Trump Claims Bitcoin Rose About 4000% During His Term, Says ‘Crypto Will Be Higher Than Ever’.
Donald Trump took the stage at the Bitcoin Conference in Nashville and got everyone excited about his vision for Bitcoin and cryptocurrency. “Bitcoin and crypto are going to rise even more than you expect and you are the people who are making it happen. When we end the war on crypto, we will do it immediately and quickly and start building our economy because as America prospers, bitcoin will rise and so will it.
During Trump's four years in office, bitcoin experienced a staggering 3,900% increase, rising from $898 at the start of his term to $35,900. This increase marks one of the most significant jumps in any industry. Conversely, under the Biden-Harris administration, Bitcoin growth, adjusted for inflation, has been 50% in just over three and a half years. While 50% might normally sound impressive, it pales in comparison to 4,000%.
He said many Americans don't know that the US government is one of the largest holders of Bitcoin. “Did anyone know that the federal government owns about 210,000 Bitcoins, or about 1% of the total supply? Yet, for too long, our government has violated the cardinal rule that every Bitcoiner knows by heart: Never sell your Bitcoin.”
“As part of my plan, if elected, my administration will enact a policy to retain 100% of the bitcoins the U.S. government currently holds or acquires. This will serve as a core component of the Strategic National Bitcoin Reserve. The majority of bitcoins currently held by the government are obtained through law enforcement actions, many Time is running out of individuals. This is where our country is headed – a fascist regime.
He assured voters that he would be a pro-innovation and pro-Bitcoin president of America's interest, fostering a thriving Bitcoin industry alongside all sectors. Trump said that America has never developed by censoring new ideas and shutting down dreams, urging the country to continue moving forward with courage.
By building America's future with their intelligence, wit, and determination, Trump believes in the courage it takes and promises to free Americans to champion what they do best. Despite the current challenges, they expressed their belief that the country will flourish again with energy, passion and brilliance.