Every day of Bitcoin 2024 brings us new sensations. Yesterday, US presidential candidate Robert F. Kennedy Jr. promised that, if he wins the election, the US will begin mass purchases of bitcoins.
Bitcoin 2024 is ongoing
The first and second day of Bitcoin 2024 is behind us. What happened yesterday?
There are a lot of politicians at this year’s edition of the conference. The presidential and congressional campaigns are underway in the US. Yesterday, one of the speakers was Robert F. Kennedy Jr., an independent candidate for head of state. During his “rally,” he promised that during his rule, the US would buy 550 BTC per day. In addition, a little over 200,000 BTC held by the country’s government will be transferred to the Fed. They will become part of the dollar reserve. The ultimate goal will be to buy 4 million BTC.
Additionally, it will end all wars (which sounds very naive).
Fiat currency was invented to finance war. (…) If the world was based on the BTC standard, there would be no more wars because you couldn’t print bitcoins
– he said.
Lummis didn’t say what BTC fans were hoping for
Senator Cynthia Lummis, in turn, has disappointed cryptocurrency fans a bit. Rumors have been circulating online that she will announce the introduction of legislation that would make bitcoin a strategic reserve of the United States.
Instead, the Wyoming senator criticized only the Securities and Exchange Commission (SEC) for its attacks on the industry. The Senate Banking Committee also took a dig.
I don’t trust politicians, no!
Bitcoin 2024’s virtual guest was Edward Snowden. The former National Security Agency employee, who has been in Russia since 2013, warned Bitcoin 2024 conference attendees about politicians. He pointed out that during the election campaign, many candidates are trying to win over blockchain supporters.
Vote, but don’t join the cult. They are not our tribe. (…) They have their own interests, their own values, their own things that they run after. Try to get what you need from them, but don’t give yourself to them, even if you have to vote for them
– he appealed.
He also warned against giving power to corporations. In his opinion, within 10 years, Big Data companies will monitor every aspect of our lives.
Future BTC Price
Moving away from politics, MicroStrategy founder Michael Saylor said that one bitcoin will be worth $13 million by 2045.
What if we found a way out of the game? Satoshi found a way, gave it away and left. And that’s Bitcoin. Bitcoin is digital capital – immortal, immutable and immaterial
– he said.
Skybridge founder Anthony Scaramucci weighed in, making a bold prediction about bitcoin’s future market capitalization, suggesting it could be 10 times that of gold.
It’s an asset class, so it shouldn’t be trading at the market cap of NVIDIA or Apple. It needs to be trading at the market cap of gold, and I would argue that it’s better than gold.
—said Scaramucci.
VanEck CEO Jan van Eck pointed out that owning bitcoins is like owning gold bars.
My mother is German and was actually a refugee. She had to flee from the communist secret police who tried to arrest my grandfather
– he said and explained that this is where his sympathy for Bitcoin, which means freedom, comes from.
He also revealed that he himself has over 30% of his capital in BTC.
The most important third day of Bitcoin 2024 is ahead of us. All cameras will be pointed at Donald Trump.