• President-elect Donald Trump said the U.S. is going to become the global leader for cryptocurrency in his upcoming term
• Trump’s embrace of the crypto industry is a welcome pivot for digital currency investors from the stance of the current administration
• A national strategic bitcoin reserve or stockpile is among Trump’s many campaign promises to the growing crypto industry
In a remarkable move that promises to redefine the US stance on digital currencies, President-elect Donald Trump hinted at a significant policy pivot towards cryptocurrency in his upcoming term. The president-elect’s remarks came during a conversation with CNBC’s Jim Cramer at the New York Stock Exchange.
Trump’s Promise to Embrace Crypto
President-elect Donald Trump has raised the hopes of cryptocurrency enthusiasts with his recent statement. “We’re going to do something great with crypto because we don’t want China or anybody else, but others are embracing it and we want to be ahead,” Trump stated during his interaction with Cramer. His endorsement is a clear indication that the US is determined to be at the forefront of the global crypto industry.
A Welcome Departure from Current Administration’s Stance
Contrary to the current administration, which has a notoriously contentious relationship with crypto businesses, Trump’s approach is being seen as a welcome change by digital currency investors. His promise to consider a national strategic bitcoin reserve signals his commitment to the growing sector.
Trump Honored at the New York Stock Exchange
During his visit to the New York Stock Exchange, Trump was honored with the opportunity to ring the opening bell, commemorating his selection as Time magazine’s Person of the Year.
Bitcoin’s Performance
On the market front, Bitcoin has been maintaining a steady performance, hovering just above the significant $100,000 milestone it crossed the previous week.
Conclusion
Trump’s endorsement of the crypto industry signals a potential shift in US policy. With promises of a strategic Bitcoin reserve and intentions to lead the global crypto industry, Trump’s upcoming term could herald a new era for digital currencies in the United States.
