{"id":15915,"date":"2024-07-18T16:18:13","date_gmt":"2024-07-18T16:18:13","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=15915"},"modified":"2024-07-18T16:18:13","modified_gmt":"2024-07-18T16:18:13","slug":"donald-trump-might-declare-bitcoin-as-a-strategic-asset-for-the-us-on-july-27-in-nashville","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/donald-trump-might-declare-bitcoin-as-a-strategic-asset-for-the-us-on-july-27-in-nashville\/","title":{"rendered":"Donald Trump Might Declare Bitcoin as a Strategic Asset for the US on July 27 in Nashville"},"content":{"rendered":"\n<p>Donald Trump, the former US President, is scheduled to appear as a keynote speaker at the Bitcoin 2024 Conference in Nashville from July 25-27. Speculation is rife that Trump could make a significant announcement related to Bitcoin during his speech, fueling excitement among crypto investors.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Potential_Designation_of_Bitcoin_as_a_Strategic_Reserve_Asset\"><\/span>Potential Designation of Bitcoin as a Strategic Reserve Asset<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Dennis Porter, the co-founder of Satoshi Act, shared that Donald Trump is planning to introduce Bitcoin as a strategic reserve asset for the US<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/Dennis_Porter_\/status\/1813949707368149329\"><\/a>.<\/p>\n<p><\/p>\n<p>Porter expressed confidence in this claim, stating, &#8220;This is no joke. My sources are credible.&#8221; He emphasized that designating Bitcoin as a strategic reserve asset for the US Treasury is a logical decision.<\/p>\n<blockquote>\n<p>&#8230;The paradigm will shift and the world will understand they must also have a Bitcoin position.<\/p>\n<\/blockquote>\n<p>However, the report has not been officially confirmed by Donald Trump, his team, or other reliable sources. Until solid confirmation is provided, Porter&#8217;s assertions should be viewed as speculative and approached with caution.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Exploration_of_Strategic_Reserve_Opportunities_by_Leaders\"><\/span>Exploration of Strategic Reserve Opportunities by Leaders<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Bitcoin-friendly political figures have been advocating for considering Bitcoin as a strategic reserve asset. Vivek Ramaswamy, a former presidential candidate, has been advising Trump on Bitcoin and digital assets since the start of the year.<\/p>\n<p>Ramaswamy suggested backing the US dollar with a variety of commodities, including Bitcoin, to combat inflation and maintain the currency&#8217;s value.<\/p>\n<p>Similarly, David Bailey, CEO of Bitcoin Magazine and a Trump campaign advisor, has been researching the potential implications of the US adopting Bitcoin as a strategic reserve asset.<\/p>\n<p>Bailey envisions securing a substantial Bitcoin reserve for the US Treasury by timelocking the 210,000 BTC owned by the USA for a century.<\/p>\n<p>Adding to the speculation on pro-Bitcoin measures, Trump recently announced that Senator JD Vance, a vocal supporter of cryptocurrencies, will be his vice-presidential candidate for the 2024 election.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/mymiqEAV\/\" alt=\"Bitcoin\" width=\"1815\" height=\"858\" \/><\/p>\n<p>As of the time of writing, the leading cryptocurrency was trading at $63,870.<\/p>\n<p>Image credits: DALL-E (featured image), TradingView.com (chart)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Donald Trump, the former US President, is scheduled to appear as a keynote speaker at the Bitcoin 2024 Conference in Nashville from July 25-27. Speculation is rife that Trump could make a significant announcement related to Bitcoin during his speech, fueling excitement among crypto investors. Potential Designation of Bitcoin as a Strategic Reserve Asset Dennis [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15916,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"Donald Trump Might Declare Bitcoin as a Strategic Asset for the US on July 27 in Nashville - Bitrabo","description":"Donald Trump, the former US President, is scheduled to appear as a keynote speaker at the Bitcoin 2024 Conference in Nashville from July 25-27. Speculation is r"},"footnotes":""},"categories":[316],"tags":[4244,1738,448,4953,6276,5060,1106,3998,6231,2377,4783],"class_list":["post-15915","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-announce","tag-asset","tag-bitcoin","tag-july","tag-july-27","tag-nashville","tag-reserve","tag-strategic","tag-strategic-reserve","tag-trump","tag-us"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=15915"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/15915\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/15916"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=15915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=15915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=15915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}