David Bailey, a crypto policy advisor and aide to Donald Trump, shared details of his discussion with the President. According to Bailey, Trump is committed to building a pro-crypto environment in the US through policy management.
Trump said that Bitcoin will witness unseen highs, and the US is going to ‘outcompete China or any other country that wants to take that away from us’. This statement confirms Trump’s new approach towards crypto. During his first term, he was quite skeptical about Bitcoin and other crypto assets, deeming them unregulated and volatile.
However, Trump’s latest presidential campaign was quite different in its attitude to cryptocurrencies. He openly expressed his support for the crypto economy and even accepted donations in crypto. What’s more, Trump is now eyeing Bitcoin as a key component to tackle the $35 trillion national debt. There are even talks of establishing a Bitcoin reserve at both the federal and state levels.
Bitcoin hit new highs when it crossed the $109,000 mark after Trump’s election as the POTUS ..
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