Former US President Donald Trump is ready to make a extremely anticipated look as a keynote speaker on the upcoming Bitcoin 2024 Convention in Nashville, scheduled from July 25-27. This has created a buzz of pleasure amongst crypto traders as rumors recommend that Trump might ship a major announcement throughout his speech.
Bitcoin To Turn into Strategic Reserve Asset For The US?
Based on Dennis Porter, co-founder of the non-profit group Satoshi Act, Donald Trump intends to unveil BTC as a strategic reserve asset for the US.
Satisfied of this truth, Porter claimed, “That is no joke. My sources are credible.” Porter added that Bitcoin as a strategic reserve asset for the US Treasury is a “no brainer.”
…The paradigm will shift and the world will perceive they need to even have a Bitcoin place.
Nevertheless, this report is but to be confirmed by Donald Trump, his workers, or any exterior sources. Due to this fact, and till such affirmation is offered, Porter’s claims should be taken with a grain of salt and regarded hypothesis.
Leaders Discover Strategic Reserve Prospects
As reported by Bitcoinist, Bitcoin-friendly political leaders have lengthy advocated for contemplating BTC as a strategic reserve asset. Certainly one of them, Vivek Ramaswamy, a former presidential candidate, has been advising Trump on Bitcoin and digital property since January.
Ramaswamy proposed backing the US greenback with a basket of commodities, together with Bitcoin, to fight inflation and preserve the forex’s worth over time.
Then again, David Bailey, CEO of Bitcoin Journal and an advisor to the Trump marketing campaign, has explored the theoretical impacts of the US adopting BTC as a strategic reserve asset.
Bailey’s imaginative and prescient includes securing a major BTC reserve for the US Treasury by timelocking the 210,000 BTC held by the USA for 100 years.
Including to the hypothesis surrounding elevated pro-Bitcoin and crypto measures, Donald Trump just lately introduced that Senator JD Vance, a notable proponent of cryptocurrencies, will be part of his ticket because the vice-presidential candidate for the 2024 election.
On the time of writing the most important cryptocurrency available on the market was buying and selling at $63,870.
Featured picture from DALL-E, chart from TradingView.com
