Bitcoin 2024 day 2 recap: Saylor’s vision, RFK’s remarks steal the show in Nashville

Day
two
of
the
Bitcoin
2024
conference
in
Nashville
was
a
whirlwind
of
insights,
forecasts
and
political
statements,
reflecting
the
growing
influence
of
Bitcoin
across
multiple
sectors. 

With
notable
figures
such
as
Michael
Saylor,
Edward
Snowden,
and
independent
presidential
candidate
Robert
F.
Kennedy
Jr.
taking
the
stage,
the
second
day
of
the

event,
July
26,
was
packed
with
memorable
moments
and
bold
predictions.
We
gathered
the
highlights
below.

Michael
Saylor’s
grand
vision

MicroStrategy
CEO

Michael
Saylor
captivated
the
audience
with
his
ambitious
projections
for
the
future
of
Bitcoin
(BTC).

In
his
keynote
speech,
Saylor
outlined
scenarios
where
Bitcoin’s
market
cap
could
reach
$280
trillion
by
2045,
making
up
7%
of
global
wealth
in
the
process.
That,
he
argued,
could
elevate
Bitcoin’s
value
to
an
astonishing
$49
million
per
coin. The
current
market
cap
of
the
leading
cryptocurrency
is
around

$1.3
trillion.

Furthermore,
even
in
his
conservative
“bear
case”
scenario,
Saylor
claimed
Bitcoin
could
still
hit
$3
million
per
coin,
accounting
for
2%
of
global
wealth.

Under
Saylor’s
leadership,
MicroStrategy
has

accumulated
226,331
Bitcoins,
as
of
the
end
of
June,
now
worth
approximately
$15.4
billion.

Legislative
silence
from
Lummis

Senator
Cynthia
Lummis,
a
staunch
advocate
for
Bitcoin,
also
took
the
Bitcoin
2024
stage
with
fellow
lawmaker
Tim
Scott
to
discuss
the
crypto
regulatory
landscape. 

Well
that
was
super
fun.
I
cannot
thank

@SenatorTimScott
enough.
I’m
so
excited
for
what
we
can
accomplish.

America
is
about
to
go
from
gradually
to
suddenly
(as

@parkeralewis
says,
read
his
book
for
the
deets)
🧡

We
aren’t
done
yet.
Still
have
one
more
easter
egg
🥚to
drop…

pic.twitter.com/nT0V8xAr66

—
Cynthia
Lummis
🦬
(@CynthiaMLummis)

July
26,
2024

However,
contrary
to

previous
reports,
Lummis
did
not
announce
new
legislation
to
establish
Bitcoin
as
a
strategic
reserve
asset
for
the
U.S.

Instead,
the
Wyoming
senator

again
criticized
the
regulatory
approach
being
used
by
the
U.S.
Securities
and
Exchange
Commission
and
highlighted
the
Republican
Party’s
efforts
to
protect
digital
asset
ownership
in
the
U.S.

Senator
Scott,
on
his
part,
hinted
at
innovative
uses
of
Bitcoin,
such
as
creating
“opportunity
zones”
to
spur
development
in
underserved
areas. 

Despite
the
lack
of
new
legislative
announcements,
the
speeches
from
the
two
legislators
underscored
the
political
momentum
behind
Bitcoin,
especially
with
presidential
elections
around
the
corner.

Snowden’s
cautionary
note

Another
interesting
speaker
on
Bitcoin
2024’s
second
day
was
whistleblower
and
privacy
advocate
Edward
Snowden.

Speaking
virtually,
the
former
NSA
contractor
cautioned
attendees
about
the
charm
offensive
from
politicians
trying
to
win
over
the
crypto
community
for
their
own
agendas.

Snowden,
who
has
been
in
exile
in
Russia
since
2013,
warned
that
many
lawmakers
are
trying
to
gain
the
support
of
Bitcoin
enthusiasts
without
genuinely
aligning
with
their
values. 

He
advised
attendees
to
engage
with
politicians
on
their
terms
but
not
to
become
overly
attached
to
or
misled
by
their
promises.

They
are
not
our
tribe.
They
are
not
your
personality.
They
have
their
own
interests,
their
own
values,
their
own
things
they’re
chasing.
Try
to
get
what
you
need
from
them,
but
don’t
give
yourself
to
them,
even
if
you
have
to
vote
for
them.

Edward
Snowden,
speaking
virtually
at
Bitcoin
2024
in
Nashville

His
message
was
clear:
while
political
support
can
be
beneficial,
the
crypto
community
must
remain
vigilant
and
independent.

Robert
F.
Kennedy
Jr.’s
bold
promises

In
one
of
the
highlights
of
the
day,
independent
presidential
candidate
RFK
promised
to
designate
Bitcoin
as
a
strategic
reserve
asset
if
elected. 

His
plan
includes
transferring
more
than
200,000
BTC
held
by
the
government
to
the
U.S.
Treasury
and
initiating
daily
purchases
to
build
a
reserve
of
4
million
Bitcoins. 

RFK
further
hinted
that
Republican
presidential
candidate

Donald
Trump
—
who
is
scheduled
to
address
Bitcoin
2024
audiences
later
today,
July
27
—
may
announce
his
plan
to
authorize
the
U.S.
government
to
buy
a
million
Bitcoins
as
a
strategic
reserve
asset
if
he
wins
the
upcoming
presidential
elections.

JUST
IN:
🇺🇸
US
Presidential
candidate
Robert
Kennedy
F.
Jr.
says
“I
understand
that
tomorrow
President
Trump
may
announce
his
plan
to
authorize
the
US
government
to
buy
a
million
Bitcoin
as
a
strategic
reserve
asset,
and
I
applaud
that
announcement.”

pic.twitter.com/kQdF5u5cCZ

—
Bitcoin
Magazine
(@BitcoinMagazine)

July
26,
2024

Despite
his
bold
proposals,
which
would
reflect
a
dramatic
shift
towards
integrating
Bitcoin
into
U.S.
monetary
policy,
the
latest
polls
show
that
Kennedy
still
trails
behind
VP
Kamala
Harris
and
Donald
Trump. 

A
July
23
Reuters/Ipsos

poll
showed
Harris
leading
with
42%,
Trump
with
38%,
and
Kennedy
with
8%.

Stay
tuned
for
more
coverage
of
Bitcoin
2024
today
as
the
event
enters
its
third
and
final
day.
All
eyes
will
be
on
Trump’s
keynote
speech,
which
is
scheduled
for
2pm
ET.