Here is the full transcript of Donald Trump’s full speech at Bitcoin Conference 2024 in Nashville.
Listen to the audio version here:
TRANSCRIPT:
Hello, Bitcoiners. Thank you very much. Hello. It’s good to be with you. It’s good to be with you. So, Secret Service just told me, “Sir, we’d like a little more time.” I said, “You take all the time you want. You can take two hours, three hours, to hell with the people that have been waiting out here.”
And I’m sure they don’t mind either. But it is a great honor. And a lot of things are happening in the world.
Recent Events
We just heard, you probably heard, that Israel was just attacked, or is severely attacked. And Hezbollah, it looks like. And this is things that won’t happen. I mean, you just can’t. They have to respect us. They have to respect. They cannot do this. They cannot do this. What they did just now with that attack is terrible. It just happened. And so, to all, God bless everybody. This is so serious.
They have to respect our country. This would never have happened with us. And we just cannot let it continue. So, we just wish them all a lot of luck. This happened to us as I’m walking on the stage. You probably, most of you have heard about it.
But it just, it’s a terrible thing. But I’m thrilled to be here in Nashville to become the first American president ever to address a Bitcoin event anywhere in the world. Anywhere in the world.
I want to thank David Bailey for inviting me. Special guy. You know, this whole love affair sort of started. David, about four months ago, was at Mar-a-Lago. And I took a picture with him. I mean, he’s a nice looking guy. He’s okay. He’s out here someplace. But I took a picture.
The Bitcoin Industry
It got published. Trump and David Bailey. All of a sudden, your industry went through the roof. So, David, congratulations. Whatever the hell you do, you did a hell of a job. But as well as all of the Bitcoin luminaries and legends here, you have legends in this room. They really are. Congratulations. Would the legends please stand up?
Oh, everyone’s standing anyway. That’s nice. I used to say, “Sit down, everybody, sit down.”
Notable Attendees
But it’s nice when they stand, including Tyler and Cameron. Do you know who that is? Winklevoss. These are great guys. They look like male models with a brain, you know? They’re male models with a big, beautiful brain. Michael Staehler is here. Cathie Wood. Cathie Wood. Ron Paul and Rand Paul are here.
Vivek is here. Vivek Ramaswamy. Where’s Vivek? Where are you, Vivek? There he is. He’s great. A man that I call Bob, but you probably know him as Kid Rock. Where’s Kid Rock? Where is he? He’s great. He’s a good guy and a talented guy and another talented guy. He was so incredible. This one, he went and he played at the funeral of a great fireman who was killed… Fire Chief killed a week and a half ago at the rally. And Billy Ray Cyrus went and played music for the family. And it was supposed to be so incredible.
I’ve heard so many things about it. And Billy Ray Cyrus is here. Where’s Billy Ray? He’s around here someplace. And he’s great. He’s a conservative guy. He said, “How did you get such a liberal daughter?” How did that happen, Billy Ray? And by the way, Kid Rock was incredible at the convention. You probably saw him. He was great. He was great.
Another one, Jake Paul. You don’t want to fight this guy. You know?
You don’t want to fight. He’s got a big fight coming with Mike Tyson. But he’s glad he didn’t fight Mike when Mike was 19. He told me that today. But he’s a fantastic guy. Very talented guy in a lot of ways.
Governor Joe Lombardo, who’s fantastic. And we’re doing well in his state. And he’s going to make sure that there’s no hanky-panky going on. And if that happens, we’re going to win his great state. But you know who he is and he’s a fantastic governor. Senators Bill Hagerty, Marsha Blackburn, Cynthia Lummis, Tim Scott. And Tim was great. Boy, I’ll tell you, he was such a strong voice for me. He was on so many shows and did such a great job during the primaries. He was incredible. I want to thank him. He’s a special guy.
They’re all special people. They’re warriors. Tommy Tuberville. You know Tommy Tuberville? Senator from Alabama. And you have many members of Congress. Andy Ogles, Thomas Massie, John Rose, Mark Green and French Hill. And the next U.S. Senator from Ohio.
I hear he’s doing very well. Bernie Moreno. Where is Bernie? I hear Bernie’s doing well. The great Laura Loomer. Some of you know Laura. She’s a fantastic person, great woman. And a tremendous developer from New York and Florida. One of the best, Steve Witkoff. And he’s got his son Alex with him today. That’s an incredible family, development family. They’ve been supporters from the beginning.
