During his address, Trump unveiled plans to create a strategic national reserve of BTC if he is re-elected.
Ahead of Trump’s speech, the price of Bitcoin rose above $69K on Saturday. After his address, the price briefly fell to $66K before rebounding to $68K.
During the speech, long positions (bets on higher prices) worth approximately $24M were liquidated.
The Bitcoin 2024 conference, held in Nashville, is one of the most significant events in the cryptocurrency industry. It brings together top industry leaders, investors, policymakers, and enthusiasts to discuss the latest trends, technologies, and regulatory issues in the crypto world.
This year’s conference featured keynote speakers, panel discussions, and workshops on various topics including blockchain technology, decentralized finance (DeFi), and the future of digital currencies.
The event also provided networking opportunities and showcased innovations from leading crypto companies. Trump’s participation and his bold announcement regarding BTC reserves added considerable attention and excitement to the event.