The Bitcoin (BTC) 2024 conference that started on Thursday ended on Saturday with some interesting highlights as Republican Presidential candidate Donald Trump planned to fire Securities and Exchange Commission (SEC) Chairman Gary Gensler on his first day in office.
Trump went on to describe BTC as an amazing technology that epitomizes collaboration and achievement and he also slammed Vice President Kamala Harris who called it radical.
In addition, the candidate for President Robert F. Kennedy Jr (RFK) also outlined his plan for the US if he wins the election where he wants to change the way the US sees BTC and even signed several executive orders that aim to integrate BTC into the US economic strategy.
RFK emphasized he would order the US Department of Justice and Marshals to transfer approximately 200,000 BTC reserves held by the government to the US Treasury, but the plan unfortunately drew criticism from Peter Schiff.
During the BTC Conference, global financial services firm Cantor Fitzgerald revealed that the launch of the BTC funding division will give leverage to investors who hold the asset.
The disclosure aims to showcase the full support of financial service providers for the crypto ecosystem by reflecting the increasing demand for digital asset-related products among institutional investors.
Please note that the founder of MicroStrategy who shared his long-term forecast for BTC has predicted that its annual growth rate may slow from 55% to 20% by 2045 which will eventually drive its price to $13 million per unit.
As of this writing, the price of BTC has jumped by 0.87% to $68,704 in the last 24 hours with a market cap of $1.3 trillion and is up 1.18% over the last week.