Trump Crypto Summit: Will Bitcoin Be the New Gold of the USA?
On March 7th, the first Crypto Summit organized by President Donald Trump took place at the White House. This historic event brought together key leaders of the cryptocurrency industry, as well as members of the Presidential Task Force on Digital Assets. The summit generated great anticipation and left several important announcements that could change the course of the crypto ecosystem both in the United States and around the world.
What was expected from the meeting on Bitcoin and crypto?
It was David Sacks who announced the celebration of the Crypto Summit on his official “X” account. Since then, the community has been attentive to the possible outcomes of the event. The meeting was expected to address crucial topics such as the inclusion of Bitcoin in the State reserves, cryptocurrency regulation, and the Trump administration’s stance on these digital assets.
President Trump will host the first White House Crypto Summit on Friday March 7. Attendees will include prominent founders, CEOs, and investors from the crypto industry. Look forward to seeing everyone there! pic.twitter.com/PEynzDuAOt
— David Sacks (@davidsacks47) March 1, 2025
Main announcements of the crypto event at the White House
One of the most anticipated announcements was the proposal to include Bitcoin in the State reserves. This came as a result of Commerce Secretary Howard Lutnick, who would also attend the event, hinting that Bitcoin could receive special consideration within the framework of the Trump administration’s cryptocurrency policy. Although it was not officially confirmed until the event’s celebration, the possibility of Bitcoin becoming part of the national reserves generated a great stir in the sector.
The summit featured the participation of prominent figures such as Michael Saylor, CEO of Strategy; Brad Garlinghouse, CEO of Ripple; Brian Armstrong and Sergey Nazarov, co-founder of Chainlink, among others. During the event, Trump reiterated his commitment to making the United States the “crypto capital of the world” and praised the recent regulatory change in the crypto industry.
President Trump Delivers Remarks at the White House Digital Assets Summit https://x.com/i/broadcasts/1jMJgkzZVpqJL
— The White House (@WhiteHouse) March 7, 2025
Although Trump in his first term was critical of Bitcoin, calling it a “scam,” he has adopted a more favorable stance towards digital assets in his return to the presidency. Thus, Trump finally fulfilled his promise and signed the executive order establishing the Strategic Bitcoin Reserve and the United States Digital Assets Reserve.
Reactions of the crypto ecosystem to the summit
As expected, after the summit, the price of Bitcoin and other altcoins experienced significant fluctuations. It is worth noting that Bitcoin remained relatively stable. However, some altcoins like XRP and Solana went through a drop in their prices due to the lack of active purchases by the US government.
In light of these events, it is logical to ask questions about possible centralization and government control. However, the free market implies that everyone can buy and sell as they wish and as much as they want. On the other hand, Saylor highlighted that the adoption of Bitcoin by the government could benefit both Bitcoin and the industry in general. In his document titled “A Digital Assets Strategy to Dominate the Global Economy of the 21st Century” he states that the United States should acquire up to 25% of the total Bitcoin supply over the next decade for its Strategic Reserve.
What would adopting Bitcoin as part of the national reserves imply?
Adopting Bitcoin as part of the national reserves would imply a significant change in the economic policy of the United States. Unlike the gold standard, which has been a traditional store of value, Bitcoin offers a fixed supply architecture that resists inflationary pressures. We cannot say the same about fiat currencies. Its adoption would be key to boosting the stability of the crypto market and advancing the global economy.
How to access Bitcoin today if you believe in its long-term potential?
It is undeniable that Trump’s Crypto Summit at the White House has marked a before and after in the cryptocurrency industry. Although many may have expected more, the United States has made clear a more favorable stance towards digital assets, potentially on its way to becoming the crypto capital of the world.
At this point, we can only give you good news, and that is if you believe in the long-term potential of Bitcoin, accessing this cryptocurrency is easier than ever. Thanks to platforms like Bitnovo, you can buy and store BTC safely and easily. Bitcoin offers a form of financial diversification and protection against inflation, which makes it relevant in the times we live in.