Trump , first U.S. president to speak at a Bitcoin conference, highlights Bitcoin as a transformative technology, similar to key innovations in U.S. history.
Key Words: Bitcoin, Crypto, America First, Innovation, Security, Regulation, China, AI, Campaign, Leadership
Hello, bitcoiners. Thank you very much. Hello. It's good to be with you. It's good to be with you. So, Secret Service just told me, "Sir, we'd like a little more time." I said, "You take all the time you want." You can take two hours, three hours, the hell with the people that have been waiting out here, but I'm sure they don't mind either.
But it is a great honor. And a lot of things are happening in the world. We just heard, you probably heard that Israel was just attacked, very severely attacked. And Hezbollah, looks like. And these just things that won't happen. I mean, you just can't -- they have to respect us. They have to respect -- they cannot do this.
They cannot do this. What they did just now with that attack is terrible. Just happened. And -- so, to all, god bless, everybody. This is so serious. They have to respect our country. This would never have happened with us, and we just cannot let it continue. So, we just wish them all a lot of luck. This happened as I'm walking on the stage.
You probably -- most of you have heard about it, but it just -- it's a terrible thing. But I'm thrilled to be here in Nashville to become the first American president ever to address a bitcoin event anywhere in the world, anywhere in the world. I want to thank David Bailey for inviting me. A special guy.
You know, this whole love affair sort of started, David, about four months ago.
I was at Mar-a-Lago. I took a picture with him. I mean, he's a nice-looking guy. He's OK. He's out here someplace. But I took a picture. It got published, Trump and David Bailey. All of a sudden, your industry went through the roof. So, David, congratulations. Whatever the hell you do, you did a hell of a job.
But as well as all of the bitcoin luminaries and legends here -- you have legends in this room. They really are. Congratulations. Would the legends please stand up? Oh, everyone's standing. Anyway, that's nice. I used to say, "Sit down. Everybody, sit down." But it's nice when they stand, including Tyler and Cameron.
Do you know who that is? Winklevoss. These are great guys. They look like male models with a brain, you know? They're male models with a big, beautiful brain. Michael Saylor is here. Cathie Wood. Cathie Wood. Ron Paul and Rand Paul are here. Vivek is here. Vivek Ramaswamy. Where's Vivek? Where are you, Vivek?
There he is. He's great. A man that I call Bob, but you probably know him as Kid Rock. Where's Kid Rock? Where is he? He is great. He's a good guy and a talented guy. And another talented guy. He was so incredible, this one. He went and he played at the funeral of a great fireman who was killed -- fire chief, killed a week and a half ago at the rally.
And Billy Ray Cyrus went and played music for the family, and it was supposed to be so incredible. I've heard so many things about it. And Billy Ray Cyrus is here. Where's Billy Ray? He's around here someplace. And he's great. He's a conservative guy. I said, "How did you get such a liberal daughter? How did that happen, Billy Ray?" And by the way, Kid Rock was incredible at the convention.
You probably saw him. You saw him? He was great. He was great. Another one, Jake Paul. You don't want to fight this guy. You know? I you don't want to fight -- he's got a big fight coming with Mike Tyson, but he's glad he didn't fight Mike when Mike was 19. He told me that today. But it's -- he's a fantastic guy, very talented guy in a lot of ways.
Governor Joe Lombardo, who's fantastic, and we're doing well at his state. And he's going to make sure that there's no hanky-panky going on. And if that happens, we're going to win this great state. But you know who he is, and he's a fantastic governor. Senators Bill Hagerty, Marsha Blackburn, Cynthia Lummis, Tim Scott.
And Tim was great. Boy, I'll tell you. He was such a strong voice for me. He was on so many shows and did such a great job during the primaries. He was incredible. I want to thank him. Special guy. They're all special people. They're warriors. Tommy Tuberville. You know Tommy Tuberville, senator from Alabama?