Howard Lutnick, Cantor Fitzgerald. Incredible. One of the truly brilliant men of Wall Street. And a whole group of his distinguished guests. And a lot of our distinguished guests. We have a lot of other people here. And I won’t bother anymore.
Focus on Crypto
That’s enough. Because we have to talk about crypto. We have to talk about Bitcoin. We have to talk about all these great companies. But our country is blessed to have the extraordinary talent, energy and genius represented in this room. It really is great genius. Not all of you, but most of you. Many of you. But this is the kind of spirit that built America.
Making America Great Again
And this is the spirit that’s going to help us make America great again.
The Future of Bitcoin
I think you’re just in your infancy. I can see it happening. In just 15 years Bitcoin has gone from merely an idea posted anonymously on an internet message board to being the ninth most valuable asset anywhere in the world. Can you believe that? Isn’t that great? That’s a big deal. Think of that.
It’s already bigger than Exxon Mobil. Soon it will be surpassing the entire market cap of silver. Not bad.
Bitcoin vs. Gold
How about gold? How about gold? Let’s go gold. And one day it probably will overtake gold. But based on the way it’s going now it could very well be a possibility. There’s never been anything like it.
And I don’t think you’ve ever seen anything like it. And most people have no idea what the hell it is. You know that, right?
The Potential of Bitcoin
So what happens when they figure it out? That’s going to really be something. Bitcoin is not just a marvel of technology. As you know it’s a miracle of cooperation and human achievement in a lot of relationships that are formed. I just did a meeting, a roundtable with a lot of the leaders. And it’s amazing.
There’s a great camaraderie. It’s really interesting. Not only there’s competition but there’s a relationship. There’s a friendship that’s developed with a lot of these people. I noticed it. I don’t usually see that too often.
I see the opposite actually. They want to get each other. They want to kill each other. These guys have a great feeling. Very smart people too. Congratulations on all that you’ve accomplished.
This room is amazing. The people in this room. High IQ individuals. Low IQ individuals. Her. I’m not even talking about him. Her. I got a low IQ individual. The reason I’ve come to address the Bitcoin community today can be summed up in two very simple words.
America First
America first. Because if we don’t do it, China’s going to be doing it. Others are going to be doing it. Let’s do it and do it right. My vision is for an America that dominates the future. We have the best economy. The highest standard of living. The safest and most beautiful cities. And by the way, when I say safest, our cities are going to hell right now.
Our cities are going to hell. We’re going to fix our cities. We’re going to work with Democrats that have destroyed our cities. But we’ll work with them and we’re going to get our cities back. We’re going to bring our country back. And we really were the freest and the most ambitious, most dynamic nation ever to exist on Earth.
And we’re going to get that back again. Because we’re not there now. We’re a nation in decline. You know it. We know it. Doesn’t sound nice. But it’s okay because we’re going to bring it back. We’re going to bring it back fast. Right now it’s embarrassing. It’s embarrassing what’s happened. Even today when you look at what we just said that would never have happened if they respected our country. If we don’t embrace crypto and Bitcoin technology, China will.
The Threat of China
Other countries will. They’ll dominate. And we cannot let China dominate. They are making too much progress as it is. And we want them to be successful. I don’t want China to be successful.
But we have to be the most successful. That’s what’s going to happen. I want the United States to be first in technology. First in science. First in manufacturing. First in artificial intelligence. And first in space.
You know at MIT my uncle was a professor there. Dr. John Trump. He would have fit in with this room very nicely actually. That’s why I mention it. And I believe he was the longest serving professor in the history of MIT. He graduated. We have a very intelligent family actually. He graduated tremendously. I think he has three different degrees. But they said would you like to stay on John? And be a professor.
Well I’ve got a lot of offers I assume he said. But I’ve got a lot of offers. He was there for I believe 41 years.
MIT Connection
When I was in the White House the head of MIT came to see me. And they presented me with a book on my uncle. He was a legendary guy in the academic world and in the world of MIT. So I understand a lot about what you’re doing. And I have great respect for highly intelligent people. And you are highly intelligent.
America’s destiny is to lead our rivals in everything. And to surrender our industries to no one. To no one. You know some of you are involved with AI. But you also have the same thing. You need a thing called electricity.
