{"id":557792,"date":"2024-07-28T11:09:25","date_gmt":"2024-07-28T11:09:25","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=557792"},"modified":"2024-07-28T11:09:25","modified_gmt":"2024-07-28T11:09:25","slug":"bitcoin-price-climbs-as-donald-trump-vows-to-fire-gary-gensler-create-strategic-bitcoin-reserve-and-tells-investors-to-never-sell-your-bitcoin","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/bitcoin-price-climbs-as-donald-trump-vows-to-fire-gary-gensler-create-strategic-bitcoin-reserve-and-tells-investors-to-never-sell-your-bitcoin","title":{"rendered":"Bitcoin Price Climbs As Donald Trump Vows To Fire Gary Gensler, Create Strategic Bitcoin Reserve, And Tells Investors To \u201dNever Sell Your Bitcoin\u201d"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The bitcoin price climbed 0.5% in the last 24 hours after presidential candidate Donald Trump said he would set up a strategic national Bitcoin reserve, fire Securities and Exchange Commission chair Gary Gensler, and make the US the crypto capital of the world if he regains the White House in November.<\/span><\/p>\n<p>&ldquo;Never sell your bitcoin,&rdquo; he said in a speech at<span style=\"font-weight: 400;\"> the Bitcoin 2024 conference in Nashville on July 26<\/span>. &ldquo;On day one, I will fire Gary Gensler. I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris&rsquo;s anti-crypto crusade will be over.&rdquo;<\/p>\n<p>The BTC price <span style=\"font-weight: 400;\"><a href=\"https:\/\/www.coingecko.com\/en\/coins\/bitcoin\">traded at $68,048<\/a> as of 7:20 p.m. EST on a 32% pump in trading volume to $36 billion.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">AMERICA AND BITCOIN<br>A historical speech. Here is Donald Trump's full speech at the Bitcoin Conference with timestamps and transcript.<\/p>\n<p>TIMESTAMPS<br>1:36 &ndash; Shoutouts to David Bailey, Winklevosses, Michael Saylor, Cathie Wood, Ron Paul and Rand Paul, Vivek, and the victims of the&hellip; <a href=\"https:\/\/t.co\/YlQWeTuAIz\">pic.twitter.com\/YlQWeTuAIz<\/a><\/p>\n<p>&mdash; Balaji (@balajis) <a href=\"https:\/\/twitter.com\/balajis\/status\/1817342210549199154?ref_src=twsrc%5Etfw\">July 27, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Speaking to a crowd of about 5,000, Trump expressed his desire for Bitcoin to be &ldquo;mined, minted, and made in the U.S.&rdquo; He also outlined a broad crypto policy that covers everything from regulating stablecoins to supporting the right to self-custody Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a related development, Senator Cynthia Lummis said she plans to introduce a bill next week directing the U.S. Treasury to buy 1 million Bitcoin over five years, which would cost almost $70 billion at current prices. She believes this move will help counteract dollar debasement.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Over five years, the United States will assemble one million Bitcoin, 5% of the world&rsquo;s supply! <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin2024?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin2024<\/a> <a href=\"https:\/\/t.co\/mPuqbq9RK8\">pic.twitter.com\/mPuqbq9RK8<\/a><\/p>\n<p>&mdash; Senator Cynthia Lummis (@SenLummis) <a href=\"https:\/\/twitter.com\/SenLummis\/status\/1817324592341319915?ref_src=twsrc%5Etfw\">July 27, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Lummis views Bitcoin as a strong store of value, noting its 55% annual increase over the past four years, compared to the dollar&rsquo;s decline amid rising inflation.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Bitcoin Price Breakout Looms: Is A Bull Run Imminent?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The Bitcoin price is still trading within the bullish pennant formation. This indicates that bulls might be gearing up for a rally above the pennant. The formation suggests a possible upward trend, hinting that the bullish momentum could persist and drive prices beyond Bitcoin&rsquo;s previous all-time high.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-557794 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/BTCUSDT_2024-07-28_05-56-41.png\" alt=\"Bitcoin Price\" width=\"980\" height=\"545\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/BTCUSDT_2024-07-28_05-56-41.png 980w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/BTCUSDT_2024-07-28_05-56-41-300x167.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/07\/BTCUSDT_2024-07-28_05-56-41-768x427.png 768w\" sizes=\"(max-width: 980px) 100vw, 980px\"><\/p>\n<p><span style=\"font-weight: 400;\">BTCUSDT Analysis (Source: Tradingview)<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bitcoin price shows a rebound on the 50 day simple moving average (SMA), and also remains above the 200-day SMA. A potential rise in Bitcoin&rsquo;s price could validate expectations of breaking above pennant&rsquo;s upper trendline.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite the Relative Strength Index (RSI) showing a brief bearish trend, it has rebounded on the midline level of 50 to 63, indicating intense buying pressure. This suggests a potential upside to the 70 overbought region.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Furthermore, the sentiment is reinforced by the green histogram bars on the Moving Average Convergence Divergence (MACD) indicator and a recent crossover, in which the blue average line has moved above the orange signal line.