Donald Trump Bitcoin Conference Keynote - 07-27-2024

Trump's Vision: America, Bitcoin, and the Future
President Donald Trump addresses bitcoin event in Nashville, Tennessee
President Trump: Hello, bitcoiners. Thank you very much. Hello. It's good to be with you. It's good to be with you. So secret service just told me, sir, we'd like a little more time. I said, you take all the time you want. You can take 2 hours, 3 hours. To h*** with the people that have been waiting out here. But I'm sure they don't mind either. But it is a great honor. And, a lot of things are happening in the world. We just heard, you probably heard that israel was just attacked, very severely attacked, and, hezbollah looks like, and this is things that won't happen. I mean, you just can't. They have to respect us. They have to respect. They cannot do this. They cannot do this. What they did just now with that attack, it's terrible. Just happened. And, so to all, God bless everybody. This is so serious. They have to respect our country. This would never have happened with us. And we just cannot, let it continue. We just wish them all a lot of luck this happened to us. As I'm walking on the stage, you probably, most of you have heard about it, but it just, a terrible thing. But I'm thrilled to be here in Nashville to become the first american president ever to address a bitcoin event, anywhere in the world. Anywhere in the world. I want to thank David Bailey for inviting me. Special guy, you know, this whole love affair sort of started. David, about four months ago, was at Mar a Lago. I took a picture with him. I mean, he's a nice looking guy. He's okay. He's out here someplace. But I took a picture, it got published. Trump and David Bailey. All of a sudden, your industry went through the roof. So, David, congratulations, whatever the h*** you do, you did a h*** of a job. But as well as all of the bitcoin coin luminaries and legends here, you have a legends in this room. They really are. Congratulations. Would the legends please stand? Oh, everyone's standing anyway. That's nice. I used to say, sit down, everybody sit down. But it's nice when they stand, including Tyler and Cameron. Do you know who that is? Winklevoss. These are, great guys. They look like male models with a brain, you know, they're male models with a big, beautiful brain.
Ron Paul and Rand Paul are here. Where's Kid Rock? Where is he
Michael Saylor is here. Cathy Wood. Cathy Wood. Ron Paul and Rand Paul are here. Vivek is here. Vivek Rameshwamy. Where's Vivek? Where are you? Vavik. There he is. He's great. A man that I call Bob, but you probably know him as kid rock. Where is Kid Rock? Where is he? He is great. He's a good guy and a talented guy. And another talented guy. He was so incredible, this one. He went and he played at the funeral of a, great fireman who was killed, fire chief killed a week and a half ago at the rallye. And, Billy Ray Cyrus went and played music for the family, and it was supposed to be so incredible. I've heard so many things about it. And Billy Ray Cyrus is here. Where's Billy Ray? He's around here someplace. And he's great. He's a conservative guy, said, how did you get such a liberal daughter? How did that happen? Billy Ray? And by the way, kid rock was incredible at the convention. You probably saw him. You saw him. He was great. He was great. Another one, Jake. Paul, you don't want to fight this guy, you know? you don't want to fight. He's got a big fight coming with Mike Tyson, but he's glad he didn't fight Mike when Mike was 19. He told me that today. But it's, He's a fantastic guy, very talented guy in a lot of ways. Governor Joe Lombardo, who's fantastic, and we're doing well in his state, and he's going to make sure that there's no hanky panky going on. And if that happens, we're going to win his great state. But you know who he is, and he's a fantastic governor. Senators Bill Haggerty, Marsha Blackburn, Cynthia Lumbas, Tim Scott. And Tim was great. Boy, I'll tell you, he was such a strong voice for me
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on so many shows and did such a great job during the primaries. He was incredible. I want to thank him. Special guy. They're all special people. They're warriors. Tommy Tuberville, you know Tommy Tuberville, senator from Alabama. And you have many members of congress. Andy Ogles, Thomas Massey, John Rose, Mark Green and French Hill. And the next us senator from Ohio. I hear he's doing very well. Bernie Marino. Where is Bernie? I hear Bernie's doing well. The great Laura Loomer. Some of you know Laura. She's a fantastic person, great woman, and a tremendous developer from New York and Florida. One of the best, Steve Witkoff. And he's got his son Alex with him today. That's an incredible family development. Family. They've been supporters from the beginning. Howard Lutnick, Cantor Fitzgerald. Incredible. One of the truly brilliant men of Wall street, and a whole group of his distinguished guests and a lot of our distinguished guests. We have a lot of other people here, and I won't bother anymore. That's enough.