You need a lot of electricity. You know AI needs to be really dominant. And China can do it much easier. We have environmental impact statements to do. But we’re going to do things that nobody thought were possible.
Energy Needs
You need tremendous amounts of electricity. You need double the electricity of the entire electricity that we have right now in the United States to dominate. And we’ll get that done.
Who would think we can get that done? But we’re going to get it done. We’ll be having power plants built at the sites. We’ll be releasing people from certain ridiculous requirements. And we’ll be using fossil fuel to make electricity because we’re going to have to.
We’ll be using nuclear. We’ll be doing it in an environmentally friendly way. But we will be creating so much electricity that you’ll be saying, “Please, please, President, we don’t want any more electricity.”
We can’t stand it. You’ll be begging me, “No more electricity, sir. We have enough. We have enough.” You know, in the Midwest, they just opened, it was very interesting, they just opened up two chargers, you know, a charger for the electric cars. And, you know, I love Elon.
Electric Cars and Elon Musk
He’s great. He endorsed me and great endorsement and everything else. But not everybody has to have an electric car. I told them that. So we’re going to get rid of that mandate if you don’t mind. Some people want gasoline propelled cars. Some people want a hybrid. And some people like an electric car. They’re great.
I think they’re great. I think what he’s done is great. I think he understands it. I guess he probably wouldn’t have endorsed me. He knows who I am in this. But he did. And it’s just like they did these chargers in the Midwest. There are eight of them. They spent $9 billion to build eight chargers to charge up a car.
And at that rate it would cost approximately $12 trillion to put the chargers in. Somehow that’s not working. The country would have to file for Chapter 11. We’ll do a chapter, you know, it’s called Chapter 7 instead of a Chapter 11, but it’s the equivalent. No, we have to use our brain. We have to be, we are the party of common sense, okay?
Common Sense Approach
We have to have common sense. But what we do have to do is we have to produce tremendous electric or AI and for all of the other things, including the things that you’re doing, and we’ll get it produced and we’re going to get it produced fast, or we’re not going to be able to compete with China and other countries.
So we’re going to get it produced fast. This afternoon I’m laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world. And we’ll get it done.
Crypto and Bitcoin in America
If crypto is going to define the future, I want to be mined, minted, and made in the USA it’s going to be. It’s not going to be made anywhere else. And if Bitcoin is going to the moon, as we say, it’s going to the moon, I want America to be the nation that leads the way and that’s what’s going to happen.
So you’re going to be very happy with me. You’re going to be so happy. You’re going to say he’s the greatest guy. That’s why I’m proud to be the first major party nominee in American history to accept donations in Bitcoin and crypto. And they’ve made a lot of them, I might tell you. And I appreciate it.
Since we made that announcement on May 21st, we have already raised $25 million, much of it in Bitcoin, crypto, and others. Others that are very, very good also. But as you know, our excitement about the future of Bitcoin and crypto could not be more difficult from the approach of our opponents.
Contrasting Approaches
Look, our opponents have gone a difficult route. They’re going old-fashioned stuff. We’re going to take it right down the middle. We are so different from anybody else in terms of a campaign. First of all, we understand it. They don’t understand it. They are blocking your path. They’re blocking your way. But I’ve made it a lot easier for you because the SEC has been very, very tough on you.
And now they see that you’ve embraced me. All of a sudden, people that were under investigation, they’re being let go. They say, “Oh no, we don’t want to do that. We love crypto.”
The Stakes of the Election
Let me tell you, if they win this election, every one of you will be gone. They will be vicious. They will be ruthless. They will do things that you wouldn’t believe. But right now, because of me, they’re leaving you alone. So please say thank you, President Trump. Thank you very much.
And the reason they’re doing that is, I’ve heard from some of your great geniuses that talk to me about this subject. I’ve heard from Vivek. 175 million people in some form are involved with this world of crypto and Bitcoin and all of the others.
The Political Landscape
175 million. So when they heard that, they said, let’s be nice to them, at least until after the election. So I’ve taken a lot of pressure off a lot of people. A lot of people are very happy today that about three months ago weren’t so thrilled. But three and a half years, is that right? Look, he just said that’s right.
And you know it’s right. But three and a half years, the current administration has waged a war on crypto and Bitcoin like nobody’s ever seen before. For those who work in this industry, they target your banks.
