Former President Donald Trump addressed the crowd at the Nashville Bitcoin 2024 Conference, discussing recent developments in electric car infrastructure, expressing concerns about the financial sustainability of such projects, and laying out an ambitious plan to position the United States as the global leader in cryptocurrency.

"In the Midwest, they just opened up two chargers, you know, a charger for the electric cars. And, you know, I love Elon. He's great. He endorsed me, and great endorsement and everything else," Trump began. "But not everybody has to have an electric car. I told him that. So we're going to get rid of that mandate. If you don't mind, some people want gasoline-propelled cars. Some people want a hybrid, and some people like an electric car. They're great. I think they're great. I think what he's done is great."

Trump highlighted the impracticality of the current approach to electric car infrastructure. "It's just like they did these chargers in the Midwest. There are eight of them. They spent $9 billion to build eight chargers to charge up a car. And at that rate, it would cost approximately $12 trillion to put the chargers somehow. That's not working. The country would have to file for Chapter 11. We'll do a chapter, you know, it's called Chapter Seven instead of a Chapter 11, but it's the equivalent. Now, we have to use our brain. We have to be—we are the party of common sense. Okay, we have to have common sense."

He emphasized the need for balanced energy production to stay competitive on the global stage. "But what we do have to do is we have to produce tremendous electric for AI and for all of the other things, including the things that you're doing, and we'll get it produced. And we're going to get it produced fast, or we're not going to be able to compete with China and other countries. So we're going to get it produced."

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Shifting focus to cryptocurrency, Trump unveiled his vision for America's dominance in the crypto space. "This afternoon, I'm laying out my plan to ensure that the United States will be the crypto capital of the planet and the Bitcoin superpower of the world, and we'll get it done."

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