President Trump speaks to the bitcoin community about America first
Because we have to talk about crypto, we have to talk about bitcoin, we have to talk about all these great companies. But our country is blessed to have the extraordinary talent, energy, and genius represented in this room. It really is great genius. Not all of you, but most of you. Many of you. But this is the kind of spirit that built America. And this is the spirit that's going to help us make America great again. That's what we're doing. I stand before you today filled with respect and admiration for what the bitcoin community has achieved. It's incredible, actually. I sort of say to my sons, it's like, incredible because they know so much about it. It's so. They're so aware of it. Much more so than people that are a little bit older. But I say this is the steel industry of 100 years ago. Really is. I think you're just in your infancy. I can see it happening. In just 15 years, bitcoin has gone from merely an idea posted anonymously on an Internet message board to being the 9th most valuable asset anywhere in the world. Can you believe that? Is that right? That's a, big deal. Think of that. It's already bigger than ExxonMobil. Soon it will be surpassing the entire market cap of silver. It's not bad. How about gold? How about gold? Let's go, gold. And one day, it probably will overtake gold, but based on the way it's going now, it could very well be a possibility. There's never been anything like it, and I don't think you've ever seen anything like it. And most people have no idea what the h*** it is. You know that, right? So what happens when they figure it out? That's going to really be something. Bitcoin is not just a marvel of technology, as you know. It's a miracle of cooperation and human achievement, a lot of relationships that are formed. I just did a meeting, a roundtable with a lot of the leaders, and, it's amazing. There's a great camaraderie. It's really interesting. Obviously, there's competition, but there's a relationship, there's a friendship that's developed with a lot of these people. I noticed that. I don't usually see that. Too often. I see the opposite, actually. They want to get each other. They want to kill each other. These guys have a great feeling. very smart people, too. Congratulations on all that. You've accomplished. This room is amazing. The people in this room, high iq individuals. I'm running against a low IQ individual. Her, I'm not even talking about him. Her. I got a low IQ individual. The reason I've come to address the bitcoin community today can be summed up in two very simple words, America first, because if we don't do it, China's going to be doing, others are going to be doing it. Let's do it and do it right. My vision is for an America that dominates the future. We have the best economy, the highest standard of living, the safest, the most beautiful cities. And by the way, when I say safest, our cities are going to h*** right now. Our cities are going to h***. We're going to fix our cities. We're going to work with Democrats that have destroyed our cities, but we'll work with them, and we're going to get our cities back. We're going to bring our country back. And we really were the freest and the most ambitious, most dynamic nation ever to exist on earth. And we're going to get that back again because we're not
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there now. We're a nation in decline. You know, it, we know it doesn't sound nice, but it's okay because we're going to bring it back. We're going to bring it back fast. Right now. It's embarrassing. It's embarrassing what's happened. even today, when you look at what we just said, that would never have happened if they respected our country. If we don't embrace crypto and bitcoin technology, China will. Other countries will. They'll dominate. And we cannot let China dominate. They are, making too much progress as it is, and we want them to be successful. I don't want China to be successful, but we have to be the most successful. That's what's going to happen. I want the United States to be first in technology, first in science, first in manufacturing, first in artificial intelligence, and first in space. You know, at MIT, my uncle was a professor there, Doctor John Trump. He would have fit in with this room very nicely, actually. That's why I mentioned it. And I believe he was the longest serving professor in the history of MIT. He graduated. We have a very intelligent family, actually. He graduated tremendously. I think he has three different degrees. But they said, would you like to stay on, John and be a professor? Well, I've got a lot of offers. I assume he said, but I've got a lot of offers. Well, we'd like. He was there for I believe 41 years.