They choke off your financial services. Have people seen that? Yes. Yeah, they have. Put your hands up. They block ordinary Americans from transferring money to your exchanges. They slander you as criminals. But that happened to me, too, because I said the election was rigged. He said the election was rigged.
He should spend the rest of his life in jail for making that statement. Of course, they say it about us, and it’s OK, right? No. And by the way, we’re doing very well on the election. You know, we lost a candidate recently. Crooked Joe Biden. And I thought, we lost this wonderful person. And he’s actually a terrible human being, if you want to know the truth, so don’t feel sad. And we have another worse.
Political Opponents
He’s the worst human being. And I sort of made an analogy last night. Last night, think of this. I was speaking in front of a very powerful and very strong, very religious group, Christian group. Christians, evangelicals, Christians. And then today, I come in front of Bitcoin.
And now I’m going to Minnesota to do a rally. You think my life is so great, don’t you, huh? But I cover a lot of territory.
I go from religion to Bitcoin to a rally. And I don’t get it mixed up like other people do. Where they come out and they say, may God bless everybody involved in the Bitcoin world. But actually, we mean that because you need blessing because you’ve got to do something very spectacular. But we had an incredible time last night talking to Christians, largely Christians, a Christian group. And this is so great.
And then we have a very big rally in Minnesota. Hasn’t been one since 1972. Richard Nixon, can you believe it?
Political Strategy
And I think, you know, I think we’re leaving Minnesota. But there’s some hanky-panky that goes on in Minnesota. But I think we’re doing good. So we’re going to leave here. We’re going to go there for a big rally. But this is such an honor to be with you.
Sadly, when we see the attacks on crypto, it’s a part of a much larger pattern that’s being carried out by left-wing fascists who weaponize government against any threat to their power. They’ve done it to me.
Did you see I just won the big case in Florida? Thank you very much. Thank you very much. Good. Now, it’s a big case. That was the document case. I have Presidential Records Act on my side. Biden didn’t. By the way, Biden, they said, here’s what they said.
Biden’s Competence
They said, he’s guilty as hell, but we’re not going to charge him because he’s incompetent. I won the case the old-fashioned way. It’s called, you win. I wouldn’t have wanted to win the way he won. Trump won the case because they called him incompetent. Think of this.
So they called him incompetent. So he’s incompetent to run for trial, to stand trial. But he’s not incompetent to run the country.
Political Debates
It doesn’t work. But he’s not doing it anymore because he didn’t do particularly well in the debate. Did anybody watch the debate? Not too many people. Somebody said to me, you did horribly in the debate. I said, why?
Because there’s no way he can continue forward. That’s how bad he was. They said, I understand that. And that’s exactly what happened, actually. We had a great debate. It was a tremendous debate, actually.
You have to open the eyes. You have to see what’s going on. We have a country to run. The problem is that Kamala is worse than Joe, is worse. She’s a radical left lunatic. Defund the police. All of the different things. And so far we’re doing.
She’s got a little honeymoon going on right now. But when people hear about her. And she’s against crypto, by the way. And she’s against it very big. So I just want to let you know. And vote.
It should be no surprise that these same totalitarians are hell bent on crushing crypto and obliterating. And that’s what they want to do. And that’s what they are stated. Well, I mean, they’re there right now.
You have the SEC. You know what they’re doing. Obliterating Bitcoin.
Bitcoin’s Significance
The reason could not be more clear. Because Bitcoin stands for freedom. Sovereignty and independence from government, coercion and control. The Biden-Harris administration’s repression of crypto and Bitcoin is wrong. And it’s very bad for our country. It’s really quite un-American.
As you know, six days ago. We officially defeated the worst president in the history of the United States. I believe he was the worst president in the history of the United States. Think of it. Millions and millions of people have come into our country. They’ve come in from jails.
Think of it. Insane asylums. Mental institutions. They’ve come in as terrorists. We have the largest number of terrorists coming into our country right now. The same people that you just heard about from Israel.
National Security
That did that in Israel. They’re coming in and nobody checks them. Nobody knows what’s going on. We have no idea what’s going on. They’ve lost control of our country. And only bad things can happen. So it’s not going to be that way. We’re not going to let them happen. We’re beating them and we’re beating them badly. And we have to make sure that we do. We need to do it for our country. And you can’t just be a fighter and have your man lose the fight. Or woman. But in this case a man. He’s losing the fight. He’s down by 15, 16, 17 points. They say that you’re not going to win Joe.
