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Full text of Trump's BTC conference speech: I will fire the SEC chairman, never sell your BTC.
In the early hours of today, former US President Trump appeared at the BTC 2024 conference held in Nashville and delivered a speech for nearly 1 hour. Although it was delayed by 1 hour from the original schedule, tens of thousands of audience members at the scene were still very excited by Trump's distinctive speech.
This is a Trump campaign declaration to the American Cryptocurrency community. BlockBeats has made a text arrangement for the first time, hoping that everyone can feel the scene from the text.
TL;DR
· Since its inception, BTC's Market Cap has been increasing and will soon surpass silver and eventually surpass gold in the future.
· Plans are being made to ensure that the United States becomes the world's encryption center and a superpower in Bitcoin (BTC)
On the first day of being elected president, Gray Gensler, the current SEC chairman, will be dismissed and every BTC-related job will be kept in the United States. A BTC/Cryptocurrency Presidential Advisory Committee will be appointed after taking office.
· BTC does not pose a threat to the US dollar. Those who think BTC poses a threat to the US dollar are completely wrong. The future danger does not come from Cryptocurrency, but from Washington, D.C.
· After being elected, the United States will not sell (100% reserve) any BTC as a strategic BTC reserve
We have many others who are supporters, so we need to talk about Cryptocurrency, we need to talk about BTC, we need to talk about all these great companies. Our country is fortunate to have all the geniuses with extraordinary talents and abilities present, which is really great, even though not everyone is like that, but we still have a lot of talents, this is the spirit that built America, this is the spirit that helps us make America great again, this is what we are doing.
The Future Value of BTC
Today, I stand before you, full of respect and admiration for the achievements of the BTC community. I tell my sons that this is simply incredible because they understand BTC so well, even better than older people. But I say this is like the steel industry a hundred years ago, I believe BTC is still in its early stages.
We see it happening, in just 15 years, BTC has gone from just an idea anonymously posted on internet message boards to the ninth most valuable asset in the world. Can you believe it? This is a big deal. BTC's Market Cap is already larger than ExxonMobil, and soon it will surpass the entire market capitalization of silver. One day it might even surpass gold, but based on the current situation, this is very likely to become a reality. This has never happened before, most people have no idea what this is, but when they figure it out, BTC will become amazing.
BTC is not only a miracle of technology, it is a miracle of collaboration and human achievement, forming many relationships. I just attended a roundtable meeting and met many leaders. Obviously there is competition here, but there is also a very good friendship. It's really interesting. What I usually see is the opposite, where business rivals generally want to defeat each other. There is a very good feeling here, and there are very intelligent people. Congratulations on all the achievements you have made. This room is really great.
The reason I came to speak to the BTC community today can be summarized in two very simple words: America First, because if we don't do this, other countries will. Let's do it and do it well. My vision is a America that leads the future, where we have the best economy, the highest standard of living, the safest, and the most beautiful cities.
When I say the safest, our city is now heading towards hell, we will fix our city, we will cooperate with the Democrats who destroyed our city. We will take back our city, take back our country, we used to be the freest, most ambitious, and most vibrant country on earth, we will regain all of this. Because we haven't done this yet, we are a declining country, but it doesn't matter because we will take it back.
Now this is an embarrassing situation, if they respected our country, this would never have happened. If we don't embrace Cryptocurrency and BTC technology, other countries will do so and they will dominate Cryptocurrency. We have to be the best and that's what's going to happen. I hope the United States is first in technology, first in science, first in manufacturing, first in artificial intelligence, and first in space.
Enhanced power supply
My uncle John Trump, who is a professor at MIT, would be very suited to the atmosphere in this venue. I believe he is the longest-serving professor in the history of MIT. He graduated with great honors, and I think he has three different degrees, but they still invited him to stay on as a professor at MIT. He has been there for 41 years. When I was in the White House, the president of MIT came to see me, and they gave me a book about my uncle. He is a legend in the academic world and also a legend at MIT, so I know a lot about what you are doing.
