After a competitive campaign, Donald Trump is set to become the 47th President of the United States. The 𝐓𝐫𝐮𝐦𝐩 𝐜𝐚𝐦𝐩𝐚𝐢𝐠𝐧 𝐧𝐨𝐭𝐚𝐛𝐥𝐲 𝐫𝐞𝐚𝐜𝐡𝐞𝐝 𝐨𝐮𝐭 𝐭𝐨 𝐭𝐡𝐞 𝐜𝐫𝐲𝐩𝐭𝐨 𝐜𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲, using crypto narratives to engage younger, tech-savvy voters.

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With Bitcoin trading above $80,000 and BlackRock spot-Bitcoin ETFs surpassing the size of its gold fund, there are clear indicators of robust interest in Bitcoin and structured investment products.

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At the Bitcoin 2024 conference in Nashville, Tennessee this July, Trump gave a 43-minute speech, making several promises about Bitcoin and blockchain’s role in the future economy.

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Let us reflect on his pledges and consider how his return might shape a new era for crypto:

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1. 𝐏𝐫𝐨-𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐨𝐥𝐢𝐜𝐢𝐞𝐬 𝐚𝐧𝐝 𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐢𝐨𝐧:

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• “On day one, I will fire Gary Gensler. I will appoint a new SEC chairman who believes America should build the future, not block the future.”

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• “As president, I will immediately shut down Operation Chokepoint 2.0.”

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𝐓𝐡𝐞 𝐁𝐢𝐠𝐠𝐞𝐫 𝐏𝐢𝐜𝐭𝐮𝐫𝐞:

Trump’s push to dismantle anti-crypto regulations could unlock an era of unprecedented institutional investment in digital assets. With this approach, we may see swift ETF approvals, encouraging more traditional finance players to dive into crypto. This bold stance could position the U.S. as the global epicenter of tokenization, attracting projects and capital from around the world. One should expect US to solidify its role as the foremost destination for crypto and blockchain development.

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2. 𝐃𝐨𝐦𝐞𝐬𝐭𝐢𝐜 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐚𝐧𝐝 𝐁𝐥𝐨𝐜𝐤𝐜𝐡𝐚𝐢𝐧 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐩𝐨𝐥𝐢𝐜𝐲:

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• “If crypto is going to define the future, I want it to be mined, minted, and made in the USA.”

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• “America will become the world’s undisputed Bitcoin mining powerhouse.”

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• “We will keep each and every Bitcoin job in the United States of America.”

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𝐓𝐡𝐞 𝐁𝐢𝐠𝐠𝐞𝐫 𝐏𝐢𝐜𝐭𝐮𝐫𝐞:

With plans for U.S.-based Bitcoin mining expansion and potential energy subsidies, the U.S. could soon see a notable shift in global hash rate dominance. An influx of mining hubs across the nation could drive job creation and tech investment, breathing new life into areas affected by declining manufacturing.

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3. 𝐎𝐩𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐭𝐨 𝐂𝐞𝐧𝐭𝐫𝐚𝐥 𝐁𝐚𝐧𝐤 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐂𝐮𝐫𝐫𝐞𝐧𝐜𝐲 (𝐂𝐁𝐃𝐂):

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• “The creation of a central bank digital currency is over. Forget it. CBDC. There will never be a CBDC while I’m President.”

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𝐓𝐡𝐞 𝐁𝐢𝐠𝐠𝐞𝐫 𝐏𝐢𝐜𝐭𝐮𝐫𝐞:

By halting CBDC development, Trump aligns with a decentralized vision of finance, casting Bitcoin as a bulwark of individual autonomy. This shift suggests a regulatory framework that favors U.S.-backed stablecoins and may expedite the Stablecoin Act, fostering a private sector-driven digital dollar.

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4. 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐒𝐮𝐩𝐩𝐨𝐫𝐭
• “From the very first day we take back the White House, we will replace the Biden-Harris economic stagnation with a brand-new Trump economic boom.”
• “I will cut unnecessary and burdensome regulations, fight every day to make America the best place on earth to build a business, including a crypto business.”
• “I will be the pro-innovation and pro-Bitcoin president that America needs and our citizens deserve.”

𝐓𝐡𝐞 𝐁𝐢𝐠𝐠𝐞𝐫 𝐏𝐢𝐜𝐭𝐮𝐫𝐞:
Deregulation could unleash a wave of venture capital into U.S. blockchain startups, potentially prompting crypto foundations and high-growth startups to return from overseas. As America reclaims its standing as a blockchain innovation hub, expect a dynamic shift in tech talent and venture funding back to U.S. soil. Trump’s stance may make the U.S. the go-to destination for blockchain entrepreneurs.

5. 𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐚𝐬 𝐚 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐬𝐬𝐞𝐭
• “The federal government has almost 210,000 Bitcoin… But for too long our government has violated the cardinal rule that every Bitcoiner knows by heart. Never sell your Bitcoin.”
• “If elected, it will be the policy of my administration to keep 100% of all the Bitcoin the U.S. government currently holds or acquires into the future.”

𝐓𝐡𝐞 𝐁𝐢𝐠𝐠𝐞𝐫 𝐏𝐢𝐜𝐭𝐮𝐫𝐞:
Retaining Bitcoin as a national asset is a statement that could redefine global reserve strategies. If Bitcoin’s value soars, the U.S. government’s holdings might propel the nation’s balance sheet, transforming Bitcoin into a quasi-reserve currency. This unprecedented strategy could prompt other governments to consider Bitcoin reserves, signaling a seismic shift in financial power structures.

6. 𝐂𝐫𝐢𝐦𝐢𝐧𝐚𝐥 𝐉𝐮𝐬𝐭𝐢𝐜𝐞 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐂𝐫𝐲𝐩𝐭𝐨 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲
• “Today, I repeat my pledge to commute the sentence of Ross Ulbricht to a sentence of time served.”

𝐓𝐡𝐞 𝐁𝐢𝐠𝐠𝐞𝐫 𝐏𝐢𝐜𝐭𝐮𝐫𝐞:
Trump’s promise to commute Ross Ulbricht’s sentence resonates deeply within libertarian and privacy-focused crypto circles. This gesture is more than a policy stance; it’s a symbolic endorsement of individual freedoms in the digital age. By supporting Ulbricht, Trump strengthens his rapport with decentralization advocates, signaling a government less inclined to punish innovation and more open to reforming outdated digital-era policies.

Have you watched the speech? What are your thoughts about the above?

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Disclaimer: This content is for educational and informational purposes only and does not constitute trading, legal, or investment advice. It is directed at our followers in Switzerland and may not represent the views of FiCAS. The author may hold assets mentioned in this article and assumes no obligation or responsibility for any actions taken based on the information provided.