You got to get out. He didn’t want to get out. He said I’m not getting out.
He said you’re getting out. They said if you’re not getting out we’re going to institute the 25th Amendment on your mental competence. He said like I said before I think I’m going to get out.
Okay. And they got him out. But it’s like, think of this. You fight, you’re in a campaign. You spend a lot of money, a lot of time, a lot of effort. And he’s losing. And then they say let’s take him out of the fight. We’ll put a new fighter in there. The new fighter is her.
He will always be my first choice but she’d be my second choice. And again, if we don’t win this race and I know you’re not that political but you have to be political because your whole thing, I mean you have a lot of politics involved in what you do.
The Stakes
If we don’t win this race this country could be finished as we know it. This country is going to be in bad shape and we have to be in there. We have to fight and we have to win.
I pledge to the Bitcoin community that the day I take the oath of office Joe Biden and Kamala Harris’ anti-crypto crusade will be over. It will end. It’ll be done. It’ll be done. The moment I’m sworn in the persecution stops and the weaponization ends against your industry. And as long as I’m in the Oval Office Elizabeth Warren, Pocahontas. Do you remember? Yes, I’m an Indian. Yes, I’m an Indian. She said, I’m an Indian.
Why are you an Indian? You don’t look like an Indian. No, no, my mother told me I have high cheekbones.
Political Opponents
Oh, that’s why she was an Indian. So I named her Pocahontas. Elizabeth Warren and her goons and she’s very nasty to you. She hates your people. She hates everything about you. We’ll keep their hands off Bitcoin. They’re going to keep their hands off crypto. They’re going to let it grow. We’re going to let it grow.
SEC Leadership
We’re going to fire Gary Gensler and appoint a new SEC chairman. I didn’t know he was that unpopular. Well, I didn’t know he was that unpopular.
Let me say it again. On day one, I will fire Gary Gensler. I will appoint a new SEC chairman who believes America should build the future, not block the future, which is what they’re doing.
And Kamala Harris wants to make him Treasury Secretary. That’s not good. That’s not good.
He was Hillary Clinton’s finance person. Did you know that? Crooked Hillary. Remember Crooked Hillary? Do you remember her? She was part of Hillary Clinton’s campaign against the gentleman known as Donald Trump.
Not a popular person within the… Actually, she came to my wedding. Do you know that? Our great First Lady Melania came to our wedding and Bill came to our wedding.
Personal Anecdotes
But it’s amazing things when you run for office, a lot of things change in your life. A lot of things change. As president, I will immediately shut down Operation Chokepoint 2.0. They want to choke you. They want to choke you out of business. We’re not going to let that happen.
And no longer will your government sit by and watch as Bitcoin jobs and businesses flee to other countries because America’s laws are too unclear and too tough and too angry and too stiff. We will keep each and every Bitcoin job in the United States of America.
Promises for the Future
That’s what we’re going to be doing. Upon taking office, I will immediately appoint a Bitcoin and Crypto Presidential Advisory Council. Would anybody like to be on that particular council? Please raise your hand.
Their task will be to design transparent regulatory guidance for the benefit of the entire industry and they will get it done in 100 days. We will have regulations but from now on the rules will be written by people who love your industry, not hate your industry.
People that want to make it clear and simple, straightforward and fair. People that want to see your industry thrive, not die. Next, I will immediately order the Treasury Department and other federal agencies to cease and desist all steps necessary because, you know, there’s a thing going on in your industry.
Stance on CBDC
The creation of a central bank digital currency is over. Forget it. CBDC. There will never be a CBDC while I’m President of the United States. And I will always defend the right to self-custody. Self-custody. You’re going to have a great industry.
And we’re going to be fuel for your industry, not demolish your industry. America will once again be a nation that protects property rights, privacy, freedom of transaction, freedom of association and freedom of speech.
Vision for America
We’re going to change our… We’re going to go back to the old days when we were a nation that was building, not a nation that was eating itself alive from within. In our effort to provide regulatory clarity, we will create a framework to enable the safe and responsible expansion of stable coins.
Do you know what a stable coin is? Does anybody know? Please raise your hand. Allowing us to extend the dominance of the U.S. dollar to new frontiers all around the world. America will be richer.
