Nashvilles spotlight stolen by performers comments
The second day of the Bitcoin 2024 conference in Nashville was a whirlwind of revelations, predictions, and political declarations, showcasing the expanding impact of Bitcoin in various industries.
Prominent figures like Michael Saylor, Edward Snowden, and independent presidential candidate Robert F. Kennedy Jr. graced the stage on July 26, delivering captivating moments and bold forecasts. Here are the standout moments:
Michael Saylor’s Visionary Outlook:
During his keynote address, MicroStrategy CEO Michael Saylor mesmerized the audience with his ambitious outlook for Bitcoin’s future. Saylor painted scenarios where Bitcoin’s market cap could soar to $280 trillion by 2045, representing 7% of global wealth and potentially pushing the value of a single coin to $49 million. Even in a more conservative scenario, Saylor suggested Bitcoin could still hit $3 million per coin, accounting for 2% of global wealth. Under Saylor’s guidance, MicroStrategy has amassed 226,331 Bitcoins, valued at approximately $15.4 billion as of June.
Legislative Silence from Lummis:
Senator Cynthia Lummis, a vocal Bitcoin advocate, shared the stage with lawmaker Tim Scott to discuss crypto regulations. Despite expectations, Lummis refrained from introducing new legislation to designate Bitcoin as a strategic reserve asset for the U.S. She criticized the regulatory approach of the U.S. Securities and Exchange Commission and emphasized the Republican Party’s efforts to safeguard digital asset ownership in the country. Senator Scott hinted at innovative uses of Bitcoin, such as creating “opportunity zones” for underdeveloped areas. Though no new laws were announced, the speeches highlighted the growing political support for Bitcoin, especially with presidential elections looming.
Snowden’s Warning:
Whistleblower Edward Snowden, speaking virtually, cautioned attendees about politicians courting the crypto community for personal gain. He urged vigilance against lawmakers seeking to exploit Bitcoin enthusiasts without truly aligning with their values. Snowden advised engaging with politicians while maintaining independence and skepticism towards their promises.
RFK Jr.’s Bold Pledges:
Independent presidential candidate RFK vowed to designate Bitcoin as a strategic reserve asset if elected. His plan involves transferring government-held Bitcoins to the U.S. Treasury and initiating daily purchases to amass a reserve of 4 million coins. RFK hinted that Donald Trump, who is set to speak at Bitcoin 2024 on July 27, might announce a similar plan if elected. Despite his ambitious proposals, recent polls indicate Kennedy trails behind VP Kamala Harris and Trump in the presidential race.
As Bitcoin 2024 progresses into its final day, anticipation grows for Trump’s keynote speech at 2 pm ET. Stay tuned for more updates on the event.