America's destiny is to lead our rivals in everything, not surrender
When I was in the White House, the head of MIT came to see me, and they presented me with a book on my uncle. He was a legendary guy in the academic world and in the world of MIT. So I understand a lot about what you're doing, and I have great respect for highly intelligent people, and you are highly intelligent. America's destiny is to lead our rivals in everything and to surrender our industries to no one. To no one. You know, some, of you are involved with AI, but you also have the same thing. You need a thing called electricity. You need a lot of electricity. You know, AI, ah, needs to be really dominant, and China can do it much easier. We have environmental impact statements to do, but we're going to do things that nobody thought were possible. You need tremendous amounts of electricity. You need double the electricity of the entire electricity that we have right now in the United States to dominate. And we'll get that done. who would think we can get that done? But we're going to get it done. We'll be having power plants built at the sites. We'll be releasing people from certain ridiculous requirements, and we'll be using fossil fuel to make electricity, because we're going to have to. We'll be using nuclear. We'll be doing it in an environmentally friendly way, but we will be creating so much electricity that you'll be saying, please, please, president, we don't want any more electricity. We can't stand it. You'll be begging me, no more electricity. Sir. We have enough. We have enough. You know, in the midwest, they just opened, it was very interesting. They just opened up two chargers, you know, a charger for the electric cars. And, you know, I love Elon. He's great. He endorsed me and great endorsement and everything else. Not everybody has to have an electric car. I told them that. So we're going to get rid of that mandate, if you don't mind. Some people want gasoline propelled cars. Some people want a hybrid. And some people like an electric car. They're great. I think they're great. I think what he's done is great. I think he understands it. I guess he probably wouldn't have endorsed me, knows where I am in this, but he did. And it's just like they did these chargers in the midwest. There are eight of them. They spent $9 billion to build, eight charges to charge up a car. And, at that rate, it would cost approximately $12 trillion to put the charges around. Somehow that's not working. The country would have to file for chapter eleven, we'll do a chapter, you know, it's called chapter seven instead of a chapter eleven, but it's the equivalent. No, we have to use our brain. We have to be. We are the party of common sense. Okay? We have to have common sense. But what we do have to do is we have to produce tremendous electric for AI and for all of the other things, including the things that you're doing. And we'll get it produced, and we're going to get it produced fast, or we're not going to be able to compete with China and other countries. So we're going to get it produced fair. This afternoon, I'm laying out my plan to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world, and we'll get it done. If crypto is going to define the future, I want to
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be mined, minted, and made in the USA. It's going to be, it's not going to be made anywhere else. And if bitcoin is going to the moon, as we say, it's going to the moon, I want America to be the nation that leads the way, and that's what's going to happen. No, you're going to be very happy with me. You're going to be so happy. He's the greatest guy. That's why I'm proud to be the first major party nominee in american history to accept donations in bitcoin and crypto. And they've made a lot of them, I might m tell you, and I appreciate it. Since we made that announcement on May 21, we have already raised $25 million, much of it in bitcoin, crypto, and others. Others, that are very, very good also. But as you know, our excitement about the future of bitcoin and crypto could not be more difficult from the approach of our opponents. Can't be. Look, our opponents have gone a difficult route. They're going old fashioned stuff. We're going to take it right down the middle. We are going to. We're so different from anybody else in terms of a campaign. First of all, we understand it. They don't understand it. They are blocking your path, they're blocking your way. But I've made it a lot easier for you because the SEC has been very, very tough on you, and now they see that you've embraced me. All of a sudden, people that were under investigation, they're being let go. They say, oh, no, we don't want to do that. We love crypto. Let me tell you, if they win this election, every one of you will be gone. They will be vicious. They will be ruthless. They will do things that you wouldn't believe. But right now, because of me, they're leaving you alone. So please say, thank you, President Trump. Thank you very much. And the reason they're doing that is I've heard from some of your great geniuses that talk to me about this subject. I've heard from Vivek. 175 million people in some form, are m involved with this world of crypto and bitcoin and all of the others. 175 million. So when they heard that, they said, let's be nice to them, at least until after the election. So, I've taken a lot of pressure off a lot of people. A lot of people are very happy today that about three months ago, weren't so thrilled for three and a half years. Is that right? Look, you just said, that's right, and you know it's right.
