- August 1, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
The support for Bitcoin (BTC) and the industry from former president Donald Trump has been evident in previous declarations and the most recent speech he gave at the 2024 Bitcoin Conference held in Nashville over the weekend. Now, Trump has launched a new line of sneakers inspired by the largest cryptocurrency in the market.
Trump Unveils Exclusive ‘Bitcoin Sneakers’
In a recent post on his Truth Social platform, Trump shared his enthusiasm following the Nashville event, urging supporters to acquire his new “Bitcoin Sneakers” that are now available. Trump stated that these limited edition shoes, each uniquely numbered, can be purchased using Bitcoin or other preferred cryptocurrencies.
The design of these sneakers, shown in the image above, has the phrase “Trump Crypto President” prominently displayed, an homage to his previous remarks made during a fundraising event in San Francisco earlier this year.
Attendees at the gathering reported that Trump declared himself the “crypto president,” signaling his support for the cryptocurrency sector after a significant shift from his previous stance and skepticism of crypto and BTC.
Notably, the fundraiser hosted by tech venture capitalist David Sacks in the upscale Pacific Heights neighborhood successfully raised $12 million for Trump’s presidential campaign.
As reported by Bitcoinist on Tuesday, following his speech at the 2024 Bitcoin Conference, Trump’s campaign also received a substantial $25 million in donations, as the former president delineated ambitious plans for crypto adoption, promising significant regulatory reforms if elected to office.
Trump’s Plan To Safeguard Crypto
A key highlight of Trump’s proposed agenda is the immediate removal of Gary Gensler as the current chairman of the US Securities and Exchange Commission (SEC), who is perceived by many as an opponent of cryptocurrencies after years of a crackdown on the industry that has only intensified in recent months.
Trump aims to appoint a new SEC Chairman who will champion the growth of digital assets and the overall industry, emphasizing the importance of fostering innovation rather than impeding progress.
In addition, Donald Trump has pledged to protect the crypto industry from regulations advocated by figures such as Senator Elizabeth Warren, and to reverse what he perceives as the current Biden administration’s “anti-crypto” stance.
Not only that, but Trump wants to create a national Bitcoin reserve to bolster the US dollar and ensure that all government-owned Bitcoin remains in national hands rather than being liquidated.
Lastly, the former president envisions transforming the United States into a global crypto hub and a dominant force in the Bitcoin sphere, projecting the digital asset to surpass gold in market capitalization in the near future.
At the time of writing, the largest cryptocurrency on the market is trading at $66,526, up slightly 1% in the last 24 hours after days of consolidation between the current trading price and $68,000.
Featured image from DALL-E, chart from TradingView.com