I have great respect for highly intelligent people, and you are highly intelligent. The United States needs to be ahead of its competitors in every aspect, and our industry will not capitulate to anyone. Some of you are engaged in artificial intelligence, but you also need something called electricity. You need a large amount of electricity. Despite the ESG environmental impact reports we need to deal with, we will do something that nobody thought was possible. You need a large amount of electricity, you need twice the existing electricity in the United States to dominate in the field of artificial intelligence, and we will accomplish this task.
We will build power plants on site, we will use fossil fuels for power generation because we have to do so, we will use nuclear power, we will do it in an environmentally friendly way, but we will generate enough electricity so that you will say, 'Mr. President, we don't need any more electricity, we can't take it, stop generating power.'
In the Midwest, (TSL) has just opened two chargers for electric cars. You know I love Elon (Musk), he's great, he supports me, but not everyone has to have an electric car. I told him that, so we will be canceling the mandate. Some people want gasoline-powered cars, some people want hybrid cars, some people like electric cars, I think they're all great.
I think he (Musk) understands this, otherwise he wouldn't support me, but they are building these chargers in the Midwest, spending 90 billion dollars to build eight chargers. At this rate, it will cost about 12 trillion dollars to establish a national charging network, which is not feasible. Our country will have to file for Chapter 11 bankruptcy protection. We must use our brains, we must return to common sense, and we must produce a large amount of electricity for artificial intelligence and all the other things you are doing. We will need to produce quickly, otherwise we will not be able to compete with other countries.
So, if you don't mind, we will cancel this mandatory requirement. Some people like gasoline-powered cars, some people like hybrid cars, and some people like electric cars. They are all great. I think they are all great. I think what he did is great. I think he understands this. I guess he might not support me. He knows I am this kind of person. But he still supported me.
This is like the charging stations they built in the Midwest, there are eight of them, and they spent $9 billion to build eight charging stations to charge one car. At this rate, it would take about $12 trillion to build the charging stations, which is clearly not feasible and the country would go bankrupt. Now we must use our brains and common sense. We must produce a large amount of electricity for artificial intelligence and all the other things you (Miner) are doing. We will quickly produce this electricity, otherwise we will not be able to compete with other countries.
Relaxing encryption regulation
This afternoon, I will announce my plan to ensure that the United States becomes the global capital of Cryptocurrency and a superpower in the world of BTC. We will achieve this goal. If Cryptocurrency is going to define the future, I want it to be mined, minted, and manufactured in the United States, not anywhere else. If BTC is going 'to the moon', I want the United States to be the leading country, and this will become a reality.
You will be very satisfied with me, which is why I am proud to be the first major party nominee in American history to accept BTC and Cryptocurrency donations. The encryption community has done a lot, and I greatly appreciate them. Since we announced on May 21st, we have raised 25 million USD, a large portion of which is in BTC, Cryptocurrency, and other very good currencies.
I am excited about the future of BTC and Virtual Money. Our opponents have taken a difficult path. The SEC is very strict on encryption, and they have hindered the development of encryption. But I will make it easier for you. Now the SEC sees that you have embraced me, and suddenly those who are being investigated have given up. They say they don't want to do this, they love BTC. But let me tell you, if they win the election, these attitudes will disappear. They will become fierce and shameless, and do things you can't believe.
I heard some great voices of genius from you. Vitalik told me that 175 million people have participated in this world of Cryptocurrency, BTC, and everything else in some form. 175 million people. So when they hear this number, they say, at least treat them better before the election. So I relieved a lot of people's pressure. Many people are happy today, while three months ago they weren't that happy.
For three and a half years, the current government has launched an unprecedented war against Cryptocurrency and BTC. For those who work in this industry, they are coming after you, your banks. They cut off your Financial Services. Has anyone seen this happen? Yes, many hands go up. They prevent ordinary Americans from transferring funds to your exchange.
They slander you and say you are criminals, but this has also happened to me because I said the election was manipulated. He said the election was manipulated and he should spend the rest of his life in prison for this statement. Of course, what they said about us is now acceptable. By the way, we did well in the election, you know we recently lost a candidate, Booker Biden. I think we lost a good person.