For three and a half years, the current administration has waged a war on crypto
For three and a half years, the current administration has waged a war on crypto and bitcoin like nobody's ever seen before. For those who work in this industry, they target your banks, they choke off your financial services. Have people seen that? Yes. Yeah, they have plenty of hands up. they block ordinary Americans from transferring money to your exchanges. They slander your. They slander you as criminals. But that happened to me, too, because I said the election was rigged. He said the election was rigged. He should spend the rest of his life in jail for making that statement. Of course they say it about us and it's okay, right? No. And by the way, we're doing very well in the election. you know, we lost a candidate recently, crooked Joe Biden. And I thought we lost this wonderful person. And he's actually a terrible human being, if you want to know the truth, so don't feel sorry. And we have another worst. He's the worst human being. But. And I sort of made an analogy last night. Last night. Think of this. Speaking in front of a very powerful and very strong, very religious group, christian group. Christians. Evangelicals. Christians. And then today, I come in front of bitcoin, and now I'm going to Minnesota to do a rally. You think my life is so great, don't you? Huh? But I cover a lot of territory. I go from religion to bitcoin to a rally. And I don't get it mixed up like other people do, where they come out and they say, may God bless everybody involved in the bitcoin world. But actually, we mean that because you need blessing, because you've got to do something very spectacular. But we had an incredible, an incredible time last night talking to, Christians, largely Christians, a christian group. And this is so great. And then we have a very big rally in Minnesota. Hasn't been one since 1972. Richard Nixon, can you believe it? And I think, you know, I think we're leading Minnesota, but there's some hanky panky that goes on in Minnesota. But I think we're doing good. So we're going to leave here, we're going to go there for a big rally. But this is such an honor to be with you. Sadly, when we see the attacks
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on crypto, it's a part of a much larger pattern that's being carried out by the same left wing fascists who weaponize government against any threat to their power. They've done it to me. Did you see? I just won the big case in Florida. Thank you very much. The big case. Thank you very much. A big case. That was the document. I have presidential records act on my side. Biden didn't, by the way, Biden. They said, here's what they said. they said, he's guilty as h***, but we're not going to charge him because he's incompetent. I won the case the old fashioned way. It's called, you win. I wouldn't have wanted to win the way he won. Trump won the case because they called him incompetent. Think of this. So they called him incompetent. So he's incompetent to run for trial, to stand trial, but he's not incompetent to run the country. How does that work? But he's not doing it anymore because he didn't do particularly well in the debate. Did anybody watch the debate? Not too many people. Somebody said to me, you did horribly in the debate. I said, why? Because there's no way he can continue forward. That's how bad he was. He said, I understand that. And that's exactly what happened, actually. We had a great debate. It was a tremendous debate, actually. And since then, hey, look, you have to open the eyes. You have to see what's going on. We have a country to run. The problem is that Kamala is worse than Joe is worse. She's a radical left, lunatic. Defund the police, all of the different things. And so far, we're doing, she's got a little honeymoon going on right now. But when people hear about her, and she's against crypto, by the way, and she's against it very big. So I just want to let you know, you got to get out. You got to get out and vote. It should be no surprise that these same totalitarians are h*** bent on crushing crypto, obliterating. And that's what they want to do, and that's what they are stated. Well, I mean, they're there right now. You have the sec. You know what they're doing? Obliterating bitcoin. The reason could not be more clear, because bitcoin stands for freedom, sovereignty, and independence from government coercion and control. The Biden Harris administration's repression of crypto and bitcoin is wrong, and it's very bad for our country. It's really quite un american. As you know, six days ago, we officially defeated the worst president in the history of the United States.