The world will be better. They’re storing their savings in Bitcoin. So that’s the way it is. That’s pretty much the way it is. Those who say that Bitcoin is a threat to the dollar have the story exactly backwards. I believe it is exactly backwards.
Bitcoin is not threatening the dollar. The behavior of the current U.S. government is really threatening the dollar.
Real Threats to the Economy
The danger to our financial future does not come from crypto. It comes from Washington, D.C. It comes from trillions of dollars in waste, rampant inflation, and open borders while giving welfare and free health care to all of the illegal aliens that are pouring into our country by the millions and millions and millions.
It comes from printing hundreds of billions of dollars to fund endless wars overseas while our cities are like combat zones here at home. Two weeks ago in Chicago, 117 people were shot and 17 died. Afghanistan doesn’t have anything like that.
You know, you think about tough places. Look at what’s happening with our cities. What’s happening in the last three years, last three and a half years.
Urban Violence
Nobody’s ever seen anything like it. Think of it. 117 over Fourth of July weekend. 117 people were shot and 17 died. This is the United States of America? I don’t think so. By the way, when I was president, we had no wars. We had no new wars. We didn’t start any.
Remember when Hillary said, he’ll start wars. Look at his personality. No, I said my personality will keep us out of wars. But we finished off some of the old ones like ISIS, which they said would take five years to do, but we finished them off. This is military, by the way. Maybe some of the people on top are woke, but this is not a woke. I got to see that first. When I looked at what they did and what they did for me, they were unbelievable.
Military Strength
They did things that nobody thought were possible. Our real generals and our soldiers, there’s no woke. They’re trying to get them to be woke, but these people are not going to go woke.
I can guarantee you that. With your support this November, we will restore competence and we will restore common sense to our nation’s capital, because ultimately it is about, it’s not are you conservative, are you liberal, are you progressive. They like progressive. It sounds so nice, right? It’ll destroy our country. It’s actually become a terrible word.
Common Sense Approach
It’ll destroy our country, but it’s not about that. It’s about common sense. We want to bring common sense back in. This is all common sense that we’re talking about today, and Bitcoin and crypto are doing it. As we stop the war on crypto, we will immediately, and we’ll do this very quickly, begin to build our economy, because when America is prospering, Bitcoin is soaring, and it’ll go up with it.
We had the greatest economy ever, and we will soon have it again. Under the Trump administration, the typical middle class family income rose by $6,000 a year. People don’t like mentioning that.
America had more money to save than at any time in many decades. As a result, during my four years in office, now you have to listen to these numbers. These numbers are like beautiful, and I don’t want to repeat myself.
Listen to these numbers. As a result, during my four years in office, Bitcoin surged by 3,900 percent from $898 the day I took office to $35,900 the day I left. That was the biggest jump, I guess, in just about any industry.
Think of that. Now compare that to just after three and a half years of Biden and Harris adjusted for inflation, Bitcoin is up 50 percent. Now 50 percent sounds good, but not when you’re comparing it to almost 4,000 percent, right?
Economic Comparisons
50 percent. Normally you say, oh, that sounds pretty good. Let’s not put that into the speech.
No, 50 percent is not good when people can’t afford groceries or rent. They have no savings to store in Bitcoin. This administration caused the biggest inflation in the history of our country, and people are being wiped out.
From the very first day we take back the White House, we will replace the Biden-Harris economic stagnation with a brand-new Trump economic boom. You’re going to have a tremendous boom.
Economic Predictions
You know, you have a lot of great analysts out there. Scott, I’m talking about you, Scott, one of the greatest of all, and others that say the stock market’s going up because they think Trump is going to be elected. And if Trump isn’t elected, this country’s going to go into a depression the likes of what you had in 1929, and I hope that’s not true, but I can understand it, and I can understand what they’re saying.
The stock market game, they think is because it looks like we’re going to win the election, and I don’t know what’s going to happen with the election, you know? They cheat like hell, and I don’t know what’s going to happen, but if we win it, this country is going to be boomtown. It’s going to be booming like it never boomed before.
The current administration’s economic plan includes trillions in new spending and $5 trillion tax hikes. They want to increase taxes by $5 trillion. They want the expiration of the Trump tax cuts to take place.
