Fri, July 26, 2024 at 21:23

• 

  Kang-hoon

  • Hello, Annie.

  • Today, I have some intriguing news about former US President Donald Trump and his upcoming speech at the Bitcoin 2024 conference in Nashville.

  • 
• Annie

  • Oh, that sounds interesting!😮 What is the significance of his speech at this event?

  
• 

  Kang-hoon

  • Well, Annie, Trump's speech is highly anticipated because it marks a significant shift in his stance towards cryptocurrencies.

  • During his presidency, he was quite skeptical of Bitcoin and digital assets, but recently, he has become a strong supporter.

• Annie

  • Wow, that's quite a change!

  • What do you think prompted this shift?

  
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• 

  Kang-hoon

  • Several factors, Annie.

  • One major reason is the substantial financial contributions from U.S. crypto companies and executives to his 2024 election campaign.

  • For instance, Fairshake, an industry super PAC, raised $230 million this election cycle.

• Annie

  • That's a lot of money!💰 So, what are the crypto community's expectations from his speech?

  
• 

  Kang-hoon

  • The community is hoping Trump will outline specific pro-crypto policies.

  • This includes potentially including Bitcoin in the US government's strategic reserve, protecting Bitcoin mining rights, and preventing the establishment of a U.S. central bank digital currency (CBDC).

• Annie

  • Interesting.

  • Do you think he will make any concrete promises?

  
• 

  Kang-hoon

  • It's hard to say for sure, but just his attendance at the event has already garnered significant goodwill from the industry.

  • Whether he will make specific policy commitments or general pledges will be revealed on Saturday afternoon.

• Annie

  • Given his past skepticism, do you think his new stance is genuine?

  
• 

  Kang-hoon

  • It's possible that his stance is influenced by the financial support he has received.

  • However, the inclusion of pro-crypto policies in the Republican National Committee's platform suggests a broader shift within the party.

• Annie

  • That makes sense.

  • How do you think this will impact the crypto market?

  
• 

  Kang-hoon

  • If Trump lays out clear pro-crypto policies, it could significantly boost market confidence and potentially drive up the value of cryptocurrencies.

  • His support could also lead to more favorable regulations for the industry.

• Annie

  • That's good to hear!😊 What about the timing of this speech?

  • Is there any particular reason it's happening now?

  
• 

  Kang-hoon

  • Yes, the speech comes at a crucial point in the 2024 presidential election.

  • With the recent assassination attempt on Trump and changes in the Democratic nominee, the political landscape is highly dynamic.

  • 

  • Cryptocurrency is expected to be a major topic of discussion.

• Annie

  • I see.

  • Do you think this will have any long-term effects on the crypto industry?

  
• 

  Kang-hoon

  • Absolutely.

  • If Trump and the Republican Party continue to support pro-crypto policies, it could lead to a more stable and favorable regulatory environment for the industry in the long term.

• Annie

  • That's very insightful.

  • Thank you, Kang-hoon.

  • So, in your opinion, is this news a positive development for the crypto market?

  
• 

  Kang-hoon

  • Yes, Annie, I believe this is a positive development.

  • Trump's support and potential policy commitments could provide a significant boost to the crypto market, both in terms of confidence and regulatory clarity.

  • Upon comprehensive consideration, this news is perceived as a 😍Bullish.