We have the largest number of terrorists coming into our country right now
I believe he was the worst president in the history of the United States. Think of it, millions and millions of people have come into our country. They've come in from jails. They've come in from, think of it, insane asylums, mental institutions. They've come in as terrorists. We have the largest number of terrorists coming into our country right now. The same people that you just heard about from Israel that did that in Israel, they're coming in and nobody checks them. Nobody knows what's going on. We have no idea what's going on. They've lost control of our country, and only bad things can happen. So it's not going to be that way. We're not going to let that happen. We're beating them, and we're beating them badly, and we have to make sure that we do. We need to do it for our country. And you can't just be a fighter and have your man lose the fight or woman. But in this case, a man, he's losing the fight. He's down by 15, 1617 points. They say that you're not going to win, joe. You got to get out. He didn't want to get out. He said, I'm not getting out. He said, you're getting out. He said, I'm not getting out. I got 14 million votes. I'm not getting out. They said, if you're not getting out, we're going to institute, the 25th amendment on your mental competence. He said, like I said before, I think I'm going to get out. Okay? And they got him out. But it's like, think of this. You fight, you're in a campaign. You spent a lot of money, a lot of time, a lot of effort. And he's losing. And then they say, let's take him out of the fight. We'll put a new fighter in there. The new fighter is her. Probably my second choice. He will always be my first choice, but she'd be my second choice. And again, if we don't win this race, and I know you're not that political, but you have to be political, because your whole thing. I mean, you have a lot of politics involved in what you do. If we don't win this race, this country could be finished as we know it. This country is going to be in bad shape, and, we have to be in there. We have to fight, and we have to win. And I pledge to the bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris anti crypto crusade will be over. It will
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end. It'll be done. It'll be done. The moment I'm sworn in, the persecution stops and the weaponization ends against your industry. And as long as I'm in the Oval office, Elizabeth Warren. Pocahontas. Do you remember? Yes. I'm an Indian. She said, I'm an Indian. Why are you an indian? You don't look like an Indian. No, no. My mother told me I have high cheekbones. Oh. That's why she was an Indiana, so I named her Pocahontas. Elizabeth Warren and her goons. And she's very nasty to you. She hates your people. She hates everything about you. Will keep their hands off bitcoin. They're going to keep their hands off crypto. They're going to let it grow. We're going to let it grow. On day one, I will fire Gary Gensler and appoint a new SEC chairman. I didn't know he was that unpopular. Well, I didn't know he was that unpopular. Let me say it again. On day one, I will fire Gary Gentler. Whoa. I will appoint a new, SEC chairman who believes America should build the future, not block the future, which is what they're doing. And Kamala Harris wants to make him treasury secretary. That's not good. That's not good. He was Hillary Clinton's finance person. Did you know that? Crooked Hillary. Remember crooked Hillary. Do you remember her? Anybody remember? He was the finance chairman of Hillary Clinton's campaign against a gentleman known as Donald Trump. not a popular person within the. Actually, she came to my wedding. Do you know that? To our great first lady. Melania came, to our wedding, and bill came to our wedding.
I will immediately appoint a bitcoin and crypto presidential advisory council
But it's amazing things when you run for office. A lot of things change in your life. A lot of things change. As president, I will immediately shut down Operation Choke. .2.0 they want to choke you. They want to choke you out of business. We're not going to let that happen. And no longer will your government sit by and watch as bitcoin. Bitcoin jobs and businesses flee to other countries because America's laws are too unclear and too tough and too angry and too stiff. We will keep each and every bitcoin job in the United States of America. That's what we're going to be doing. A bond taking office. I will immediately appoint a bitcoin and crypto presidential advisory council. Would anybody like to be on that particular council? Please raise your hand. Their task will be to design transparent regulatory guidance for the benefit of the entire industry. And they will get it done. In 100 days. We will have regulations, but from now on, the rules will be written by people who love your industry, not hate your industry. People that want to make it clear and simple, straightforward and fair. People that want to see your industry thrive, not dive. Next, I will immediately order the Treasury Department and other federal agencies to cease and desist all steps necessary because you know there's a thing going on in your industry. They want to move the creation of a central bank, digital currency. It's over, forget it. CBDC. There will never be a CBDC while I'm president of the United States. And I will always defend the right to self custody. Self custody. You're going to have a great industry. You're going to have a great industry. And we're going to be fuel for your industry, not demolish your industry. America will once again be a nation that protects property rights, privacy, freedom of transaction, freedom of association, and
