Speculation Grows: Trump to Back Bitcoin as US Strategic Reserve at 2024 Conference

• Donald Trump is invited to deliver a keynote address at the Bitcoin 2024 Conference in Nashville.
• Simon Dixon confirms rumors about Trump proclaiming Bitcoin as the US’ strategic reserve.
• Dennis Porter highlights the potential impacts of the strategic shift in the US financial policy.

Republican Presidential Candidate Donald Trump’s much-awaited presence at the upcoming Bitcoin 2024 Conference in Nashville has sparked speculations about Trump endorsing Bitcoin as a strategic reserve. 

Simon Dixon, a prominent Bitcoin investor and the author of the first Bitcoin book, shared an X post confirming the rumors about Trump’s strategic move. In his tweet, more reliable sources affirm the possibility of Trump considering Bitcoin as a strategic reserve.

Notably, Trump has been invited to deliver a keynote address at the nation’s largest gathering of crypto enthusiasts, the Bitcoin Conference , scheduled for July 25 to 27. Alongside the conference, Trump will participate in a campaign fundraiser in Nashville, where the top ticket costs $844,600 per head. For $60,000, an individual can take a photo with Trump during the event.

Analysts anticipate a critical shift in US financial policy due to the growing influence of Bitcoin and Trump’s pro-crypto stance ahead of the election. SatoshiActFund CEO Dennis Porter has voiced the potential impact of Bitcoin becoming the nation’s reserve. He claims such a move could be a “decisive win” for both the US and Bitcoin.

In a previous X post, Dennis hinted at how the financial shift in the US would have a global impact. He wrote : “Adding Bitcoin as a ‘strategic reserve’ to the US Treasury is a no-brainer, and once the USA does it, the paradigm will shift, and the world will understand they must also have a Bitcoin position.” However, Trump hasn’t yet commented on the matter. It remains to be seen whether the former President will initiate a financial shift and how it will impact the nation.