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Source: Blockchain Knight
It is rumored that former US President Trump will announce a breakthrough news at the “BTC 2024 Conference” held in Nashville.
According to industry insiders,The former president may plan to use BTC as a strategic reserve asset for the United States.
Dennis Porter, co-founder of the Satoshi Action Fund, and Simon Dixon, founder of BnkToThe Future, both shared the rumor on social media, citing reliable sources.
However, these claims have not been confirmed by Trump, his staff, or any publicly external sources.These claims should be considered speculative until they are officially confirmed.
Among Crypto asset backers,More and more people want to use BTC as a reserve asset.Many believe this move will ensure the dollar’s dominance in the global financial landscape.
The idea has reportedly gained more attention in recent weeks after Trump discussed the issue at a meeting.
Porter stressed that it was “no doubt” to use BTC as a strategic reserve asset for the U.S. Treasury Department and suggested that the move could change the global financial model and prompt other countries to take the BTC stance.
This idea has even surpassed the Crypto asset industry, with BlackRock CEO Larry Fink recently making similar remarks and calling the flagship Crypto asset “digital gold.”
David Bailey, CEO of BTC Magazine and Trump campaign adviser, also discussed the theoretical impact of the United States in using BTC as a strategic reserve asset.
Bailey’s vision is to secure a large amount of BTC reserves for the U.S. Department of Treasury by locking the 210,000 BTC held by the United States for 100 years.This rumor has caused considerable response among Crypto asset investors and advocates.
For a long time,BTC-friendly political leaders have always advocated BTC as a strategic reserve asset.
Former presidential candidate Vivek Ramaswamy has been advising Trump on BTC and digital assets since January.
Ramaswamy had previously proposed to support the dollar with a range of commodities including BTC to combat inflation and maintain monetary value over the long term.
In recent weeks,Despite historical reservations about BTC, Trump still expressed strong support for the industry, with the Republican Party following behind, bringing issues related to BTC and Crypto assets into its latest program.
Trump recently announced that Senator JD Vance, a prominent BTC supporter, will join his vote as vice presidential candidate for the 2024 election, increasing speculation about increased measures to support BTC and Crypto assets.