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freedom of speech. We're going to change our, We're going to go back to the old days when we were a nation that was building, not a nation that was eating itself alive from within. As part of our effort to provide regulatory clarity, we will create a framework to enable the safe and responsible expansion of staple stable coins. Do you know what a stable coin is? Does anybody know? Please raise your hand. Allowing us to extend the dominance of the us dollar to new frontiers all around the world. America will be richer, the world will be better, and there will be billions and billions of people brought into crypto economy and storing their savings in bitcoin. So that's the way it is. That's pretty much the way it is. Those who say that bitcoin is a threat to the dollar have the story exactly backwards. I believe it is exactly backwards. Bitcoin is not threatening the dollar, but the behavior of the current us government is really threatening the dollar. The danger to our financial future does not come from crypto, it comes from Washington DC. It comes from trillions of dollars in waste, rampant inflation and open borders while giving welfare and free health care to all of the illegal aliens that are pouring into our country by the millions and millions and millions. It comes from printing hundreds of billions of dollars to fund endless wars overseas while our cities are like combat zones here at home. Two weeks ago in Chicago, 117 people were shot and 17 died. Afghanistan doesn't have anything like that. You know, you think about tough places, look at what's happening with our cities, what's happening in the last three years. Last three and a half years, nobody's ever seen anything like it. Think of it. 117 over 4 July weekend, 117 people were shot and 17 died. This is the United States of America. I don't think so. By the way, when I was president, we had no war. We had no new wars. We didn't start any. Remember when Hillary said, he'll start wars? Look at his personality. No, I said, my personality will keep us out of wars. But we finished off some of the old ones, like ISIS, which they said would take five years to do, maybe more. We did it in four weeks. We beat ISIS in four because we have a great military. And it's not a woke military, by the way. Maybe some of the people on top are woke, but this is not a woke. I got to see that first. When I looked at what they did or what they did for me, they were unbelievable. They did things that nobody thought were possible. Our real generals and our soldiers, there's no woke. They're trying to get them to be woke, but these people are not going to go woke. I can guarantee you that with your support this November, we will restore competence and we will restore common sense to our nation's capital. Because ultimately it is about. It's not, are you conservative? Are you liberal, are you progressive? They like progressive. It sounds so nice, right? It'll destroy our country. It's actually become a terrible word. It'll destroy our country. But it's not about that. It's about common sense. We want to bring common sense back in. This is all common sense that we're talking about today. And bitcoin and crypto. Crypto will skyrocket like never before, even beyond your expectations. And you are the people that are doing it. As we stop the war on crypto. We will immediately, and we'll do this very quickly, begin to build our economy. Because when America is prospering, bitcoin is soaring, and it'll go up with it. We had the greatest economy ever, and we will soon have it again. Under the Trump administration, the typical middle class family income rose by $6,000 a year. People don't like mentioning that America had more money to save than at any time in many decades. As a result, during my four years in office.
During my four years in office, bitcoin surged 3900%
Now, you have to listen to these numbers. These numbers are, like, beautiful, and I don't want to repeat myself, listen to these numbers. As a result, during my four years in office, bitcoin surged by 3900%, from $898 the day I took office to $35,900 the day I left. that was the biggest jump, I guess, in just about any. Think of that. Now. Compare that to just after three and a half years of Biden and Harris. Adjusted
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for inflation, bitcoin is up 50%. Now. 50% sounds good, but not when you're comparing it to almost 4000%. Right, 50%. You know, normally you say, oh, that sounds pretty good. Let's not put that into the speech. 50% is not good. When people can't afford groceries or rent, they have no savings to store in bitcoin. This administration caused the biggest inflation in the history of our country, and that's what's happened. Our, people are being wiped out. From the very first day we take back the White House, we will replace the Biden Harris economic stagnation with a brand new Trump economic boom. you're going to have a tremendous boom. You know, you have a lot of great analysts out there, Scott. I'm talking about you, Scott, one of the greatest of all, and others that say the stock market's going up because they think Trump is going to be elected. And if Trump isn't elected, this country is going to go into a depression the likes of what you had in 1929. And I hope that's not true. But I can understand it, and I can understand what they're saying. The stock market gain, they think is because looks like we're going to win the election. And I don't know what's going to happen