Bitcoin is up 7% following the start of the Bitcoin 2024 conference in Nashville, which began on Thursday and culminated with a pro-crypto keynote speech by Donald Trump. In his address, the former president laid out plans to make the U.S. the “crypto capital of the planet and the Bitcoin superpower of the world." As of Monday morning ET, Bitcoin is hovering at just under $70,000, its highest price since June 6, according to CoinGecko data.
In a 30-minute address to 20,000 or so crypto enthusiasts at the industry’s largest U.S. conference, Trump also swore to end the hostile regulatory environment under President Joe Biden and Securities and Exchange Commission Chairman Gary Gensler. Instead, he told the crowd, crypto policies would be “written by people who love your industry.” He continued by likening crypto to the steel industry a century ago.
