Bitcoin Conference: Here are The Major Highlights From The Event

Last week’s Bitcoin conference was highlighted with promises from US presidential candidates to have a BTC treasury. The Bitcoin conference broke the internet this week with big names in attendance. Donald Trump and RFK can keep paying attention to the market if they win. If he becomes the president, Trump will let go of Gary Gensler.

Finally, after three days of activities, the 2024 Bitcoin conference came to an end on Saturday yielding several highlights.

Political Promises Of The Bitcoin Conference

Donald Trump, a Republican Presidential candidate, gave an unbeatable speech on the last day of the Bitcoin Conference. This 78-year-old politician emphasized his prospective crypto-related policies all aimed at wooing crypto voters.

One of those things is that he is going to fire Gary Gensler as the Chairman of SEC on his first day in office. This statement underscores Trump’s intense endeavor towards reshaping crypto-regulations.

He further described Bitcoin as a technology marvel that represents cooperation and achievement at its peak. Also, he referred to Vice President Kamala Harris as a radical; Mr. Trump himself spoke these words. It did not forget to inform its listeners how ‘Crypto-hostile’ could become a potential Democratic Presidential candidate.

One of which is transforming how Bitcoin (BTC) is perceived by the US. On his first day in office, RFK said that he would sign numerous executive orders meant to incorporate BTC into America’s economic strategy.

RFK noted that he would order the Department of Justice and U.S. Marshals to give up about 200 thousand BTC government reserves to the U.S. Treasury. As usual, Peter Schiff had a go at it.

Read more:- Peter Schiff Accuses Trump Of Endorsing Bitcoin

Institutional Support For Bitcoin and a Macro Scale Price Prediction

During the Bitcoin Conference, Cantor Fitzgerald – a global financial services firm announced plans to open a Bitcoin financing department aimed at providing leverage for asset holders. According to Howard Lutnick who chairs this company, Cantor Fitzgerald is “loaded with shit” when it comes to having those coins.

This disclosure aimed to showcase the financial service provider’s fully supportive stance towards the digital currency ecosystem. Besides, it exemplifies the growing demand for crypto-related products among institutional investors’ ranks.

Amid all the other traction Bitcoin received during this conference, the founder of MicroStrategy Michael Saylor believes that the coin is likely to start flying high in terms of prices. He even indicated his long-term prediction for bitcoin price, which includes the forecast that its annual growth rate might decrease from 55% to 20% by the year 2045.

This would necessarily make it high enough to a staggering $13 million per unit. BTC price is presently trading at $67,989.33 representing a 0.99% decline over the past 24 hours. Nonetheless, there could still be an upward trend for the leading cryptocurrency later this week and this could also provoke a bullish surge in altcoins as well.