with the election. You know, they cheat like h*** and I don't know what's going to happen. But if we win it, this country is going to be boom town. It's going to be booming like it never boomed before. The current administration's economic plan includes trillions in new spending and $5 trillion tax hikes. They want to increase taxes by $5 trillion. They want the expiration of the Trump tax cuts to take place. They want a wealth confiscation tax, so that when you make all of your money that you're going to make and all of the people you're going to employ, they want to take away your money in the form of a first time ever tax and a gigantic capital gains tax that will exceed a substantially in many states, over 50%. My plan is the opposite. We will lift the workers and we will create savers out of so many people, and we will reward success. We will not punish success. They want to punish success. They want to punish genius. Not going to let that happen. I will make the Trump tax cuts permanent and deliver massive tax cuts for families and individuals and businesses, businesses that produce jobs. That includes no tax on tips. You know that, right? Going to get rid of the tax on tips. I will cut unnecessary and burdensome regulations. Fight every day to make America the best place on earth, to build a business, including a crypto business. It's going to be the best place. You're not going to have to go to China. You're not going to have to learn. Gee, how do I learn Chinese? I want to learn it very quickly. I have a little granddaughter that speaks fluent Chinese. Can you believe it? And, it's a wonderful thing, but it's not easy, but you're not going to have to do it. Most importantly for our citizens, we will end the inflation nightmare that this administration has created, and we will end it quickly. It's got to end. It's destroying our country. You know, inflation is a country buster. You can go back many, many years to Germany, and you look at what happened to Germany during their huge period of inflation. Destroyed the country. It's a country buster, the bitcoiners. And I say to you that you recognize the dangers of inflation long before most others did. You understood inflation frankly, better than anybody else. You know that, don't you? If only they had listened. They didn't listen to you. They didn't listen to you. The trillions of dollars in ridiculous waste approved by our opponents resulted in the very inflation disaster that bitcoiners had always predicted. 2030, and even 40% of the value of every dollar was wiped out and wiped out quickly. You understood that, but a lot of, other people didn't. The life savings of millions of Americans, Washington rapidly destroyed, and very simply, uncontrolled. Inflation is a stealth taxation of the middle class. It really is. It's a stealth taxation. I call it the Biden tax now. I call it the Harris tax or the Harris Biden tax or whatever the h*** we're going to call them. But it's, it's a disaster. It's a tax of 50%. It's a 50% tax. Inflation. Think of it. It's a 50% tax on people. 50. This is a human tragedy, and it's destroyed people. It's a national disgrace. It's destroyed everything in its way. It must never be allowed to happen again, and it won't. When I'm president, I guarantee you it won't happen, because we're going to do things that make sure it doesn't happen. They've allowed pricing to get totally out of control.
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We're going to do energy, bring it down to levels that people have not seen in many, many years. We had it at levels. We were at $1.87 for a gallon of gasoline. You don't see that right now. For four straight years under my leadership, we had effectively no inflation. None. When I left office, it was 1.4%.
When I return to the White House, I will stop the wild and wasteful spending
And then it stayed there for almost two years. Remember when Biden said it was nine? I inherited 9%. That was just another lie. Misinformation. Disinformation. We gave them a, hot country. We went through the COVID We did an incredible job. Never got credit for that. Always got credit for the economy, for the military. We rebuilt the military. We created spaceless. We did so many different things. Never got credit for that. You know what? We gave them a great country with essentially no inflation. And after two years, they drove this country, and they drove inflation through the roof. Two years. Cost of living went up, in some cases by over 50%. And they say 22%. They like to say 22, but, it could be much higher. And it is much higher, depending on what they include. They don't include things like interest rates that went from 2.5% to 10%. But you can't get the money. When I return to the White House, I will stop the wild and wasteful spending of, this administration. I will end the endless wars they never stop again. We had no wars. We had no new wars under your favorite president, President Trump. we had no new. We had no new wars. They thought I was going to start a war. Let me tell you something. I'm going to stop World War III because we're closer to world War three than we've ever been since the end of world War two. I will seal the border and stop the invasion of millions of people pouring into our country illegally. We will totally defeat, and we will do this quickly. We will defeat inflation, and together, we will bring back the american dream. For citizens of every race, religion, color, and creed, we will bring it back. The american dream. You don't even hear the. You don't even hear the statement american dream anymore. You don't hear those words anymore. We used to talk