[Summary of Trump’s Bitcoin conference remarks]
*Explaining ‘Why a Presidential Candidate Push Bitcoin’
*remarks on policy after election
*Bitcoin’s Strategic Asset Adoption
*general review
Right before the event, the price of Bitcoin rose by more than 69,000 dollars. Expectations were quite high in the market, but it seems that they defended well enough without damaging it very much.
In particular, regarding the adoption of Bitcoin strategic assets, the US government emphasized “100% holding,” which is relatively free of political burden, without mentioning how to collect Bitcoin. And the ability to connect it to investors gathered at the conference by saying “Never Cell Your Bitcoin” is impressive.
The U.S. currently has more than 210,000 Bitcoin. So, it can function as a strategic asset just by holding it. From the market’s point of view, the possibility of adopting strategic assets was cheered because of the realistic effect of the 210,000 Bitcoin held by the U.S. not appearing on the market and not selling. Although it did not use provocative wording, it is expected to meet market expectations to a large extent
On the one hand, it’s amazing to see a leading U.S. presidential candidate come to the Bitcoin conference and give a normal speech for nearly an hour while making national strategy calls.
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