In a recent interview, former US President and current Republican candidate Donald Trump has once again expressed his opposition to the United States government selling its Bitcoin reserves. Speaking with popular gamer Adin Ross on the Kick platform, Trump reiterated his stance, which he first made clear during a speech at the Bitcoin Conference in Nashville on July 27.
Trump's Firm Stand on Bitcoin
During the live broadcast, Ross asked Trump about the recent sale of Bitcoin by the US government and whether his views on the cryptocurrency sector had changed. Trump responded emphatically, "It's something they shouldn’t be doing because they should be trying to build it." He further emphasized that if the US doesn't capitalize on this opportunity, other countries like China will, and the US cannot afford to be left behind in this technological race.
Trump's comments come in the context of the US government holding approximately 210,000 BTC, representing about 1% of the total Bitcoin supply. He strongly believes that the government should adopt a policy of retaining these reserves rather than selling them.
A Vision for the Future
At the Bitcoin Conference in Nashville, Trump outlined his vision for the future of cryptocurrency in the United States. He promised that if elected, his administration would implement a policy to hold onto all government-held bitcoins. Additionally, he plans to establish a regulatory framework to support the sector and promote the use of cheap electricity to boost Bitcoin mining within the country.
“The United States government holds 1% of all Bitcoin reserves. But they are not following the rule that everyone here knows: never sell,” Trump stated. He continued, “I am announcing that if I am elected, the policy of my government, of the United States of America, will be to hold 100% of all Bitcoin that the United States government currently owns or will acquire in the future.”
Cryptocurrencies and AI: A Modern Parallel
In his recent interview, Trump also drew parallels between cryptocurrencies and artificial intelligence, describing both as "very modern currencies." He stressed the importance of embracing these technologies, stating, “It’s like AI — ‘do you love it or don’t you?’ — if we don’t do it, China or other people will, and we can’t be left behind, and cryptocurrencies are right in that realm.”
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