about the american dream. A lot of you people are in the american dream, but you're going to be crushed if you don't elect me. I hate to tell you, you don't elect me, you're going to be crushed. You're going to say, Alice, what a mistake it was. We went for a person who has no talent. She's been a failure at almost everything she's done instead of Trump. And look at us now. We're going to move into an extremely small house from our, beautiful house. But we will end the war on american energy, and we will very simply, drill, baby, drill. We're going to drill, baby, drill. We have to. It's what we have. We have more liquid gold under our feet than any nation in the world. More than Saudi Arabia, more than Russia. We don't use it. We don't use it. They use it. We don't use it. We go out and buy oil from Venezuela. It's amazing. But we won't stop there. We will harness american energy in all forms. I have set the ambitious goal that by the end of my term, the United States will be the number one, lowest cost of energy and electricity of any nation on earth. We can make it so inexpensive because of what we have under our feet. We can make it so inexpensive, expensively and with low energy costs, America will become the world's undisputed bitcoin mining powerhouse. You'll be a bitcoin mining powerhouse. You will not have to move your family to China. You will not be moving to China. As we implement these reforms, bitcoin and crypto will grow our economy, cement american financial dominance, and strengthen our entire country long into the future. Many Americans do not realize that the United States government is among the largest holders of bitcoin. Does anyone know that? How about that? The federal government has almost, 210,000 bitcoin, or 1% of the total supply that will ever exist. But for too long, our government has violated the cardinal rule that every bitcoiner knows by heart. Never sell your bitcoin. Right? That's right, isn't it? Huh? That's right. How did I figure that one? Never sell your bitcoin. And so, as, the final part of my plan, today I am announcing that if I am elected, it will be the policy of my administration, United States of America, to keep 100% of all the bitcoin the us government currently holds or acquires into the future. We'll keep 100%. I hope you do
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well. Please. This will serve, in effect, as the core of the strategic national bitcoin stockpile. As you know. As you know, most of the bitcoin currently held by the United States government was obtained through law enforcement action. You know that they took it from you.
President Obama pledges to turn Ross Ulbricht's bitcoin into a national asset
Let's take that guy's life. Let's take his family, his house, his bitcoin. We'll turn it into bitcoin. It's been taken away from you because that's where we're going now. That's where this country is going. It's a fascist regime. And so, as I take steps to transform that vast wealth into a permanent national asset to benefit all Americans, today I repeat my pledge to commute the sentence of, Ross Ulbricht to a sentence of time served. it's enough. It's enough. That's where we are as a country. Ultimately, my promise to each and every one of you is this. I will be the pro innovation and pro bitcoin president that America needs and our citizens deserve. This will be one industry, but this will be a thriving industry, a great industry. And I'm going to be doing the same thing for every other other industry. Also. Our nation has never thrived by trying to censor new ideas and shut down the dreams of our people. America always plants our flag on the next frontier and pushes boldly ahead. We have to do that. We haven't been doing that for a long time, especially the last three and a half years. It's gone the exact opposite. Those of you in this room inherit the legacy of generations of american pioneers and patrons, risk takers and renegades who settled this continent, built the modern world, and lived on the bleeding edge. You live on a bleeding edge. You do know that bitcoiners, don't you? You are the modern day Edisons and Wright brothers and Carnegies and Henry Ford's. And what you do in your lifetime stands a chance to outlive us all and inspire humanity for generations to come. This will go down as a very important day in the history of your industry. Together, you are building America's future with your own smarts, your own grit, and your own skin in the game. You have a lot of skin in the game, and that's what you're doing. It takes courage to do it. Most people don't have that courage. My job will be to set you free and to let you do what Americans do best or what you're going to do better than anybody. Win, win, win. You're going to win, win, win with energy, passion, and brilliance like we have, rarely seen before. Our country cannot fail. We're in a failing nation right now, but we're not going to be for long. Our country cannot fail. with your help, we will save our nation. We will restore a republic, and we will make America and bitcoin bigger, better, stronger, richer, freer, and greater than ever before. Thank you all. Have a good time with your bitcoin and your crypto and everything else that you're playing with, and we're going to make that one of the greatest industries on earth. Good luck, and God bless you all. Thank you. God bless you. Thank you. Next year, we are bringing the bitcoin conference to the American West, Las Vegas. The brightest minds in the world will converge to deliver bitcoin history. Buy your tickets now at B TC conference 2025.
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