Bitcoin has reached new heights, surpassing the $100,000 mark for the first time ever, fueled by increased investor optimism following Donald Trump's presidential victory and anticipated regulatory changes.
Trump's nomination of Paul Atkins as SEC chair signals a potential shift towards more favorable regulations for cryptocurrency, as anticipated reduced scrutiny may boost market confidence and innovation.
Jerome Powell compares Bitcoin to gold, asserting that it is digital and shares characteristics with gold, while emphasizing that it is not widely used for payments or as a dollar substitute.
With Trump's involvement in the cryptocurrency sector through his De-Fi project, World Liberty Financial, there are expectations for a stronger global standing of the US dollar in the DeFi space.
Collection
[
|
...
]