I made a metaphor last night. Last night, think about it, I spoke in front of a very influential, very powerful, very religious group, a Christian group, and today I am in front of BTC, and now I am going to hold a rally in Minnesota. You think my life is great, don't you? I cover a lot of ground, from religion to BTC to rallies. I don't mix it up like others. They come out and say, may God bless everyone involved in the BTC world. But in reality, we are serious, because you need blessings, because you must do some very spectacular things. Last night we had a very pleasant conversation with a Christian group.
I just won a big case in Florida. It was a document case, and I had the Presidential Records Act with me, and Biden didn't. I won the big case, but Biden couldn't win it. He's not running anymore because he didn't do particularly well in the debate. It was a huge debate, and our country needs to move forward. The problem is, Harris is worse than Biden, she's a radical leftist. She is against Cryptocurrency, very against it.
The biggest terrorists we are facing now have come to our country, those who are from Israel, no one examines them, no one knows what is happening. We have absolutely no idea what is happening, they are not under the control of the state, only something bad will happen. So we can't sit idly by, we're going to beat them.
You can't just be a warrior, think about it, you are fighting in an election. You have spent a lot of money, a lot of time, a lot of effort, and your supporters are losing. Then they say, let's remove him from the battle and put in a new warrior, she. He will always be my first choice, but she will be my second choice. I know you're not so politicized, but you have to be politicized. Because everything you do involves a lot of politics.
If we don't win this game, the country we know could be over, and the country will be in a bad state. We must be there. We must fight, we must win. I promise to the BTC community that when I take office, the anti-cryptocurrency movements of Joe Biden and Kamala Harris will end. Once I take office, the persecution will stop, and the weaponization of your industry will also end.
Elizabeth Warren and her minions, she hates you very much. She hates your people, she hates everything about you. As long as I'm in the White House, we will keep them away from BTC. They will let Cryptocurrency develop, and we will let it develop. On the first day in office, I will fire Garry Gensler and appoint a new SEC chairman, appoint someone who believes that America should build the future instead of obstructing it as the SEC chairman.
And Kamala Harris wants him to be the Treasury Secretary, which is not good. He was the financial director of Hillary Clinton, and his opponent is the gentleman known as Donald Trump, an unpopular figure in this circle. In fact, he attended my wedding, but many things will change your life when you run for public office.
As president, I will immediately stop this 'choke point 2.0' operation. They want to suffocate you, make your business impossible, but I will not allow this to happen. The government will no longer stand idly by and watch encryption enterprises flee to other countries because US law is too vague, too harsh, too rigid. We will keep every Cryptocurrency job in America.
After taking office, I will immediately appoint a BTC and Cryptocurrency Presidential Advisory Committee. Is anyone willing to join this special committee? Their task is to design transparent regulatory guidance for the entire industry and will be completed within 100 days. We will have regulations, but from now on, these rules will be formulated by those who love your industry, not those who hate it. These people want the rules to be clear, simple, direct, and fair. They want to see your industry thrive, not perish.
Next, I will immediately order the Treasury Department and other federal agencies to stop and terminate all necessary steps, because you know that something is happening in your industry, they want to push the creation of central bank Digital Money (CBDC). End it, forget it. As long as I am the President of the United States, there will never be CBDC.
I will always defend the right of self-management, and you will have a great industry, and we will provide fuel for your industry instead of destroying it. The United States will once again become a country that protects property rights, privacy, freedom of trade, freedom of association, and freedom of speech. We will change our - we will go back to the days when we were a nation of builders, not a nation that feeds on itself from within.
As part of our commitment to providing regulatory clarity, we will create a framework for the safe and responsible expansion of stablecoins. Do you know what stablecoins are? This will allow us to extend the dominance of the US dollar into new territories around the world. The United States will be everywhere, the United States will become wealthier, the world will become better, and billions of people will be included in the encryption economy and store their savings in BTC, that's a fact. Those who say BTC threatens the US dollar have got it completely backwards. BTC is not a threat to the US dollar, it is the actions of the current Biden administration that are truly threatening the US dollar.
The threat to our financial future is not from Cryptocurrency, but from Washington, D.C. The threat comes from the trillions of dollars wasted, rampant inflation, and open borders, as well as providing welfare and free medical services to millions of illegal immigrants flooding into our country; the threat comes from printing hundreds of billions of dollars to fund endless wars overseas, while our cities resemble domestic war zones.
