- Trump commits to integrating Bitcoin into a US “stockpile” and plans further acquisitions, supported by like-minded politicians.
- He also promises to fire SEC Chair Gary Gensler on his first day back in office if elected.
- The former president also ventures into cryptocurrency merchandise with a new line of Bitcoin sneakers.
Donald J. Trump, the 45th President of the United States and Republican candidate for the job in the White House when US elections roll around later in November, is in the headlines again.
Related: Tucker Carlson Endorses Bitcoin, Alleges CIA Involvement in Its Creation
And this time around it’s about Bitcoin sneakers…
Meanwhile, in late July, Trump gave a speech in front of 3,000 Bitcoin enthusiasts in Nashville, Tennessee, where he made some stark remarks.
Trump to “Stockpile” Bitcoin Once Elected
The former president said he would ‘stockpile’ Bitcoin, following Robert F. Kennedy Jr, who wants to make BTC a strategic reserve asset for the United States. Trump also said that not only would he hold Bitcoin that had been seized by law enforcement, but also that he would buy more BTC.
This has been echoed by Wyoming Senator Cynthia Lummis who has just presented a bill that would see the government purchase up to 5% of the total Bitcoin supply.
Now, in arguably less ground-breaking news, Trump has just started selling Bitcoin sneakers. And it looks like you can get your hands on them for just US$2,500 (AU$3,828) on eBay.
Trump made the announcement Wednesday, taking to his social media account on Truth Social, urging people to buy the limited-edition footwear and “have fun”.
Trump made similar comments at the Bitcoin 2024 conference when he ended his speech by telling the audience to have fun with Bitcoin and anything else they’re playing with.
Have a good time with your Bitcoin and your crypto and everything else that you’re playing with.
Donald Trump While many in the crypto industry have thrown their support behind Trump, some are starting to question his motives. One user on platform X said Trump doesn’t care for Bitcoin while others complained that the “grifting never stops”.
Others welcomed the initiative, while some were simply left speechless.
On a more serious note, Trump’s remarks at the Bitcoin conference have made waves, especially his plans to hold BTC as a quasi-reserve. Tron founder Justin Sun didn’t waste time to call on China to step up and re-consider its approach to crypto.
Related: Analyst Says Whales Are Preparing for Altcoin Rally: Here’s the Scoop
Sun said a re-think would be a good thing for the industry as “Competition between China and the U.S. in Bitcoin policy will benefit the entire industry”.
The United States and China are the two countries with the largest holdings of Bitcoin, with several billion dollars in Bitcoin between them.
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