President-elect Donald Trump made Bitcoin and cryptocurrency adoption a major focal point of his campaign in 2024, promising greater investment in Bitcoin as a strategic reserve; with some of his allies and others in his circle of compatriots touting the possibility of selling gold reserves to buy Bitcoin instead.
SEE: Trump Nominates Paul Atkins As SEC Chair Paving The Way For Tokenization
As first reported by Bloomberg: (excerpts)
President-elect Donald Trump is planning to release an executive order elevating crypto as a policy priority and giving industry insiders a voice within his administration, according to people familiar with the plans.
The order is expected to name crypto as a national imperative or priority — strategic wording intended to guide government agencies to work with the industry, according to people familiar with the matter. It is also slated to create a crypto advisory council to advocate for the industry’s policy priorities, said the people who requested anonymity to discuss an executive order that is not yet public.
Trump has enjoyed strong support from the crypto industry, which has a powerful presence in Washington, backed by well-funded political action committees. A slew of companies, including Coinbase and Ripple, have donated to Trump’s inaugural committee in recent months. On Friday, days before the inauguration, the industry is hosting an “Inaugural Crypto Ball” in support of Trump.
Still under discussion for inclusion in the executive order is a directive for all government agencies to review policies about digital assets and possibly pause any litigation involving crypto, the people said. Stopping legal actions that have targeted a range of companies from Binance Holdings Ltd., the world’s biggest crypto exchange, to startup Ripple Labs Inc. is a top priority for the industry.
Also under consideration is the creation of a national Bitcoin stockpile, which would encompass the government’s existing holdings of the world’s biggest cryptocurrency, the people said. The US government currently holds nearly $20 billion worth of Bitcoin, confiscated as part of various investigations, according to analytics company Arkham. Bitcoin has rallied more than 50% since the November election in part on hopes that such a stockpile would be created. The token more than doubled in price in 2024. It was trading up almost 5% at $104,691 as of 11:20 a.m. Friday morning New York time.
The people cautioned that the executive order, which could come as soon as Monday, is not final and could change before it is made public. A representative for Trump did not immediately respond to a request to comment.
“What I think Donald Trump is going to do is signal that the United States is back and we are ready to lead in this industry,” said Kara Calvert, vice president for US policy at Coinbase Global Inc., the country’s biggest cryptocurrency exchange. “What it’s signaling to other countries is be careful, or you won’t keep up.”
On the back of this news, BlackRock is predicting another historic year for Bitcoin.
CNBC reported:
Bitcoin should rip higher under President-elect Donald Trump, according to BlackRock’s ETF chief.
Samara Cohen, the firm’s ETF and index instruments chief investment officer, thinks cryptocurrency deregulation will “absolutely” propel bitcoin to another historic year.
“There will be progress made on… FIT21 [“Financial Innovation and Technology for the 21st Century Act.] There will be progress made on stable coins. There will be progress made just on definitions in taxonomy,” she told CNBC’s “ETF Edge” this week.
Cohen is behind the firm’s iShares Bitcoin Trust (IBIT) – which is up 114% since its January 2024 debut and up almost 8% year to date. It comes as bitcoin briefly traded above $100,000 this week.
Despite the strong performance, she suggests cryptocurrency investors need an iron stomach.
“Bitcoin is a risky asset. So, 15% in the context of Bitcoin is not an enormous move. Investors should expect volatility,” said Cohen. “But in the long term, the price of bitcoin is really going to be determined by the level and pace of adoption.”
On Monday, BlackRock announced the official launch of its iShares Bitcoin ETF on CBOE Canada.
And, it’s not the only firm making an early year push deeper into cryptocurrency. Calamos Investments plans to launch its Bitcoin Structured Alt Protection ETF next Wednesday – two days after Trump’s inauguration. According to the press release, it’s the “world’s first 100% downside protected bitcoin ETF.”
AUTHOR COMMENTARY
As discussed in great detail in my essay and expose on tokenization last year, Bitcoin is being used as the ‘great enabler’ of sorts to bridge the United States and the world into cryptocurrencies and tokenized assets as new official means of exchange and “money.” That is where it is clearly headed.
