The world's largest Bitcoin conference was held in Nashville last weekend. In all probability, no conference within the cryptocurrency world has attracted such big names, but among the guests and speakers were Donald Trump, Robert F. Kennedy Jr., Edward Snowden, Cathie Wood, Russell Brand, and Vivek Ramaswamy.

Trump's speech undoubtedly stood out, as in recent months he has spoken very openly about his support for Bitcoin and cryptocurrencies and has put forward several proposals that he will advocate for if he is elected president, which currently seems quite likely.

Most notably, Trump suggests that the U.S. cease all further sales of Bitcoin that the country has acquired over time, and that the current U.S. Bitcoin holdings instead become the foundation of the U.S. strategic reserve. He also wants to push for comprehensive new cryptocurrency legislation and for the U.S. to become a leading country in this field globally. Concurrently, Congresswoman Cynthia Lummis introduced a new bill proposing that the U.S. purchase additional Bitcoin as part of its currency reserve. This bill envisages buying up to 5% of all issued Bitcoin, equivalent to about $68 billion.

However, this strong interest from Trump and the Republicans is not limited to party lines, as Democrats also seem to have shifted their stance in recent months. Supporting this, the approval of the Ethereum exchange-traded fund by the SEC in July appears to be based on a political policy change, as the SEC had previously rejected such funds.

There has thus been a complete turnaround in U.S. politics towards cryptocurrencies, and it is clear that authorities are beginning to recognize it as one of the greatest technological inventions of the century. Furthermore, Kamala Harris' advisory team has had meetings with stakeholders from the cryptocurrency industry in recent weeks, further suggesting that this is a major campaign issue for the presidential election in November. This should come as no surprise, as over 50 million Americans own crypto, and the majority of Fortune 500 companies have started using blockchain technology in their operations in some way.

Among other speakers at the conference was Robert F. Kennedy Jr., who also spoke clearly in favor of the U.S. buying Bitcoin as part of its currency reserve. Edward Snowden discussed how the cryptocurrency world is finally getting the recognition it deserves. Jan van Eck, CEO of the asset management company VanEck which has over $100 billion in AUM, mentioned that he personally has over 30% of his savings in Bitcoin.