And you have many members of Congress, Andy Ogles, Thomas Massie, John Rose, Mark Green, and French Hill, and the next U.S. senator from Ohio. I hear he's doing very well, Bernie Moreno. Where is Bernie? I hear Bernie's doing well. The great Laura Loomer. Some of you know Laura. She's a fantastic person, great woman.
And a tremendous developer from New York and Florida, one of the best, Steve Witkoff. And he's got his son, Alex, with him today. That's an incredible family, development family. They've been supporters from the beginning. Howard Lutnick, Cantor Fitzgerald, incredible -- one of the truly brilliant men of Wall Street.
And a whole group of his distinguished guests and a lot of our distinguished guests. We have a lot of other people here, and I won't bother anymore. That's enough. Because we have to talk about crypto. We have to talk about bitcoin. We have to talk about all these great companies. But our country's blessed to have the extraordinary talent, energy, and genius represented in this room.
It really is great genius. Not all of you, but most of you, many of you. But this is the kind of spirit that built America, and this is the spirit that's going to help us make America great again. It's what we're doing. I stand before you today filled with respect and admiration for what the bitcoin community has achieved.
It's incredible, actually. I sort of say to my sons, it's like incredible because they know so much about it. It's so -- they're so aware of it, much more so than people that are a little bit older. But I say this is the steel industry of a 100 years ago. Really is. I think you're just in your infancy. I can see it happening.
In just 15 years, bitcoin has gone from merely an idea posted anonymously on an Internet message board to being the ninth most valuable asset anywhere in the world. Can you believe that? Is that right? That's a big deal. Think of that. It's already bigger than ExxonMobil. Soon, it will be surpassing the entire market cap of silver.
It's not bad. How about gold? How about gold? Let's go, gold. And one day, it probably will overtake gold. But based on the way it's going now, it could very well be a possibility. There's never been anything like it, and I don't think you've ever seen anything like it. And most people have no idea what the hell it is. You know that, right?
So, what happens when they figure it out? That's going to really be something. Bitcoin is not just a marvel of technology. As you know, it's a miracle of cooperation and human achievement, a lot of relationships that are formed. I just did a meeting, a roundtable with a lot of the leaders, and it's amazing.
There's a great camaraderie. It's really interesting. There's -- obviously, there's competition, but there's a relationship. There's a friendship that's developed with a lot of these people. I noticed it. I don't usually see that too often. I see the opposite, actually. They want to -- they want to get each other.
They want to kill each other. These guys have a great feeling, very smart people, too. Congratulations on all that you've accomplished. This room is amazing. The people in this room, high-IQ individuals. I'm running against a low-IQ individual, her. I'm not even talking about him, her. I got a low-IQ individual.
The reason I've come to address the bitcoin community today can be summed up in two very simple words, America first. Because if we don't do it, China's going to be doing, others are going to be doing it. Let's do it and do it right. My vision is for an America that dominates the future. We have the best economy, the highest standard of living, the safest, the most beautiful cities.
And by the way, when I say safest, our cities are going to hell right now. Our cities are going to hell. We're going to fix our cities. We're going to work with Democrats that have destroyed our cities, but we'll work with them and we're going to get our cities back. We're going to bring our country back.
And we really were the freest and the most ambitious, most dynamic nation ever to exist on Earth. And we're going to get that back again because we're not there now. We're a nation in decline. You know it. We know it. Doesn't sound nice. But it's OK because we're going to bring it back. We're going to bring it back fast.
Right now, it's -- it's embarrassing. It's embarrassing what's happened. Even today, when you look at what we just said, that would never have happened if they respected our country. If we don't embrace crypto and bitcoin technology, China will, other countries will. They'll dominate, and we cannot let China dominate.
They are making too much progress as it is. And we want them to be successful. I would want China to be successful, but we have to be the most successful. It's what's going to happen. I want the United States to be first in technology, first in science, first in manufacturing, first in artificial intelligence, and first in space.
You know, at MIT, my uncle was a professor there, Dr. John Trump. He would have fit in with this room very nicely, actually. That's why I mentioned it. And I believe he was the longest-serving professor in the history of MIT. He graduated -- we have a very intelligent family, actually. He graduated tremendously.
