Previously, from June 25-27, the Bitcoin Conference 2024 was held in Nashville, Tennessee. This historic event brought in notable figures such as Senator Cynthia Lummis, Michael Saylor (CEO of Microstrategy), Edward Snowden (Former NSA Intelligence Contractor), and Donald Trump (45th President of the United States). In contrast to the usual crypto-related events, the Bitcoin Conference was one filled with predictions and claims that would be pivotal to cryptocurrency, and perhaps the future development of mankind. 

Here are some significant events that happened during the Bitcoin Conference 2024:

Senatorial discussion regarding cryptocurrency regulation

US Senators Tim Scott South Carolina and Cynthia Lummis from Wyoming talked about upcoming legislative initiatives and regulatory concerns pertaining to Bitcoin and other cryptocurrencies. Lummis highlighted the innovation and energy infrastructure made possible by Bitcoin mining in his criticism of the Securities and Exchange Commission's (SEC) regulatory strategy.

Tim Scott, for his part, discussed plans to utilize Bitcoin to establish "opportunity zones" in underserved communities.

Additionally, Senator Cynthia Lummis proposed to purchase 5% of the world's Bitcoin supply and hold it for at least 20 years as part of the US Strategic Reserve.

Michael Saylor on his Bitcoin price targets

Michael Saylor, the CEO of Microstrategy, is a renowned Bitcoin-Maxi and a constant believer of “always buying the top” on Bitcoin. His Bitcoin price targets has shocked everyone, including already bitcoin-maxis.

It includes a low-target price of $3 million and a high-target of $49 million per bitcoin to happen in 21 years.

Robert F. Kennedy Jr.’s bullish future on Bitcoin

Robert F. Kennedy Jr., the son of previous Attorney General Robert F. Kennedy and nephew to late-president John F. Kennedy, also made an appearance in the Bitcoin Conference as he discloses most of his assets are in Bitcoin. 

During his speech, Robert F. Kennedy Jr. made a lasting impression by suggesting that the Federal Reserve use the existing 204,000 Bitcoins held as a strategic asset instead of confiscated assets. Kennedy also envisions the U.S. Treasury to purchase 500 Bitcoin per day until the reserve hits 4 million.

Edward Snowden criticizes politicians

Edward Snowden, a former NSA Intelligence Contractor and US whistleblower, made a video appearance in the Bitcoin Conference 2024. He calls for the audience to choose their candidates wisely regardless of their stance on cryptocurrency. He also claims that politicians will do their best to gain votes by aligning themselves with pro-cryptocurrency ideologies. He continues his speech whilst having multiple election candidates present in the event.

He also warns that blockchain technology may lead to models of privacy and social tracking used by world governments to regulate the everyday lives of people.

Donald Trump’s vision for cryptocurrency

One of the most awaited moments for the Bitcoin Conference 2024 is the speech of presidential candidate Donald J. Trump, the 45th US President and also a pro-crypto electoral candidate. Donald Trump brought up multiple points and promises in his time during the conference if he were to become the next president of the United States

• To make the US the crypto capital of the world with a Strategic Bitcoin Reserve where the majority of the bitcoin will be US-mined.
• To dismiss SEC Chairperson Gary Gensler on day 1 for his hostile approach and excessive regulation against cryptocurrency.
• To end Operation Choke Point 2.0, a plan to heavily regulate the on- and off-ramps of the US dollars into the cryptocurrency market.

The Bitcoin Conference 2024 made claims, promises, and predictions by brilliant and talented forward-thinkers from different industries such as tech and politics. The statements that were brought up stirred both controversy and excitement as people rally and debate together for the future of Bitcoin and cryptocurrency. Crypto conferences, specifically Bitcoin-related ones, used to be filled with empty chairs as speculators skepticize cryptocurrency. Now that world leaders and tech prodigies are looking into crypto, Bitcoin has come a long way to become the new paradigm of the tech and financial markets.

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