the future of America. You have put in a lot, and this is what you are doing. It takes courage. Most people do not have this courage.
My job will be to make you free, to do what you do best - you will do better than anyone: win, win, win. You will win with our rare energy, passion, and wisdom. Our country cannot fail. We are a failing country now, but not for long. Our country cannot fail. With your help, we will save our country, restore our republic, make America and BTC greater, better, stronger, richer, freer, and greater than ever before.
Thank you, everyone. I hope you have fun in BTC and Cryptocurrency, as well as other work. We will make this one of the greatest industries on Earth. Good luck to you all. God bless you. Thank you. God bless you. Thank you.