Two weeks ago in Chicago, 117 people were shot, 17 died, and Afghanistan doesn't have such a situation. Look at what's happening in our city, in the past three and a half years, no one has seen anything like this. Think about it, is this America? I don't think so.
When I was president, we didn't start any new wars. Hillary said she would start a war. But my personality kept us away from war, and we ended some old wars, like ISIS. They said it would take five years, maybe longer, but we defeated ISIS in four weeks. Because we have a great military, and it's not an awakened military.
Perhaps some senior officials are awakened, but this is not a fully awakened army, I see this in the first place. When I see what they have done for me, they are incredible, they have achieved what no one thought possible. Our real generals and soldiers have not awakened. They are trying to make them wake up, but these people will not wake up, I can guarantee that.
With your support, this November, we will restore confidence and common sense to the nation's capital. In the end, this is not about whether you are conservative or liberal or progressive. They like progressive, it sounds good, but in reality, it will destroy our country, it will become a terrible word. But this is not about that, it's about common sense, we hope to bring back common sense. Everything we talk about today is common sense, BTC and Cryptocurrency will soar like never before, even beyond your expectations.
When we stop the war on Cryptocurrency, we will immediately start rebuilding our economy, because when America is prosperous, BTC will also pump. We once had the greatest economy and soon we will have it again. Under the leadership of the Trump administration, typical middle-class families saw an increase in annual income of $6,000. People don't like to talk about it, but during my four years in office, Americans saved more money than at any time in decades.
Now you have to listen to these numbers, BTCpump 3,900% during my tenure, soaring from $898 when I took office to $35,900 when I left. This is almost the biggest increase in any industry, think about this number. Compare the situation after three and a half years of Biden and Harris's administration, considering the Inflation factor, BTCpump 50%.
50% sounds good, but compared to nearly 4,000%, it's not that great. When people can't afford food or rent, they don't have savings to put into BTC. This government has caused the largest inflation in our country's history, and that's what's happening, our people have been plundered.
Control Inflation
From day one of our return to 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, Scott and others, who say the stock market is pumping because Trump will be elected. If Trump is not elected, this country will fall into a Great Depression like 1929.
I hope that's not true, but I can understand their perspective. They think the stock market's pump is because we look like we're going to win the election, but I don't know what's going to happen with the election. You know they (the Biden administration) cheat a lot, I don't know what's going to happen, but if we win, this country will be the city of prosperity, and it will usher in prosperity like never before.
The current government's economic plan includes trillions of new spending and a $5 trillion tax increase. They want to increase taxes by $5 trillion. They hope for the expiration of Trump's tax policies. They want to implement a wealth confiscation tax, so that when you've earned all the money and employed all the people, they want to take your money in an unprecedented tax form, including a massive capital gains tax of over 50%. My plan is completely the opposite - we will elevate the status of workers, let more people become savers, and reward success instead of punishing it. They want to punish success, punish genius.
I will not let this happen. I will make Trump's tax policies permanent, and provide significant tax cuts for families, individuals, and businesses that create jobs, including tax exemption for tips. After the tip tax is eliminated, I will cut unnecessary and cumbersome regulations. I work every day to make America the best place to start a business, including in the crypto industry. This will be the best place, and you don't need to go to other countries. For my citizens, the most important thing is that we will quickly end the inflation nightmare created by this government. It must end, as it is destroying our country.
You know, Inflation is a destroyer of a country. You can look back at Germany many years ago and see what happened during their massive inflation, which destroyed the entire country. BTC enthusiasts, I want to tell you that you recognized the danger of inflation much earlier than most people. You know more about inflation than anyone else. You know this, right?
It would be great if they had listened to you, but they didn't listen. The absurd waste of trillions of dollars by our opponents (the Democratic Party) has rapidly eroded the value of every dollar by 20%, 30%, or even 40%. You understand this, but many others don't. The lifelong savings of millions of Americans are being rapidly destroyed.
