A historic moment unfolded in the cryptocurrency world yesterday, as a sitting U.S. president participated in a crypto-focused event for the first time.
U.S. President Donald Trump addressed the Digital Asset Summit (DAS) in New York through a video message, where he laid out his vision of making the U.S. a global leader in Bitcoin and the cryptocurrency sector.
Although Trump did not attend in person, his speech drew attention with promises to transform the U.S. into a “Bitcoin superpower” and position the nation as the global hub for crypto innovation.
Alongside Trump’s message, several other prominent figures in the crypto space made their mark, including Michael Saylor, the founder of Strategy (formerly known as MicroStrategy). Saylor, a longtime advocate for Bitcoin, once again expressed his confidence in the digital currency, predicting it could reach an astounding $13 million per coin within two decades.
Saylor explained that Bitcoin’s fixed supply of 21 million coins makes it a superior store of value compared to traditional assets like gold and oil, which can see supply increases due to technological advancements. He also pointed out the vulnerability of gold, traditionally viewed as a safe-haven asset, to hyperinflation throughout history. In contrast, Saylor argued that Bitcoin stands out as the only reliable asset in today’s financial climate.
His remarks come at a time when U.S. policies surrounding cryptocurrency are creating tensions in the Eurozone. With Trump’s recent presidential order paving the way for a government-backed cryptocurrency reserve, concerns are mounting over the future stability of the Euro. Saylor even made a bold statement, suggesting that Europe’s Euro will ultimately require Bitcoin in the future.
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