I think he has three different degrees, but they said, "Would you like to stay on, John, and be a professor?" Well, I've got a lot of offers, I assume he said, but I've got a lot of offers. Well, we'd like -- he was there for, I believe, 41 years. When I was in the White House, the head of MIT came to see me, and they presented me with a book on my uncle.
He was a legendary guy in the academic world and in the world of MIT. So, I understand a lot about what you're doing, and I have great respect for highly intelligent people. And you are highly intelligent. America's destiny is to lead our rivals and everything and to surrender our industries to no one, to no one.
You know, some of you are involved with AI, but you also have the same thing. You need a thing called electricity. You need a lot of electricity. You know, AI needs -- well, to be really dominant -- and China can do it much easier. We have environmental impact statements to do, but we're going to do things that nobody thought were possible.
You need tremendous amounts of electricity. You need double the electricity of the entire electricity that we have right now in the United States to dominate, and we'll get that done. Who would think we can get that done? But we're going to get it done. We'll be having power plants built at the sites. We'll be releasing people from certain ridiculous requirements.
And we'll be using fossil fuel to make electricity because we're going to have to. We'll be using nuclear. We'll be doing it in an environmentally friendly way, but we will be creating so much electricity that you'll be saying, 'Please, please, President, we don't want any more electricity. We can't stand it." You'll be begging me, "No more electricity, Sir.
We have enough. We have enough." You know, in, the Midwest, they just opened, it was very interesting. They just opened up two chargers, you know, a charger for the electric cars. And, you know, I love Elon. He's great. He endorsed me and great endorsement and everything else. But not everybody has to have an electric car.
I told him that. So, we're going to get rid of that mandate if you don't mind. Some people want gasoline-propelled cars. Some people want a hybrid. And some people like an electric car. They're great. I think they're great. I think what he's done is great. I think he understands it. I guess he probably wouldn't have endorsed me. He knows where I am on this, but he did.
And it's just like they did these chargers in the Midwest. There are eight of them. They spent $9 billion to build eight charges to charge up a car. And at that rate, it would cost approximately $12 trillion to put the chargers. Somehow, that's not working. The country would have to file for Chapter 11. We'll do a chapter -- you know, it's called Chapter 7 instead of a Chapter 11, but it's the equivalent.
No. We have to use our brain. We have to be -- we are the party of common sense, OK? We have to have common sense. But what we do have to do is we have to produce tremendous electric for AI and for all of the other things, including the things that you're doing. And we'll get it produced, and we're going to get it produced fast, or we're not going to be able to compete with China and other countries.
So, we're going to get it produced fast. This afternoon, I'm laying out my plan to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world. And we'll get it done. If crypto is going to define the future, I want to be mined, minted, and made in the USA, it's going to be. It's not going to be made anywhere else.
And if bitcoin is going to the moon, as we say. It's going to the moon. I want America to be the nation that leads the way, and that's what's going to happen. No. You're going to be very happy with me. You're going to be so happy. You're going to say, "He's the greatest guy." That's why I'm proud to be the first major party nominee in American history to accept donations in bitcoin and crypto.
And they've made a lot of them, I might tell you, and I appreciate it. Since we made that announcement on May 21st, we have already raised $25 million, much of it in bitcoin, crypto, and others others that are very, very good also. But as you know, our excitement about the future of bitcoin and crypto could not be more difficult from the approach of our opponents.
Can't be -- look, our opponents have gone a difficult route. They're going old-fashioned stuff. We're going to take it right down the middle. We are going to -- we are so different from anybody else in terms of a campaign. First of all, we understand it. They don't understand it. They are blocking your path.
They are blocking your way. But I've made it a lot easier for you because the SEC has been very, very tough on you. And now, they see that you've embraced me. All of a sudden, people that were under investigation, they're being let go. They say, "Oh, no. We don't want to do that. We love crypto." Let me tell you.
