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Home News Crypto

Trump’s Bold Promise: Bitcoin to Dominate America’s Future!

by Team Lumida
July 28, 2024
in Crypto
Reading Time: 3 mins read
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President Donald Trump

Photo by Library of Congress on Unsplash

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Key Takeaways:

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  1. Trump envisions America as the global leader in Bitcoin and crypto.
  2. He pledges to end regulatory crackdowns and support the industry.
  3. Emphasizes energy production to support Bitcoin mining.

What Happened?

Donald Trump, speaking to a Bitcoin-focused audience in Nashville, emphasized his admiration for the crypto community. He likened Bitcoin’s rise to historical industrial revolutions, noting its rapid growth to become the ninth most valuable asset globally.

Trump promised to make America the “crypto capital of the planet,” highlighting that the U.S. government holds about 210,000 Bitcoins. He assured attendees that, if elected, his administration would retain all government-held Bitcoin and support the industry’s expansion.

Why It Matters?

Trump’s stance on Bitcoin could significantly impact the crypto market and investor sentiment. By pledging to end the current administration’s regulatory pressures and promoting Bitcoin-friendly policies, Trump aims to attract crypto investments and businesses back to the U.S.

He also plans to increase electricity production to support Bitcoin mining, stressing the need to compete with China. His speech reflects a broader vision of technological dominance and economic growth driven by the crypto industry.

What’s Next?

If Trump wins the 2024 election, expect a dramatic shift in U.S. crypto policies. Immediate actions would include appointing a new SEC chairman, ending Operation Choke Point 2.0, and forming a Bitcoin and Crypto Presidential Advisory Council. These measures aim to provide clear, supportive regulatory guidelines.

Investors should watch for potential boosts in crypto valuations and increased U.S. dominance in Bitcoin mining. The energy sector may also see significant developments as Trump proposes doubling the nation’s electricity production to support these initiatives.

Source: Coindesk
Tags: Bitcoin
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018