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: Trump, Bitcoin, vote, cryptocurrency, freedom, anti-crypto regulation, crypto growth, self-custody, stablecoins, Gary Gensler, SEC reform, CBDC opposition, financial sovereignty, Biden-Harris policy, anti-woke
The reason could not be more clear because bitcoin stands for freedom, sovereignty, and independence from government coercion and control. The Biden-Harris administration's repression of crypto and bitcoin is wrong, and it's very bad for our country. It's really quite un-American. As you know, six days ago, we officially defeated the worst president in the history of the United States.
I believe he was the worst president in the in the history of the United States. Think of it. Millions and millions of people have come into our country. They've come in from jails. They've come in from, think of it, insane asylums, mental institutions. They've come in as terrorists. We have the largest number of terrorists coming into our country right now, the same people that you just heard about from Israel, that did that in Israel.
They're coming in, and nobody checks them. Nobody knows what's going on. We have no idea what's going on. They've lost control of our country, and only bad things can happen. So, it's not going to be that way. We're not going to let that happen. We're beating them, and we're beating them badly, and we have to make sure that we do. We need to do it for our country.
And you can't just be a fighter and have your man lose the fight -- or woman, but in this case, a man. He's losing the fight. He's down by 15, 16, 17 points. They say that. "You're not going to win, Joe. You've got to get out." He didn't want to get out. He said, "I'm not getting out." He said, "You're getting out." He said, "I'm not getting out.
I got 14 million votes. I'm not getting out." They said, "If you're not getting out, we're going to institute the 25th Amendment on your mental competence." He said, like I said before, I think I'm going to get out, OK? And they got him out, but it's like -- think of this. You fight, you're in a campaign.
You spend a lot of money, a lot of time, a lot of effort. And he's losing. And then they say, "Let's take him out of the fight. We'll put a new fighter in there." The new fighter is her, probably my second choice. He will always be my first choice, but she'd be my second choice. And, again, if we don't win this race, and I know you're not that political but you have to be political because your whole thing, I mean, you have a lot of politics involved in what you do. If we don't win this race, this country could be finished as we know it. This country's going to be in bad shape, and we have to be in there.
We have to fight, and we have to win. And I pledge to the bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris's anti-crypto crusade will be over. It will end. It'll be done. It'll be done. The moment I'm sworn in, the persecution stops and the weaponization ends against your industry.
And as long as I'm in the Oval Office, Elizabeth Warren, Pocahontas -- do you remember? "Yes, I'm an Indian," she said. "I'm an Indian." Why are you an Indian? You don't look like an Indian. "No. No. My mother told me I have high cheekbones." Oh, that's why she was an Indian. So, I named her Pocahontas. Elizabeth Warren and her goons, and she's very nasty to you.
She hates your people. She hates everything about you. We'll keep their hands off bitcoin. They're going to keep their hands off crypto. They're going to let it grow. We're going to let it grow. On day one, I will fire Gary Gensler and appoint a new SEC chairman. [Applause] I didn't know he was that unpopular.
Wow. I didn't know he was that unpopular. Let me say it again. On day one, I will fire Gary Gensler. Whoa. [Audience chants "Trump"] I will appoint a new SEC chairman who believes America should build the future, not block the future, which is what they're doing. And Kamala Harris wants to make him Treasury secretary.
That's not good. That's not good. He was Hillary Clinton's finance person. Did you know that? Crooked Hillary. Remember Crooked Hillary? Do you remember her? Anybody remember? He was the finance chairman of Hillary Clinton's campaign against the gentleman known as Donald Trump, not a popular person within the -- actually, she came to my wedding.
Do you know that? To our great first lady, Melania. She came to our wedding, and Bill came to our wedding. But it's amazing things -- when you run for office, a lot of things change in your life. A lot of things change. As president, I will immediately shut down Operation Choke Point 2.0. They want to choke you.
They want to choke you out of business. We're not going to let that happen. And no longer will your government sit by and watch as bitcoin jobs and businesses flee to other countries because America's laws are too unclear and too tough and too angry and too stiff. We will keep each and every bitcoin job in the United States of America.
That's what we're going to be doing. Upon taking office, I will immediately appoint a bitcoin and crypto presidential advisory council. Would anybody like to be on that particular council? Please raise your hand. Their task will be to design transparent regulatory guidance for the benefit of the entire industry, and they will get it done in 100 days.