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Bitcoin Price Prediction: Can The Bitcoin Bulls Sustain The Momentum?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Bitcoin&rsquo;s price is set for a major bull rally, after a recent rebound on the 50-day SMA. Traders are leveraging the bullish pennant to push for a potential new all-time high of $86,527.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, if bears regain control they could push the price down, it might fall below the 50-day SMA to around $65,227. Further downward pressure could drive it down to the 200 SMA at $61,514.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">A Promising Alternative To Bitcoin<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As excitement builds around Trump&rsquo;s crypto policies and their impact on the Bitcoin price, investors are snapping up a new learn-to-earn crypto called<\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/99bitcoins\" rel=\"nofollow\"><span style=\"font-weight: 400;\"> 99Bitcoins($99BTC)<\/span><\/a>, which has <span style=\"font-weight: 400;\">zoomed past $2.5 million in presale.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">99Bitcoins<\/span><span style=\"font-weight: 400;\"> is an educational platform with over 2 million registered users for its courses and more than 706k subscribers to its YouTube channel.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The platform is gearing up to launch a decentralized platform that aims to empower users to delve deeper into the world of crypto while also allowing them to earn tokens through education. It uses a friendly approach, utilizing interactive videos to simplify learning.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Following the highs of Q1 2024, the <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> market faced a retrace in Q2. Despite this, <a href=\"https:\/\/twitter.com\/hashtag\/MemeCoins?src=hash&amp;ref_src=twsrc%5Etfw\">#MemeCoins<\/a> have remained as the most popular and profitable narrative. &#129321;<\/p>\n<p>Memecoins delivered massive returns in Q1 2024, with an average return of 1,313% across the top tokens. &#128293; <a href=\"https:\/\/t.co\/GEIfbnWFTa\">pic.twitter.com\/GEIfbnWFTa<\/a><\/p>\n<p>&mdash; 99Bitcoins (@99BitcoinsHQ) <a href=\"https:\/\/twitter.com\/99BitcoinsHQ\/status\/1816835989504991449?ref_src=twsrc%5Etfw\">July 26, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">99Bitcoins seeks to make learning about Bitcoin more fun and engaging by turning it into a game. Users can advance through levels and earn rewards in $99BTC tokens by completing lessons and challenges. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">They can also stake their tokens for an impressive annual return of 676%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is why ClayBro, a prominent crypto YouTuber with more than 130k subscribers, believes that 99BTC could potentially explode after launch on tier-one exchanges.<\/span><\/p>\n<p><iframe title=\"99 Bitcoins Is A Learn To Earn Token That Could Soar When Retail Returns!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/ZEHMWBZrT6A?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">With just 9 days until the 99BTC presale ends, you can purchase 99BTC from the official website for $0.00115.&nbsp;<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">&#128293; Our <a href=\"https:\/\/twitter.com\/hashtag\/Presale?src=hash&amp;ref_src=twsrc%5Etfw\">#Presale<\/a> is nearly over! &#128293;<\/p>\n<p>Secure your $99BTC tokens now before the final price increase! &#128064;<\/p>\n<p>The presale ends on the 6th of August at 2 PM UTC. Don&rsquo;t miss out! &#128467;&#65039; <a href=\"https:\/\/twitter.com\/hashtag\/99Bitcoins?src=hash&amp;ref_src=twsrc%5Etfw\">#99Bitcoins<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/t.co\/ggU70617jT\">pic.twitter.com\/ggU70617jT<\/a><\/p>\n<p>&mdash; 99Bitcoins (@99BitcoinsHQ) <a href=\"https:\/\/twitter.com\/99BitcoinsHQ\/status\/1815681279595049211?ref_src=twsrc%5Etfw\">July 23, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">With the price set to increase in less than 2 days, buy now for the best deal.<\/span><\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/99bitcoins\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Buy 99BTC from using ETH, USDT, or a bank card.<\/span><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">Related Articles<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-hammy-sad-hamster-price-soars-50-and-this-might-be-the-next-crypto-to-explode\"><span style=\"font-weight: 400;\">Is It Too Late To Buy HAMMY? Sad Hamster Price Soars 50%, And This Might Be The Next Crypto To Explode<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/best-meme-coins-invest-top-picks-exponential-gains-calsona-iorle\"><span style=\"font-weight: 400;\">Best Meme Coins to Invest in: Top Picks for Exponential Gains!<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/bitcoin-price-prediction-as-michael-saylor-says-btc-will-hit-13-million-by-2045-in-bitcoin-2024-speech\"><span style=\"font-weight: 400;\">Bitcoin Price Prediction As Michael Saylor Says BTC Will Hit $13 Million By 2045 In Bitcoin 2024 Speech<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">99Bitcoins (99BTC) - 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