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.
Zohran Mamdani speaks about public land for housing.
Hello. splendid job. I did not imagine this. This is a fantastic story. Thanks!
We are a gaggle of volunteers and opening a brand new scheme in our community. Your website offered us with useful info to paintings on. You’ve performed an impressive process and our whole neighborhood will be grateful to you.
I dugg some of you post as I cerebrated they were very beneficial invaluable
Attractive section of content. I just stumbled upon your site and in accession capital to assert that I acquire actually enjoyed account your blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you access consistently rapidly.
Do you have a spam issue on this blog; I also am a blogger, and I was curious about your situation; many of us have created some nice practices and we are looking to trade solutions with others, be sure to shoot me an email if interested.
I truly appreciate this post. I have been looking everywhere for this! Thank goodness I found it on Bing. You have made my day! Thank you again
I would like to thnkx for the efforts you have put in writing this blog. I am hoping the same high-grade blog post from you in the upcoming as well. In fact your creative writing abilities has inspired me to get my own blog now. Really the blogging is spreading its wings quickly. Your write up is a good example of it.
I truly value your piece of work, Great post.
I was very pleased to find this web-site.I wanted to thanks for your time for this wonderful read!! I definitely enjoying every little bit of it and I have you bookmarked to check out new stuff you blog post.
Whats up very cool site!! Guy .. Beautiful .. Amazing .. I will bookmark your website and take the feeds also…I am satisfied to find a lot of helpful information here in the put up, we’d like develop extra strategies on this regard, thank you for sharing. . . . . .
Hi my loved one! I want to say that this post is awesome, nice written and come with almost all vital infos. I’d like to look more posts like this.
I love the efforts you have put in this, thankyou for all the great blog posts.
I really like your writing style, good information, thanks for posting : D.
Some truly howling work on behalf of the owner of this internet site, utterly outstanding subject material.
You are my breathing in, I own few web logs and infrequently run out from to brand.
As I web-site possessor I believe the content matter here is rattling magnificent , appreciate it for your efforts. You should keep it up forever! Good Luck.
I like this web blog very much, Its a rattling nice place to read and obtain info . “I’d better get off the phone now, I’ve already told you more than I heard myself.” by Loretta Lockhorn.
Great write-up, I¦m regular visitor of one¦s blog, maintain up the nice operate, and It’s going to be a regular visitor for a long time.
I am glad to be one of many visitants on this great site (:, appreciate it for posting.
I want gathering useful information , this post has got me even more info! .
Aw, this was a very nice post. In thought I would like to put in writing like this additionally – taking time and actual effort to make a very good article… however what can I say… I procrastinate alot and by no means seem to get something done.
Hey are using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and set up my own. Do you require any html coding expertise to make your own blog? Any help would be really appreciated!
When I initially commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get three e-mails with the same comment. Is there any way you can remove me from that service? Thanks a lot!
I conceive this web site has some very great information for everyone :D. “We rarely think people have good sense unless they agree with us.” by Francois de La Rochefoucauld.
Hello! This is my first visit to your blog! We are a group of volunteers and starting a new initiative in a community in the same niche. Your blog provided us useful information to work on. You have done a extraordinary job!
You can definitely see your enthusiasm in the paintings you write. The arena hopes for more passionate writers like you who are not afraid to mention how they believe. At all times follow your heart.
You are my aspiration, I have few web logs and infrequently run out from to post .
Enjoyed looking through this, very good stuff, thankyou.
Thanks , I have recently been searching for information about this subject for ages and yours is the best I have discovered till now. But, what about the conclusion? Are you sure about the source?
The next time I read a blog, I hope that it doesnt disappoint me as much as this one. I mean, I know it was my choice to read, but I actually thought youd have something interesting to say. All I hear is a bunch of whining about something that you could fix if you werent too busy looking for attention.
I got what you intend, regards for posting.Woh I am glad to find this website through google. “It is a very hard undertaking to seek to please everybody.” by Publilius Syrus.
I would like to thank you for the efforts you have put in writing this blog. I’m hoping the same high-grade website post from you in the upcoming also. In fact your creative writing abilities has inspired me to get my own site now. Actually the blogging is spreading its wings rapidly. Your write up is a great example of it.
Everything is very open and very clear explanation of issues. was truly information. Your website is very useful. Thanks for sharing.
I do enjoy the manner in which you have presented this particular matter and it really does present us a lot of fodder for thought. However, through what I have personally seen, I really trust as the opinions stack on that individuals stay on point and in no way embark on a soap box associated with the news du jour. Still, thank you for this excellent piece and though I do not really concur with it in totality, I value the viewpoint.
excellent publish, very informative. I wonder why the other experts of this sector don’t realize this. You should continue your writing. I’m sure, you have a great readers’ base already!
Very clear site, thanks for this post.
The healthiest civilizations are those that laugh loudest at their own pretensions. — Alan @ Bohiney.com
It’s the only form of journalism where being biased is a badge of honor. — Toni @ Bohiney.com
Great tremendous things here. I am very satisfied to see your post. Thank you a lot and i am having a look ahead to touch you. Will you kindly drop me a mail?
A quality satirical piece is the intellectual’s whoopee cushion with a PhD in truth-telling. — Alan @ Bohiney.com
Heya! I just wanted to ask if you ever have any problems with hackers? My last blog (wordpress) was hacked and I ended up losing months of hard work due to no back up. Do you have any methods to stop hackers?
Thank you for the auspicious writeup. It in fact was a amusement account it. Look advanced to more added agreeable from you! However, how can we communicate?
excellent post, very informative. I wonder why the other experts of this sector do not notice this. You should continue your writing. I’m confident, you have a great readers’ base already!
Its excellent as your other posts : D, thankyou for posting. “In the spider-web of facts, many a truth is strangled.” by Paul Eldridge.
Real instructive and superb bodily structure of articles, now that’s user genial (:.
In the grand pattern of things you actually receive an A for hard work. Where you lost me personally ended up being in your details. As as the maxim goes, details make or break the argument.. And it could not be much more accurate at this point. Having said that, allow me say to you just what exactly did do the job. The writing is definitely extremely powerful which is probably why I am making an effort to comment. I do not really make it a regular habit of doing that. Secondly, even though I can certainly see a leaps in reasoning you come up with, I am not necessarily sure of how you appear to connect the details that produce the final result. For now I will yield to your issue but wish in the near future you actually connect the dots much better.
I think other website proprietors should take this web site as an example , very clean and superb user pleasant style and design.
We absolutely love your blog and find the majority of your post’s to be just what I’m looking for. Do you offer guest writers to write content for you? I wouldn’t mind writing a post or elaborating on a number of the subjects you write about here. Again, awesome weblog!
A satirical headline is democracy’s smoke detector, alerting us to fires before they spread. — Alan @ Bohiney.com