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• At a big meeting, Donald Trump, who used to be the President of the United States, said he wants to keep a lot of Bitcoin for the country if he becomes President again.
• The price of Bitcoin changed a lot when Mr. Trump was speaking. It went down a lot, and about $24 million worth of Bitcoin was sold.
• After Mr. Trump finished speaking, the price of Bitcoin went back up because people thought his idea was good.

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Trump Pushes to Make Bitcoin a U.S. Asset

At a big meeting called Bitcoin 2024 in Nashville, Bitcoin, a type of digital money, started to change its value a lot. This happened when a man named Donald Trump, who used to be the President of the United States, made a speech. Mr. Trump said that if he becomes President again, he wants to keep a lot of Bitcoin for the country, just like we keep gold or oil. This idea was something people thought he might say.

People were really interested in Mr. Trump’s idea because it would be a big change for how our country thinks about money. Usually, we think about money as things we can touch like gold or oil. But Bitcoin is different because it’s digital, which means it only exists on computers. 

Before Mr. Trump spoke, the value of Bitcoin had gone up to more than $69,000. But after he talked, it went down to $66,700 before going back up to more than $68,000. These changes show that what important people like Mr. Trump say can make the value of Bitcoin go up and down really fast.

While Mr. Trump was talking, about $24 million of Bitcoin was sold, which may be why the price went down. This shows that what important people say can change how much Bitcoin is worth very quickly.

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