You know that. You understood it better than anybody else. You saw it coming. You said it was going to happen. And it did happen. And now we have to end it. And we will end it very, very quickly. outp

"You are the modern-day Edisons and Wright brothers and Carnegies and Henry Fords, and what you do in your lifetime stands a chance to outlive us all," Trump told the crypto crowd.

't you? And I give you a lot of credit for that. You recognized it very early on. You saw the massive creation of money and debt out of thin air. You saw the huge shortages of workers, energy and critical goods. You saw the supply chain problems that were created by the lockdowns and the war in Ukraine. And you knew that all of these things were a recipe for soaring prices, and that's what happened.output: Former President Donald Trump addressed the crypto crowd at Bitcoin 2024 in Nashville, Tenn., on Thursday.

't you? And I give you a lot of credit for that. You recognized it very early on. You saw the massive creation of money and debt out of thin air. You saw the huge shortages of workers, energy and critical goods. You saw the supply chain problems that were created by the lockdowns and the war in Ukraine. And you knew that all of these things were a recipe for soaring prices, and that's what happened.output: Former President Donald Trump addressed the crypto crowd at Bitcoin 2024 in Nashville, Tenn., on Thursday.

Below are excerpts from his speech, which was largely focused on his administration's policies towards crypto.

Below are excerpts from his speech, which was largely focused on his administration's policies towards crypto.

"Our country is blessed to have the extraordinary talent, energy and genius represented in this room. It really is great genius. Not all of you, but most of you, many of you, this is the kind of spirit that built America. This is the spirit that's going to help us make America great again. That's what we're doing. I stand before you today filled with respect and admiration for what the Bitcoin community has achieved. It's incredible, actually, I sort of say to my sons, it's like incredible, because they do so much about– it is so they're so aware of it, much more so than people that are a little bit older. But I say this is the steel industry of 100 years ago, really is. I think you're just in your infancy. I can see it happen.

"Our country is blessed to have the extraordinary talent, energy and genius represented in this room. It really is great genius. Not all of you, but most of you, many of you, this is the kind of spirit that built America. This is the spirit that's going to help us make America great again. That's what we're doing. I stand before you today filled with respect and admiration for what the Bitcoin community has achieved. It's incredible, actually, I sort of say to my sons, it's like incredible, because they do so much about– it is so they're so aware of it, much more so than people that are a little bit older. But I say this is the steel industry of 100 years ago, really is. I think you're just in your infancy. I can see it happen.

In just 15 years, Bitcoin has gone from merely an idea posted anonymously on an internet message board to being the ninth most valuable asset anywhere in the world. Can you believe that? Is that right? That's a big deal. Think of that. It's already bigger than Exxon Mobil. Soon it will be surpassing the entire market cap of silver. It's not bad about gold. How about gold? Let's go gold. …

In just 15 years, Bitcoin has gone from merely an idea posted anonymously on an internet message board to being the ninth most valuable asset anywhere in the world. Can you believe that? Is that right? That's a big deal. Think of that. It's already bigger than Exxon Mobil. Soon it will be surpassing the entire market cap of silver. It's not bad about gold. How about gold? Let's go gold. …

One day it probably will overtake gold, but based on the way it's going now, it could very well be a possibility. There's never been anything like it, and I don't think you've ever seen anything like it, and most people have no idea what the hell it is. You know that, right? So what happens when they figure it out? That's going to really be something?

One day it probably will overtake gold, but based on the way it's going now, it could very well be a possibility. There's never been anything like it, and I don't think you've ever seen anything like it, and most people have no idea what the hell it is. You know that, right? So what happens when they figure it out? That's going to really be something?

Bitcoin is not just a marvel of technology, as you know, it's a miracle of cooperation and human achievement and a lot of relationships that are formed. They just did a meeting, a roundtable, with a lot of the leaders, and it's amazing. There's a great camaraderie. It's really interesting. There's obviously– there's competition, but there's a relationship. There's a friendship that's developed with a lot of these people. I noticed, and I don't usually see that too often; I see the opposite. Actually, they want to, they want to get each other. They want to kill each other. These guys have a great feeling. Very smart people, too. Congratulations on all that you've accomplished. This room is amazing. The people in this room – high-IQ individuals. I'm running against a low-IQ individual, her, I'm not even talking about him, her, I got a low-IQ individual. …

Bitcoin is not just a marvel of technology, as you know, it's a miracle of cooperation and human achievement and a lot of relationships that are formed. They just did a meeting, a roundtable, with a lot of the leaders, and it's amazing. There's a great camaraderie. It's really interesting. There's obviously– there's competition, but there's a relationship. There's a friendship that's developed with a lot of these people. I noticed, and I don't usually see that too often; I see the opposite. Actually, they want to, they want to get each other. They want to kill each other. These guys have a great feeling. Very smart people, too. Congratulations on all that you've accomplished. This room is amazing. The people in this room – high-IQ individuals. I'm running against a low-IQ individual, her, I'm not even talking about him, her, I got a low-IQ individual. …

The reason I've come to address the Bitcoin community today can be summed up in two very simple words: America first. Because if we don't do it, China is going to be doing, others are going to be doing it. Let's do it and do it right. My vision is for an America that dominates the future. We have the best economy, the highest standard of living, the safest, the most beautiful cities. And by the way, when I say safest, our cities are going to hell. Right now, our cities are going to hell. We're going to fix our cities. We're going to work with Democrats that have destroyed our cities, but we'll work with them. And we're going to get our cities back. We're going to bring our country back. …

The reason I've come to address the Bitcoin community today can be summed up in two very simple words: America first. Because if we don't do it, China is going to be doing, others are going to be doing it. Let's do it and do it right. My vision is for an America that dominates the future. We have the best economy, the highest standard of living, the safest, the most beautiful cities. And by the way, when I say safest, our cities are going to hell. Right now, our cities are going to hell. We're going to fix our cities. We're going to work with Democrats that have destroyed our cities, but we'll work with them. And we're going to get our cities back. We're going to bring our country back. …

If we don't embrace crypto and Bitcoin technology, China will, other countries will, they'll dominate, and we cannot let China dominate. They are making too much progress as it is, and we want them to be successful. I want China to be successful, but we have to be the most successful. And what's going to– what's going to happen? I want the United States to be first in technology, first in science, first in manufacturing, first in artificial intelligence and first in space. …

If we don't embrace crypto and Bitcoin technology, China will, other countries will, they'll dominate, and we cannot let China dominate. They are making too much progress as it is, and we want them to be successful. I want China to be successful, but we have to be the most successful. And what's going to– what's going to happen? I want the United States to be first in technology, first in science, first in manufacturing, first in artificial intelligence and first in space. …

You need tremendous amounts of electricity. You need double the electricity of the entire electricity that we have right now in the United States to dominate, and we'll get that done.

You need tremendous amounts of electricity. You need double the electricity of the entire electricity that we have right now in the United States to dominate, and we'll get that done.

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