Tokenization: The New World Order Monetary System To Digitize All Assets And Nature, Including You
Earlier this week, I reported how Biden quietly signed a bill that would allow for greater implementation of digital IDs; which are needed to properly facilitate CBDCs and tokenized assets. Without digital IDs, the broader, commercial and private acceptance of these new currencies cannot function properly.
SEE: Biden Signs ‘GSA Technology Accountability Act,’ Paving The Way For Digital ID Adoption
It’s a revolving door: one puppet administration sets in motion new legislation, and the next administration carries it over and expands it one way or another. It’s a revolving door. Faces change, the rhetoric is articulated differently, but the agenda is still ultimately unilateral.
Ecclesiastes 10:19 A feast is made for laughter, and wine maketh merry: but money answereth all things.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.
Thanks for sharing superb informations. Your website is very cool. I’m impressed by the details that you’ve on this site. It reveals how nicely you perceive this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found simply the info I already searched all over the place and simply could not come across. What a great site.
You can definitely see your enthusiasm within the work you write. The sector hopes for even more passionate writers like you who are not afraid to mention how they believe. At all times go after your heart. “He never is alone that is accompanied with noble thoughts.” by Fletcher.
It’s a shame you don’t have a donate button! I’d without a doubt donate to this outstanding blog! I suppose for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to brand new updates and will talk about this blog with my Facebook group. Chat soon!
Very interesting topic, thank you for putting up.
A lot of of the things you point out is astonishingly legitimate and it makes me wonder why I hadn’t looked at this in this light previously. Your piece truly did turn the light on for me personally as far as this specific topic goes. But there is actually just one point I am not too comfortable with and while I try to reconcile that with the core idea of your issue, permit me see what the rest of the subscribers have to point out.Very well done.
Pretty! This was a really wonderful post. Thank you for your provided information.
Do you mind if I quote a few of your posts as long as I provide credit and sources back to your website? My blog site is in the very same niche as yours and my users would definitely benefit from a lot of the information you provide here. Please let me know if this ok with you. Thanks!
I do not even know the way I finished up right here, however I assumed this put up was good. I do not understand who you might be however definitely you’re going to a famous blogger in case you are not already 😉 Cheers!
Thanks for another wonderful article. Where else may just anybody get that kind of info in such an ideal method of writing? I have a presentation subsequent week, and I am at the look for such info.
Thanks for the marvelous posting! I truly enjoyed reading it, you are a great author.I will make certain to bookmark your blog and will come back in the foreseeable future. I want to encourage yourself to continue your great job, have a nice morning!
Thanks, I’ve recently been looking for info about this subject for a long time and yours is the greatest I have discovered till now. However, what concerning the conclusion? Are you positive about the supply?
There is apparently a bundle to realize about this. I consider you made some good points in features also.
I always was interested in this topic and still am, thankyou for posting.
I’ve been exploring for a little for any high quality articles or blog posts on this sort of house . Exploring in Yahoo I at last stumbled upon this site. Reading this information So i’m happy to express that I’ve a very excellent uncanny feeling I came upon just what I needed. I so much indubitably will make sure to don’t disregard this website and give it a look on a continuing basis.
Great wordpress blog here.. It’s hard to find quality writing like yours these days. I really appreciate people like you! take care
Thank you for any other informative web site. The place else could I get that type of information written in such a perfect means? I’ve a mission that I’m simply now working on, and I’ve been on the look out for such info.
wonderful post.Never knew this, regards for letting me know.
Pretty section of content. I just stumbled upon your web site and in accession capital to assert that I get actually enjoyed account your blog posts. Anyway I’ll be subscribing to your augment and even I achievement you access consistently quickly.
We are a group of volunteers and starting a new scheme in our community. Your website offered us with valuable information to work on. You’ve done an impressive job and our entire community will be thankful to you.
Some really interesting details you have written.Helped me a lot, just what I was looking for : D.
Hello, Neat post. There’s a problem along with your website in web explorer, might test thisK IE nonetheless is the marketplace leader and a big component to people will pass over your excellent writing due to this problem.
It’s the cognitive dissonance of finding a joke more truthful than the evening bulletin. — Toni @ Bohiney.com
I really enjoy reading on this internet site, it holds superb content. “He who sees the truth, let him proclaim it, without asking who is for it or who is against it.” by Henry George.