Tax Policies
They want a wealth confiscation tax so that when you make all of your money that you’re going to make and all of the people you’re going to employ, they want to take away your money in the form of a first-time-ever tax, and a gigantic capital gains tax that will exceed substantially in many states over 50%. My plan is the opposite. We will lift the workers, and we will create savers out of so many people, and we will reward success.
We will not punish success. They want to punish success. They want to punish genius. Not going to let that happen. I will make the Trump tax cuts permanent and deliver massive tax cuts for families and individuals and businesses that produce jobs. That includes no tax on tips.
Economic Promises
You know that, right? Going to get rid of the tax on tips. I will cut unnecessary and burdensome regulations, fight every day to make America the best place on earth to build a business, including a crypto business.
It’s going to be the best place. You’re not going to have to go to China. You’re not going to have to learn, gee, how do I learn Chinese? I want to learn it very quickly. I have a little granddaughter that speaks fluent Chinese. Can you believe it?
Inflation Concerns
And it’s a wonderful thing, but it’s not easy, but you’re not going to have to do it. Most importantly for our citizens, we will end the inflation nightmare that this administration has created, and we will end it quickly. It’s got to end.
It’s destroying our country. You know, inflation is a country buster. You can go back many, many years to Germany, and you look at what happened to Germany during their huge period of inflation, destroyed the country.
It’s a country buster. The Bitcoiners, and I say to you that you recognize the dangers of inflation long before most others did. You understood inflation, frankly, better than anybody else.
Bitcoin and Inflation
You know that, don’t you? If only they had listened. They didn’t listen to you. They didn’t listen to you. The trillions of dollars in ridiculous waste approved by our opponents resulted in the very inflation disaster that Bitcoiners had always predicted. Twenty, thirty, and even forty percent of the value of every dollar was wiped out and wiped out quickly.
You understood that, but a lot of other people didn’t. The life savings of millions of Americans was rapidly destroyed, and very simply, uncontrolled inflation is a stealth taxation of the middle class. It really is.
The Biden Tax
It’s a stealth taxation. I call it the Biden tax. Now I’ll call it the Harris tax or the Harris-Biden tax or whatever the hell we’re going to call them. But it’s a disaster. It’s a tax of 50 percent. It’s a 50 percent tax. Inflation, think of it, it’s a 50 percent tax on people. Five-O. This is a human tragedy and it’s destroyed people.
It’s a national disgrace. It’s destroyed everything in its way. It must never be allowed to happen again and it won’t. When I’m president, I guarantee you it won’t happen because we’re going to do things that make sure it doesn’t happen. They’ve allowed pricing to get totally out of control. We’re going to do energy, bring it down to levels that people have not seen in many, many years.
We had it at levels. We were at $1.87 for a gallon of gasoline. You don’t see that right now.
For four straight years, under my leadership, we had effectively no inflation. None. When I left office, it was 1.4 percent. And then it stayed there for almost two years. Remember when Biden said it was nine? I inherited nine percent. That was just another lie. Misinformation, disinformation. We gave them a hot country.
We went through the COVID. We did an incredible job. Never got credit for that. Always got credit for the economy, for the military. We rebuilt the military. We created spaceless. We did so many different things. Never got credit for that. You know what?
Current Economic Situation
We gave them a great country with essentially no inflation. And after two years, they drove this country and they drove inflation through the roof. Two years, cost of living went up, in some cases, by over 50 percent. They say 22 percent. They like to say 22, but it could be much higher, and it is much higher depending on what they include. They don’t include things like interest rates that went from 2.5 percent to 10 percent, but you can’t get the money.
When I return to the White House, I will stop the wild and wasteful spending of this administration. I will end the endless wars. They never stop.
Foreign Policy
Again, we had no wars. We had no new wars under your favorite president, President Trump. We had no new, we had no new wars. They thought I was going to start a war. Let me tell you something. I’m going to stop World War III because we’re close to the World War III that we’ve ever been since the end of World War II.
I will seal the border and stop the invasion of millions of people pouring into our country illegally. We will totally deplete, and we will do this quickly. We will defeat inflation, and together, we will bring back the American dream for citizens of every race, religion, color, and creed.
The American Dream
We will bring it back, the American dream. You don’t even hear the, you don’t even hear the statement American dream anymore. You don’t hear those words anymore. We used to talk about the American dream. A lot of you people are in the American dream, but you’re going to be crushed if you don’t elect me. I hate to tell you.
