The CoinFlip Preferred team attended this year’s Bitcoin Nashville Conference hosted by Bitcoin Magazine. The excitement around the digital asset landscape continues, with over 35,000 people attending, highlighted by political support for the industry, discussions on BTC as a strategic asset, institutional ownership, and long-term perspectives on the industry as a whole.   

Donald Trump’s Speech 

Donald Trump delivered a speech advocating for crypto, emphasizing his desire for the U.S. to take a leadership role in the global crypto market. He mentioned that he will support the U.S. holding Bitcoin as a strategic asset and wants to create rules favorable to the industry. Additionally, Trump vowed to dismiss SEC chair Gary Gensler on his first day in office and to commute the sentence of Ross Ulbricht, the founder of Silk Road.  

Bitcoin a Strategic U.S. Asset and the Political Shift 

This year’s conference marked a notable shift in political support for digital assets. A key highlight was Robert F. Kennedy’s proposal to transfer the U.S. government’s current Bitcoin holdings to the Federal Reserve, maintaining it as a strategic asset. He also suggested that the U.S. Treasury purchase 500 BTC daily, aiming to build  a reserve of four million Bitcoin. Senator Tim Scott echoed this sentiment, viewing this approach as a way to elevate the United States to a long-term leadership role.  

Institutional Interest in Crypto 

The enthusiasm and shift in institutional interest for digital assets was evident at the conference. Robert Mitchnick (Head of Digital Assets at Blackrock) spoke about Bitcoin’s lack of correlation long term to other assets outside of global interest rates, which makes a compelling case for institutions to take notice. He mentioned most purchasers of the IBIT ETF seem to be long term holders. Chris Kulper of Fidelity Digital Assets also delivered a presentation on the growing institutional interest in the space and noted BTC’s superior returns over time with just a small portfolio allocation. 

Michael Saylor’s Bold Prediction 

Michael Saylor, arguably one of the most well-known Bitcoin bulls, with MicroStrategy (MSTR) holding approximately $15 billion in BTC, delivered a powerful keynote speech highlighting his long-term price predictions. He projected that BTC could hit $13 million per coin by 2045 in a base case scenario, eventually exceeding the market caps of traditional assets such as art and gold. Saylor elaborated on his prediction, suggesting that digital assets may outlast physical ones over time, especially if custody was managed by AI in the future. Lastly, Saylor proposed the U.S. government to acquire Bitcoin as a strategic asset to strengthen the value of the U.S. dollar and advocated for corporations to convert their long-term capital in BTC holdings, calling stock buybacks a waste.

Source: Michael Saylor’s BTC Nashville Presentation 

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