Former president Donald Trump outlined a plan to turbocharge crypto growth and make the US a crypto mining powerhouse in his keynote address to the 2024 Nashville Bitcoin Conference on Saturday.
Trump announced that if elected, he would create a strategic bitcoin reserve in the US. âIt will be the policy of my administration to keep 100 percent of all bitcoin the US government currently holds or acquires in the future ⦠as a core of the strategic national bitcoin stockpile,â he said.
Right now, the US government owns more than 210,000 bitcoins that were seized via illegal operations like the online dark market Silk Road and the ponzi scheme BitConnect. Itâs worth approximately $14 billion at time of writing.
This move confirmed rumors spread by bitcoin enthusiasts who are hopeful that endorsement of a reserve from Trump could bolster the price of the cryptocurrency.
