- Coinpaper Digest
- Posts
- Trump’s Bitcoin Dreams: National Reserve and No Selling Policy!
Trump’s Bitcoin Dreams: National Reserve and No Selling Policy!
Trump pledged to create a "strategic national Bitcoin reserve" if he gets elected.
Danielle du Toit
July 29, 2024
This newsletter is brought to you by:
Just imagine this: A stunning painting by Claude Monet, originally purchased for $6.8 million, has been sold to its new keeper for $8 million in just 631 days! This feat was made possible by Masterworks, a platform dedicated to investments in high-value artworks.
Masterworks simplifies the sometimes complex art investment process. They handle everything from the meticulous selection and acquisition of artworks, to ensuring their safekeeping, and overseeing their eventual sale.
Upon the sale of an artwork, investors have the opportunity to earn a share of the net profits, offering them the opportunity to make some impressive investment returns.
The platform has already attracted thousands of members, so don't let this opportunity pass you by!
Here's what we've got for you today:
Donald Trump Promises National Bitcoin Reserve at Bitcoin Conference
Vitalik Buterin Refutes Centralization Claims in Ethereum Debate
Sen. Cynthia Lummis Announces Bill for US Treasury to Buy 1 Million Bitcoin Worth $68 Billion: Bitcoin 2024
Kiyosaki Praises Trump’s Bitcoin Endorsement, Slams ‘Fake Money’ Economy
During his speech at the Bitcoin 2024 conference, Donald Trump pledged to create a "strategic national Bitcoin reserve" if he gets elected.
Trump also vowed that the government will "never sell" the Bitcoin it has seized.
Additionally, Trump compared crypto's potential to the steel industry's a century ago and predicted that it could surpass gold in value.
Trump criticized the current administration's stance on crypto and warned that a Democratic victory in the upcoming election will be detrimental to the crypto industry.
The founder has responded to recent claims made by Péter Szilágyi regarding the alleged centralization of the Ethereum network.
In a post on X, Szilágyi criticized Ethereum's current direction, particularly the upcoming network forks and the PeerDAS proposal, and stated that he is concerned about increasing centralization.
Szilágyi alleged that the Ethereum research team's plan to increase blob sizes to 32MB would undermine Ethereum's decentralized nature.
Buterin quickly denied Szilágyi's claims, and pointed out some of the ongoing initiatives and discussions in the Ethereum research community that is directly aimed at maintaining the network's decentralization.
Lummis will introduce a bill to direct the U.S. Treasury to buy 1 million bitcoins over a period of five years.
Lummis is impressed by Bitcoin's strong performance as a store of value, especially considering its average annual increase of about 55% over the past four years, in contrast to the declining value of the U.S. dollar.
According to Lummis, the legislation would have the U.S. Treasury self-custody the bitcoins across “a variety of geographic locations.” The government would hold those coins for at least 20 years unless the tokens are sold to reduce the debt.
The Senator is a long-time advocate for Bitcoin since buying her first tokens in 2013, and has been at the forefront of efforts to pass crypto-specific legislation.
Robert Kiyosaki took to social media to encourage his followers to buy Bitcoin, gold, and silver as the U.S. government continues to print more money.
In his X post, Kiyosaki urged people to stop working for "fake money" and invest in more substantial assets like Bitcoin, gold, and silver as hedges against inflation.
Kiyosaki also praised Donald Trump as a "financially brilliant man" for endorsing Bitcoin and criticized U.S. authorities for making Americans work for "counterfeit money."
Additionally, he harshly criticized Kamala Harris, calling her "dumb as a houseplant."
👀 QUICK NEWS
MEME OF THE DAY
How did you like today's newsletter? |
That’s it for today. Don’t forget to share Coinpaper Digest with your friends!