We will have regulations, but from now on, the rules will be written by people who love your industry, not hate your industry; people that want to make it clear and simple, straightforward, and fair; people that want to see your industry thrive, not dive. Next, I will immediately order the Treasury department and other federal agencies to cease and desist all steps necessary because, you know, there's a thing going on in your industry.
They want to move the creation of a central bank digital currency. It's over. Forget it. [Audience boos] CBDC, there will never be a CBDC while I'm president of the United States. And I will always defend the right to self-custody, self-custody. You're going to have a great industry. You're going to have a great industry, and we're going to be fuel for your industry, not demolish your industry.
America will once again be a nation that protects property rights, privacy, freedom of transaction, freedom of association, and freedom of speech. We're going to change our -- we're going to go back to the old days when we were a nation that was building, not a nation that was eating itself alive from within.
As part of our effort to provide regulatory clarity, we will create a framework to enable the safe and responsible expansion of staple stable coins. Do you know what a stable coin is? Does anybody know? Please raise your hand. Allowing us to extend the dominance of the US dollar to new frontiers all around the world.
America will be richer. The world will be better, and there will be billions and billions of people brought into crypto economy and storing their savings in bitcoin. So, that's the way it is. That's pretty much the way it is. Those who say that bitcoin is a threat to the dollar have the story exactly backwards.
I believe it is exactly backwards. Bitcoin is not threatening the dollar. The behavior of the current US government is really threatening the dollar. The danger to our financial future does not come from crypto. It comes from Washington, DC. It comes from trillions of dollars in waste, rampant inflation, and open borders while giving welfare and free health care to all of the illegal aliens that are pouring into our country by the millions and millions and millions.
It comes from printing hundreds of billions of dollars to fund endless wars overseas while our cities are like combat zones here at home. Two weeks ago at Chicago, 117 people were shot and 17 died. Afghanistan doesn't have anything like that. You know, you think about tough places. Look at what's happening with our cities.
What's happening in the last three years, last three and a half years, nobody's ever seen anything like it. Think of it, 117 over 4th July weekend, 117 people were shot and 17 died. This is the United States of America? I don't think so. By the way, when I was president, we had no wars. We had no new wars.
We didn't start it. Remember when Hillary said, "He'll start wars? Look at his personality." No. I said my personality will keep us out of wars. But we finished off some of the old ones like ISIS, which they said would take five years to do, maybe more. We did it in four weeks. We beat ISIS in four because we have a great military.
And it's not a woke military, by the way. Maybe some of the people on top are woke, but this is not a woke -- I got to see that first, first. When I looked at what they did and what they did for me, they were unbelievable. They did things that nobody thought were possible. Our real generals and our soldiers, there's no woke.
They're trying to get them to be woke, but these people are not going to go woke, I can guarantee you that. With your support this November, we will restore competence, and we will restore common sense to our nation's capital. Because, ultimately, it is about -- it's not are you conservative, are you liberal, are you progressive?
They like progressive. It sounds so nice, right? It'll destroy our country. It's actually become a terrible word. It'll destroy our country, but it's not about that. It's about common sense. We want to bring common sense back in. This is all common sense that we're talking about today. And bitcoin and crypto will skyrocket like never before, even beyond your expectations, and you are the people that are doing it. As we stop the war on crypto, we will immediately, and we'll do this very quickly, begin to build our economy because when America is prospering, bitcoin is soaring, and it'll go up with it. We had the greatest economy ever, and we will soon have it again.
Under the Trump administration, the typical middle-class family income rose by $6,000 a year. People don't like mentioning that. America had more money to save than -- at any time in many decades. As a result, during my four years in office -- now, you have to listen to these numbers. These numbers are like beautiful, and I don't want to repeat myself.
Listen to these numbers. As a result, during my four years in office, bitcoin surged by 3,900 percent, from $898 the day I took office to $35,900 the day I left. That was the biggest jump, I guess, in just about any industry. Think of that. Now, compare that to just after three and a half years of Biden and Harris, adjusted for inflation, bitcoin is up 50%. Now, 50% sounds good, but not when you're comparing it to almost 4,000 percent, right?
Fifty percent -- you know, normally, you say, "Oh, that sounds pretty good." Let's not put that into the speech. No. Fifty percent is not good. When people can't afford groceries or rent, they have no savings to store in bitcoin. This administration caused the biggest inflation in the history of our country, and that's what's happened.
"Bitcoin’s decentralized nature ensures resilience, promising independence from centralized financial systems worldwide."