You don’t elect me, you’re going to be crushed. You’re going to say, Alice, what a mistake it was. We went for a person who has no talent.
Energy Policy
She’s been a failure at almost everything she’s done instead of Trump. And look at us now. We’re going to move into an extremely small house from our beautiful house. But we will end the war on American energy and we will very simply drill, baby, drill. We’re going to drill, baby, drill. We have to.
It’s what we have. We have more liquid gold under our feet than any nation in the world. More than Saudi Arabia, more than Russia. We don’t use it. We don’t use it. They use it. We don’t use it. We go out and buy oil from Venezuela. Amazing.
But we won’t stop there. We will harness American energy in all forms. I have set the ambitious goal that by the end of my term, the United States will be the number one lowest cost of energy and electricity of any nation on Earth.
Bitcoin Mining
We can make it so inexpensively. Because of what we have under our feet, we can make it so inexpensively. And with low energy costs, America will become the world’s undisputed Bitcoin mining powerhouse. You’ll be a Bitcoin mining powerhouse. You will not have to move your family to China. You will not be moving to China.
As we implement these reforms, Bitcoin and crypto will grow our economy, cement American financial dominance and strengthen our entire country long into the future. Many Americans do not realize that the United States governor is among the largest holders of Bitcoin. Does anyone know that?
How about that? The federal government has almost 210,000 Bitcoin or 1% of the total supply that will ever exist. But for too long our government has violated the cardinal rule that every Bitcoiner knows by heart. Never sell your Bitcoin. Right? That’s right, isn’t it? Huh? That’s right. How did I figure that one?
Bitcoin Policy
Never sell your Bitcoin. And so, as the final part of my plan today, I am announcing that if I am elected it will be the policy of my administration, United States of America, to keep 100% of all the Bitcoin the U.S. government currently holds or acquires into the future. We’ll keep 100%.
I hope you do well, please. This will serve in effect as the core of the strategic national Bitcoin stockpile. As you know, as you know, most of the Bitcoin currently held by the United States government was obtained through law enforcement action. You know that. They took it from you. Let’s take that guy’s life.
Let’s take his family, his house, his Bitcoin. We’ll turn it into Bitcoin. It’s been taken away from you because that’s where we’re going now. That’s where this country is going. It’s a fascist regime. And so as I take steps to transform that vast wealth into a permanent national asset to benefit all Americans, today I repeat my pledge to commute the sentence of Ross Ulbricht to a sentence of time served. It’s enough. It’s enough. It’s enough.
Pro-Bitcoin Presidency
That’s where we are as a country. Ultimately, my promise to each and every one of you is this. I will be the pro-innovation and pro-Bitcoin president that America needs and our citizens deserve.
This will be one industry, but this will be a thriving industry, a great industry, and I’m going to be doing the same thing for every other industry also. Our nation has never thrived by trying to censor new ideas and shut down the dreams of our people. America always plants our flag on the next frontier and pushes boldly ahead. We have to do that. We haven’t been doing that for a long time, especially the last three and a half years. It’s gone the exact opposite.
American Legacy
Those of you in this room inherit the legacy of generations of American pioneers and patriots, risk-takers, and renegades who settled this continent, built the modern world and lived on the bleeding edge. You live on a bleeding edge. You do know that, Bitcoiners, don’t you?
You are the modern-day Edisons and Wright Brothers and Carnegie’s and Henry Ford’s and what you do in your lifetime stands a chance to outlive us all and inspire humanity for generations to come. This will go down as a very important day in the history of your industry. Together you are building America’s future with your own smarts, your own grit, and your own skin in the game.
You have a lot of skin in the game and that’s what you’re doing. It takes courage to do it. Most people don’t have that courage.
Closing Remarks
My job will be to set you free and to let you do what Americans do best and what you are going to do better than anybody: win, win, win. You are going to win, win, win. With energy tax and in brilliance like we have, rarely seen before, our country cannot fail. We’re in a failing nation right now, but we’re not going to be for long.
Our country cannot fail. With your help, we will save our nation, we will restore our republic, and we will make America and Bitcoin bigger, better, stronger, richer, freer, and greater than ever before, that you all have a good time with your Bitcoin and your crypto and everything else, that you are playing with, and we are going to make that one of the greatest industries on Earth. Good luck and God bless you all.
Thank you. God bless you. Thank you.
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