The excitement around cryptocurrencies in the United States during President-elect Donald Trump’s term is akin to the space race, according to Ari Redboard, director of legal and government affairs at TRM Institute.
Monaka interview “Policy is about people,” Redboard said on CNBC’s Squawk Box, noting that Trump has chosen new Securities and Exchange Commission (SEC) chairman Paul Atkins and new SEC chairman David Sachs. He emphasized the crypto-currency advocates he has appointed to cabinet positions so far. “Crypto Emperor”.
He added:
“There’s a space race-like excitement where the United States is now in a position to either catch up with the rest of the world or overtake the rest of the world, and we’re thinking of a kind of rhythm.”
bitcoin reserves
As Bitcoin (BTC) once again crossed the $100,000 price threshold on January 6th, Redboard said positive policy shifts, such as establishing a strategic BTC reserve in the US, will drive value creation for the asset. Then he said.
He also expressed excitement about the proliferation of blockchain technology in the U.S., citing fintech companies such as Stripe that use stablecoins for payments.
While investors view Bitcoin as an integrated store of value, Redboard said the growing use of blockchain in financial transactions will drive growth in the cryptocurrency industry.
Redboard did not provide a specific price target for Bitcoin, but said he believed the price could “substantially rise”, boosted by the U.S. Strategic Bitcoin Reserve.
Notably, he assessed that the idea of ​​such reserves in the United States could spark a broader movement.
“As countries around the world look at the election, look at some of the campaign promises, and look at what the Trump administration has already done, they see more countries and even states. I think it’s starting.”
Metaplanet CEO Simon Georgiewicz recently shared A similar view holds true regarding the potential U.S. Bitcoin reserves. he said thisSuch a move by the world’s largest economy could spark competition between nations, with those that act last likely to pay the highest price.
Last week, the Swiss Prime Minister’s Office approved Proposal to add BTC to national reserve and Hong Kong lawmaker advocated He will do the same for his country.
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