I got what you mean , thankyou for putting up.Woh I am glad to find this website through google.
Hello there! I know this is somewhat off topic but I was wondering which blog platform are you using for this website? I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at alternatives for another platform. I would be fantastic if you could point me in the direction of a good platform.
Hi, I think your blog might be having browser compatibility issues. When I look at your website in Chrome, it looks fine but when opening in Internet Explorer, it has some overlapping. I just wanted to give you a quick heads up! Other then that, great blog!
I found your blog site on google and test a couple of of your early posts. Proceed to keep up the superb operate. I simply extra up your RSS feed to my MSN Information Reader. Seeking forward to studying extra from you later on!…
Precisely what I was looking for, regards for putting up.
Some times its a pain in the ass to read what blog owners wrote but this web site is real user genial! .
Hello my friend! I want to say that this article is awesome, nice written and include almost all vital infos. I would like to see more posts like this.
What i don’t understood is in truth how you are now not actually much more well-favored than you might be now. You’re very intelligent. You recognize thus significantly in the case of this matter, produced me for my part imagine it from a lot of varied angles. Its like women and men aren’t involved except it is something to accomplish with Girl gaga! Your personal stuffs outstanding. Always maintain it up!
There is apparently a lot to realize about this. I suppose you made certain nice points in features also.
I really like your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz reply as I’m looking to design my own blog and would like to find out where u got this from. thanks
The very root of your writing while appearing reasonable in the beginning, did not sit perfectly with me personally after some time. Someplace throughout the sentences you were able to make me a believer unfortunately only for a while. I however have got a problem with your jumps in assumptions and one would do nicely to fill in those gaps. In the event that you actually can accomplish that, I will surely end up being fascinated.
I truly enjoy reading through on this website, it has got great content. “Never fight an inanimate object.” by P. J. O’Rourke.
You really make it seem so easy with your presentation but I find this topic to be really something that I think I would never understand. It seems too complicated and extremely broad for me. I am looking forward for your next post, I’ll try to get the hang of it!
Hey! Someone in my Facebook group shared this website with us so I came to take a look. I’m definitely enjoying the information. I’m bookmarking and will be tweeting this to my followers! Excellent blog and excellent design.
Hello there, I found your website via Google while searching for a related topic, your site came up, it looks great. I’ve bookmarked it in my google bookmarks.
Outstanding post, you have pointed out some great details , I as well believe this s a very good website.
Thank you for sharing superb informations. Your site is very cool. I am impressed by the details that you have on this blog. It reveals how nicely you understand this subject. Bookmarked this website page, will come back for more articles. You, my friend, ROCK! I found simply the information I already searched everywhere and just could not come across. What a great site.
I¦ve recently started a web site, the info you provide on this website has helped me tremendously. Thank you for all of your time & work.
Great remarkable issues here. I?¦m very happy to look your post. Thank you so much and i am taking a look forward to touch you. Will you please drop me a e-mail?
Somebody essentially help to make seriously posts I would state. This is the very first time I frequented your web page and thus far? I surprised with the research you made to create this particular publish incredible. Fantastic job!
Awsome website! I am loving it!! Will be back later to read some more. I am bookmarking your feeds also
I’d have to examine with you here. Which is not one thing I usually do! I take pleasure in reading a post that may make folks think. Additionally, thanks for permitting me to comment!
It’s hard to find knowledgeable people on this topic, but you sound like you know what you’re talking about! Thanks
I conceive you have remarked some very interesting details , appreciate it for the post.
This is the right blog for anyone who wants to find out about this topic. You realize so much its almost hard to argue with you (not that I actually would want…HaHa). You definitely put a new spin on a topic thats been written about for years. Great stuff, just great!
I am often to blogging and i really appreciate your content. The article has really peaks my interest. I am going to bookmark your site and keep checking for new information.
Hiya, I’m really glad I have found this info. Nowadays bloggers publish only about gossips and internet and this is actually annoying. A good site with interesting content, this is what I need. Thank you for keeping this site, I will be visiting it. Do you do newsletters? Cant find it.