Simply put, uncontrolled Inflation is an invisible tax on the middle class, which I call the 'Biden tax' and now the 'Harris tax'. But this is a disaster, think about it, this is a 50% tax on the people. This is a human tragedy, it destroys people's lives, it is a disgrace to the country, and it must never happen again, and when I am president, I guarantee it will not happen again, we will take measures to ensure it does not happen.
We will raise the energy supply to a level that people haven't seen in years. We used to have gasoline at $1.87 per liter, which you don't see anymore. Under my leadership, the price of oil has not been affected for four years and when I left office, it increased by only 1.4%. It remained stable for almost two years. I remember when Biden promised 9%, but it was just a lie.
We gave them (the Biden administration) a great country, despite going through the new coronavirus, we did an incredible job. We have been providing economic assistance, military assistance, rebuilding the military, and doing many different things, but we did not print money.
We gave them a great country, yet two years later, the cost of living rose, exceeding 50% in some cases (inflation rate). They like to say it's 22%, but it could be higher, depending on what they included or excluded. For example, the Interest Rate rose from 2.5% to 10%, you simply can't make money.
When I return to the White House, I will stop the madness and wasteful spending of this government. I will put an end to endless wars. They never stopped. Again, we have no new wars. During the presidency of your favorite president, Trump, we had no new wars. But if you don't choose me, America will be crushed.
They thought I would start a war, let me tell you something, I will prevent the outbreak of the third world war, because since the end of the second world war, we have never been as close to a world war as we are now.
I will block the border and stop millions of illegal immigrants from entering our country. We will quickly defeat Inflation and bring back the American Dream for every citizen of every race, religion, color, and creed. We will bring back the American Dream, you haven't even heard the phrase 'American Dream'.
We have talked about the American dream before, and many of you are pursuing the American dream, but if you don't choose me, you will be crushed. I really don't want to tell you this. If you don't choose me, you will be crushed. You will say, what a big mistake it was.
We chose a person without talent, she (Harris) has failed in almost everything she has done, not Trump. Look at our situation now, we will move from our beautiful house to a very small one.
We will end the war on American energy, and we will very simply start drilling, drilling, and drilling. We have to do this, it's the resource we have. We have more liquid gold than any country in the world, 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.
But we won't stop there, we will utilize all forms of American energy. I have set an ambitious goal that by the end of my term, the United States will be the country with the lowest energy and electricity costs in the world. With low energy prices, the United States will become the undisputed BTC banking processing center in the world, and you don't have to immigrate your family to other countries. When we implement these reforms, BTC and cryptocurrency will strengthen our economy, enhance the dominant force of American finance, and sustain the strength of our entire nation.
The US government holds BTC
Many Americans are not aware that the US government is one of the largest holders of BTC. Did you know? The US President has nearly 2.1 million BTC, accounting for 1% of the Circulating Supply. But our government is violating the Washington law that every BTC holder knows: don't sell your BTC! As the final plan for today, I announce that if I am elected as President, this will be the policy I will launch: The US government will keep 100% of the BTC currently held, which will be part of the ultimate plan the US government will launch.
As you know, the majority of BTC currently held by the US government has been obtained through legal actions. They took it from you, they took away your lives, your families, your houses, and Virtual Money. That's the direction this country is going, it's a fascist regime. Therefore, as I take steps to convert that massive wealth into a permanent national asset that benefits all Americans, today I reaffirm my commitment to reduce Ross Albrecht's sentence to time served.
This is the current state of our country. Ultimately, my commitment to each and every one of you is that I will be a President who supports innovation and BTC, which our citizens deserve and need. It will be an industry, but it will be a growing industry, a great industry. I will do the same thing for every other industry as well. Our country has never tried to block new ideas or our people's dreams. America always puts our flag at the forefront of the future and bravely moves forward.
We must do this, we haven't done it for a long time, especially in the past three and a half years.
In your history and experiences in the field of Cryptocurrency, your future with the United States is built upon your own intelligence, your own determination, and your own muscle. This takes courage, which most people do not have. My mission is to liberate you and make Americans do the best, better than anyone else. We're going to win, win, win, win.
Our country cannot fail. We are a failing country now, but we will not fail forever. With your help, we will save our country, restore our democracy, and make America and BTC better, wealthier, freer, and greater.
Thank you, bless you, thank you!