In a significant address at the recent Bitcoin conference, a presidential candidate outlined ambitious plans for the integration of Bitcoin into U.S. financial policy, emphasizing its potential as a strategic asset for the nation. The candidate expressed enthusiasm for the cryptocurrency, citing extensive discussions with industry leaders, miners, policymakers, and economists since last year's conference in Miami.

On the first day of their presidency, the candidate pledged to sign an executive order directing the Department of Justice and U.S. Marshals to transfer approximately 200,000 Bitcoin currently held by the government to the U.S. Treasury. This move aims to position Bitcoin as a strategic asset, akin to the nation's gold reserves, which account for about 19% of global holdings.

Further, the candidate proposed a daily purchase of 550 Bitcoin by the Treasury until the U.S. accumulates a reserve of at least 4 million Bitcoin, asserting that this would establish a dominant position in the global cryptocurrency market. The candidate projected that such actions could elevate Bitcoin's valuation to hundreds of trillions of dollars.

In addition to these measures, the candidate announced plans for the Internal Revenue Service (IRS) to issue guidelines categorizing all transactions between Bitcoin and the U.S. dollar as non-taxable. They also intend to classify Bitcoin as an eligible asset for 1031 exchanges into real property.

Reflecting on the Bitcoin community, the candidate noted its paradoxical nature, characterized by both fierce divisions on minor issues and a strong sense of unity regarding the overarching goals of freedom, optimism, and transparency. They likened this dynamic to American politics, advocating for a diverse yet united approach to national aspirations.

The candidate concluded by reaffirming their belief in Bitcoin as a \"currency of hope\" and a \"perfect currency,\" underscoring its potential to foster independence and democracy.