Trump Claims Bitcoin is Headed to the Moon and Will Hold It as a Strategic Reserve Asset

Former President Donald Trump has voiced strong support for Bitcoin, asserting that if he is reelected, he plans to integrate Bitcoin as a strategic reserve asset for the United States.

During his keynote address at the Bitcoin Conference in Nashville, Trump highlighted that the true threat to the dominance of the US Dollar lies not with Bitcoin, but rather with the policy decisions made in Washington, DC.

In his remarks, Trump declared his intention to instruct the Treasury Department to halt efforts aimed at developing a central bank digital currency (CBDC).

He described Bitcoin as “not just a marvel of technology, but a miracle of cooperation and human achievement,” and vowed to put an end to what he termed the ‘persecution’ of the cryptocurrency sector should he regain the presidency.

Additionally, Trump stated that he would remove the current Securities and Exchange Commission (SEC) Chairman, Gary Gensler, on his first day back in office.

His statements indicate a stark contrast to the current administration’s approach to cryptocurrency regulation and oversight.

In his vision for the future, Trump predicted that Bitcoin’s market capitalization could potentially exceed that of gold and called for the United States to become the “crypto capital of the planet,” signaling a significant policy shift toward digital currencies if he were to win the presidential election.

As of 17:06 EST, Bitcoin’s price had increased by approximately 1% on the day.