Bitcoin Conference: Here are The Major Highlights From The Event
Highlights
- The Bitcoin Conference broke the internet this week with high profile attendees
- Donald Trump and RFK promised to uphold support for the Industry if elected
- President Trump promised to fire SEC Chairman Gary Gensler if elected
The 2024 Bitcoin Conference which kicked off on Thursday finally came to an end on Saturday with several exciting highlights.
Political Promises From The Bitcoin Conference
Republican Presidential candidate Donald Trump gave an outstanding speech on the last day of the Bitcoin Conference. The 78-year-old politician highlighted his potential crypto-related policies, all in a bid to woo crypto voters. Part of his plan is to fire SEC Chair Gary Gensler on his first day in office. This announcement underscores Trump’s aggressive stance on reshaping crypto regulations.
He went on to describe Bitcoin as a marvel of technology that showcases the epitome of cooperation and achievement. Trump also took a jab at Vice President Kamala Harris, calling her a radical. He did not fail to tell his audience how ‘anti-crypto’ the potential Democrat Presidential candidate is.
Similarly, Independent Presidential candidate Robert F. Kennedy Jr., outlined his plans for the US should he win the elections. One of which is to transform how the US perceives Bitcoin (BTC). On his first day in office, RFK said he will sign multiple executive orders aimed at integrating BTC into the U.S. economic strategy.
RFK highlighted that he will direct the Department of Justice and U.S. Marshals to transfer the approximately 200,000 BTC reserve held by the government to the U.S. Treasury. As usual, the lofty plans met with criticism from Peter Schiff.
Institutional Support For Bitcoin And a Macro Scale Price Prediction
During the Bitcoin Conference, global financial services firm Cantor Fitzgerald revealed the launch of a Bitcoin financing division to give leverage to investors who hold the asset. According to Howard Lutnick the Chairman of the firm, Cantor Fitzgerald owns a “shit load” of BTC.
His revelation aimed at showcasing the financial service provider’s full-throated support for the crypto ecosystem. Also, it reflects the increasing demand for crypto-related products amongst institutional investors.
With all other traction Bitcoin got during the conference, MicroStrategy founder Michael Saylor strongly believe the coin should get set for a bull run. He shared his long-term prediction for Bitcoin price, including forecasting that its annual growth rate might slow from 55% to 20% by 2045. Ultimately, it would drive the value of the coin to a staggering $13 million per unit.
BTC price is currently trading at $67,989.33, corresponding with a 0.99% drop within the last 24 hours. However, the flagship crypto could still see some uptrend later this week and this may stir bullish surge in altcoins as well.
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