menuIcon
$ 103,900.2
BTC
$ 103,900.2
-0.04 %
$ 2,533.18
ETH
$ 2,533.18
7.00 %
$ 0.8069
ADA
$ 0.8069
1.49 %
$ 662.10
BNB
$ 662.10
-0.20 %
$ 175.20
SOL
$ 175.20
1.79 %
Sujit Kumar
Dec 23, 2024
by Sujit Kumar

Trump’s Crypto Team Appointment Fuels Market Optimism

Trump’s Crypto Team
President-elect Donald Trump is assembling a high-profile team to reshape U.S. cryptocurrency policy, signaling a friendlier approach to digital assets. Bo Hines, a former college football player and 2022 Republican candidate, has been named Executive Director of the Presidential Council of Advisers for Digital Assets, or the "Crypto Council." Hines will collaborate with Trump’s crypto czar, David Sacks, to foster innovation and growth in the sector.

[embed]https://TWITTER.com/teddyschleifer/status/1870955037486407959[/embed]

Trump’s broader vision aims to establish the U.S. as the “world capital of crypto,” a move welcomed by the industry. The addition of prominent figures like Elon Musk and former SEC Commissioner Paul Atkins to key roles is expected to lead to more supportive regulations, encouraging technological advancements in the crypto space.

AI and Economic Leadership Bolster Innovation

[embed]https://TWITTER.com/santimentfeed/status/1870703025322344731[/embed]

Trump’s focus extends beyond crypto, with significant appointments in AI and economic policy. Sriram Krishnan, a former Andreessen Horowitz partner, will serve as senior AI policy adviser, while pro-crypto economist Stephen Miran is set to chair the Council of Economic Advisers. These moves indicate a broader strategy to modernize the U.S. economy and technology sectors.

Bitcoin’s Sentiment Points to Potential Recovery

Bitcoin has struggled recently, dipping 10% from its peak of $108,300 to approximately $95,000 after hawkish Federal Reserve comments. Social sentiment has hit its lowest point in 2024, with bearish rumors dominating the market. However, analytics platform Santiment notes that such low sentiment often precedes a price breakout.

If Trump’s administration introduces unified crypto policies, Bitcoin could regain momentum, with projections from Mark Yusko of Morgan Creek Capital suggesting a possible rise to $120,000 by 2025.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Follow us on: News
Trump’s Crypto Team
Trump’s Crypto Team Appointment Fuels Market Optimism
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

Top Picks