Former President Donald Trump's recent speech at the Bitcoin 2024 Conference on July 27th has stirred a wide range of reactions on the social media platform X. 

The speech, which included bold promises such as firing SEC Chairman Gary Gensler, creating a national Bitcoin stockpile, and making the United States a Bitcoin superpower, has been met with both enthusiasm and skepticism.

The speech garnered significant support from notable figures. Michael Saylor, Founder and Chairman of MicroStrategy, shared a video clip of Trump with the caption, 'Never sell your #Bitcoin.' 

This sentiment was echoed by many in the community who see Trump's pro-Bitcoin stance as a positive step for the future of the digital asset.

Collin Rugg also highlighted the crowd's enthusiastic response when Trump vowed to fire SEC Chairman Gary Gensler. 

According to Rugg, the crowd went "absolutely nuts" at this announcement, indicating strong support for Trump's proposed regulatory changes. 

Dan Held dismissed criticisms that Bitcoin has lost its way due to associations with figures like Trump or institutions like BlackRock, reaffirming the core principles of Bitcoin and its resilience against external influences.

However, not all reactions were positive. Some users criticized Trump's conflation of Bitcoin with the broader category of "crypto," which is often associated with scams and nefarious activity.

Carl ₿ Menger and others online point out that the distinction between Bitcoin and cryptocurrencies is crucial and that Trump's speech failed to make this clear, leading to confusion.

Samson Mow, CEO of JAN3, rated the speech a lukewarm 5/10, indicating that it did not fully meet his expectations. 

Even those not necessarily associated with Bitcoin, like Andrea Lynn, have chimed in, raising doubts about the authenticity of Trump's recent injury and recovery, and suggesting that the timing of his miraculous healing should be questioned.

Additionally, Nostra, House of Gold accused Trump of attempting to artificially pump Bitcoin's price, suggesting ulterior motives behind his pro-Bitcoin rhetoric.

Some reactions remained neutral, focusing more on the political implications of Trump's speech rather than its content. Daniel Sempere Pico conducted a poll asking who people would vote for after hearing Trump’s speech. 

The results showed that a significant portion of Pico’s followers (and possibly the Bitcoin community) might prefer RFK Jr. over Trump, indicating that while Trump's speech was impactful, it did not sway the majority of the community towards his candidacy.

Trump's speech at the Bitcoin 2024 Conference has certainly sparked a variety of responses. 

Supporters view his pro-Bitcoin stance and promises of regulatory changes as a positive move for the asset's future. 

Critics, however, remain skeptical of his understanding of the Bitcoin industry and his motives.

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