If they win this election, every one of you will be gone. They will be vicious. They will be ruthless. They will do things that you wouldn't believe. But right now, because of me, they're leaving you alone. So, please say, "Thank you, President Trump. Thank you very much." And the reason they're doing that is -- I've heard from some of your great geniuses that talked to me about this subject.
I've heard from Vivek, 175 million people, in some form, are involved with this world of crypto and bitcoin and all of the others, 175 million. So, when they heard that, they said, "Let's be nice to them at least until after the election." So, I've taken a lot of pressure off a lot of people. A lot of people are very happy today that about three months ago weren't so thrilled.
For three and a half years -- is that right? He just said, "That's right." And you know it's right. For three and a half years, the current administration has waged a war on crypto and bitcoin like nobody's ever seen before. For those who work in this industry, they target your banks. They choke off your financial services.
Have people seen that? Yes? Yeah. They have. Plenty of hands up. They block ordinary Americans from transferring money to your exchanges. They slander your -- they slander you as criminals. But that happened to me too because I said the election was rigged. He said the election was rigged. He should spend the rest of his life in jail for making that statement.
Of course, they say it about us, and it's OK, right? No. And by the way, we're doing very well on the election. You know, we lost a candidate recently, Crooked Joe Biden. And I thought we lost this wonderful person. You know, he's actually a terrible human being if you want to know the truth, so don't feel sorry.
And we have another worst -- he's the worst human being but -- and I sort of made an analogy last night. Last night, think of this, I was speaking in front of a very powerful and very strong, very religious group, Christian group, Christians, evangelicals, Christians. And then today, I come in front of bitcoin.
And now, I'm going to Minnesota to do a rally. You think my life is so great, don't you, huh? But I cover a lot of territory. I go from religion to bitcoin to a rally, and I don't get it mixed up like other people do. When they come out and they say, may god bless everybody involved in the bitcoin world.
But, actually, we mean that because you need blessing because you've got to do something very spectacular.
But we had an incredible -- an incredible time last night talking to Christians, largely Christians, a Christian group. And this is so great. And then we have a very big rally in Minnesota. Hasn't been won since 1972, Richard Nixon. Can you believe it? And I think -- you know, I think we're leading Minnesota, but there's some hanky-panky that goes on in Minnesota.
But I think we're doing good, so we're going to leave here. We're going to go there for a big rally. But this is such an honor to be with you. Sadly, when we see the attacks on crypto, it's a part of a much larger pattern that's being carried out by the same left-wing fascists who weaponize government against any threat to their power.
They've done it to me. Did you see I just won the big case in Florida? Thank you very much. The big case in Florida. Thank you very much. Good. Now, it's a big case. That was the document case. I have Presidential Records Act on my side; Biden didn't. By the way, Biden, they said -- here's what they said.
They said, "He's guilty as hell, but we're not going to charge him because he's incompetent." I won the case the old-fashioned way. It's called, you win. I wouldn't have wanted to win the way he won. "Trump won the case because they called him incompetent." Think of this. So, they called him incompetent.
So, he's incompetent to run for trial, to stand trial, but he's not incompetent to run the country.
How does that work? But he's not doing it anymore because he didn't do particularly well in the debate. Did anybody watch the debate? Not too many people. Somebody said to me, "You did horribly in the debate." I said, "Why?" He said, "Because there's no way he can continue forward." That's how bad he was.
I said, "I understand that." And that's exactly what happened, actually. We had a great debate. It was a tremendous debate, actually. And since then -- hey, look. You have to open the eyes. You have to see what's going on. We have a country to run. The problem is that Kamala is worse than Joe. She's worse.
She's a radical-left lunatic, defund the police, all of the different things. And so far, we're doing -- she's got a little honeymoon going on right now. But when people hear about her -- and she's against crypto, by the way, and she's against it very big. So, I just want to let you know, you gotta get out.
"As Bitcoin adoption rises, opportunities emerge for diverse industries to leverage blockchain technology."