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.
I’m impressed, I need to say. Really hardly ever do I encounter a blog that’s both educative and entertaining, and let me inform you, you might have hit the nail on the head. Your thought is outstanding; the problem is one thing that not sufficient persons are speaking intelligently about. I’m very joyful that I stumbled across this in my seek for one thing referring to this.
Pretty nice post. I just stumbled upon your blog and wished to say that I’ve really enjoyed browsing your blog posts. After all I will be subscribing to your rss feed and I hope you write again very soon!
Some really tremendous work on behalf of the owner of this web site, dead great written content.
Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!
I’m curious to find out what blog platform you have been using? I’m experiencing some small security problems with my latest website and I’d like to find something more secure. Do you have any recommendations?
I was very pleased to search out this web-site.I wished to thanks to your time for this glorious read!! I definitely having fun with each little little bit of it and I have you bookmarked to take a look at new stuff you weblog post.
Great beat ! I wish to apprentice while you amend your web site, how can i subscribe for a weblog web site? The account aided me a acceptable deal. I have been a little bit acquainted of this your broadcast offered brilliant transparent idea
This internet site is my intake, really great design and perfect written content.
Valuable info. Lucky me I found your website by accident, and I am shocked why this accident didn’t happened earlier! I bookmarked it.
This actually answered my downside, thank you!
Simply wanna comment on few general things, The website pattern is perfect, the articles is real good : D.
Its like you read my mind! You seem to know so much about this, like you wrote the book in it or something. I think that you can do with a few pics to drive the message home a bit, but instead of that, this is excellent blog. A fantastic read. I will certainly be back.
I have been checking out some of your posts and i must say nice stuff. I will surely bookmark your site.
Hiya, I am really glad I’ve found this info. Today bloggers publish just about gossips and web and this is actually frustrating. A good site with interesting content, this is what I need. Thank you for keeping this web site, I’ll be visiting it. Do you do newsletters? Can not find it.
I love it when people come together and share opinions, great blog, keep it up.
My spouse and i got quite contented when Raymond managed to round up his web research with the ideas he received through the web page. It’s not at all simplistic to just be freely giving guides that many some others have been trying to sell. So we know we need the blog owner to thank for that. Those explanations you’ve made, the easy website menu, the friendships your site make it possible to promote – it is mostly amazing, and it’s facilitating our son in addition to us recognize that this topic is fun, and that’s quite important. Thanks for the whole lot!
I view something really interesting about your site so I saved to favorites.
Hello there, simply was alert to your weblog via Google, and found that it’s truly informative. I’m gonna be careful for brussels. I will be grateful in case you proceed this in future. A lot of other people can be benefited out of your writing. Cheers!
Hi there! Someone in my Myspace group shared this site 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! Exceptional blog and brilliant design and style.
Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.
I’m not sure why but this weblog is loading very slow for me. Is anyone else having this issue or is it a issue on my end? I’ll check back later and see if the problem still exists.
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.
It¦s really a cool and helpful piece of info. I¦m glad that you shared this useful information with us. Please keep us up to date like this. Thanks for sharing.
Wow, amazing blog layout! How long have you been blogging for? you make blogging look easy. The overall look of your website is wonderful, let alone the content!
Good day very cool website!! Man .. Excellent .. Wonderful .. I will bookmark your web site and take the feeds additionally…I am glad to find a lot of helpful info right here in the submit, we’d like work out more techniques in this regard, thank you for sharing. . . . . .
Definitely, what a splendid blog and enlightening posts, I definitely will bookmark your site.Best Regards!
Hello there, You’ve done a fantastic job. I’ll definitely digg it and individually recommend to my friends. I am confident they’ll be benefited from this website.
F*ckin¦ remarkable things here. I¦m very happy to peer your post. Thank you a lot and i am having a look forward to contact you. Will you kindly drop me a e-mail?
You have brought up a very great points, regards for the post.
I loved as much as you’ll receive carried out right here. The sketch is attractive, your authored subject matter stylish. nonetheless, you command get got an nervousness over that you wish be delivering the following. unwell unquestionably come further formerly again as exactly the same nearly a lot often inside case you shield this hike.
I just wanted to construct a simple comment so as to express gratitude to you for those awesome tips you are showing on this website. My time consuming internet search has finally been honored with sensible points to go over with my companions. I would admit that we website visitors actually are unequivocally endowed to live in a magnificent community with many perfect professionals with valuable things. I feel somewhat blessed to have encountered your entire web page and look forward to some more thrilling minutes reading here. Thanks a lot once more for a lot of things.
It’s actually a cool and useful piece of info. I am glad that you shared this useful info with us. Please keep us up to date like this. Thanks for sharing.
Wow! This can be one particular of the most beneficial blogs We’ve ever arrive across on this subject. Basically Excellent. I’m also an expert in this topic therefore I can understand your hard work.
What i don’t realize is in reality how you’re not actually much more neatly-preferred than you may be now. You are so intelligent. You know therefore significantly in terms of this subject, made me individually believe it from so many varied angles. Its like women and men aren’t fascinated except it is one thing to accomplish with Woman gaga! Your individual stuffs excellent. All the time handle it up!
A powerful share, I simply given this onto a colleague who was doing a bit of evaluation on this. And he in truth purchased me breakfast as a result of I discovered it for him.. smile. So let me reword that: Thnx for the deal with! However yeah Thnkx for spending the time to debate this, I feel strongly about it and love reading more on this topic. If attainable, as you turn into expertise, would you mind updating your blog with extra particulars? It is highly helpful for me. Big thumb up for this weblog submit!
I have read some good stuff here. Certainly worth bookmarking for revisiting. I surprise how much effort you put to create such a fantastic informative website.
Valuable info. Lucky me I found your site by accident, and I am shocked why this accident did not happened earlier! I bookmarked it.
Super-Duper blog! I am loving it!! Will come back again. I am taking your feeds also.
I am glad to be a visitor of this everlasting weblog! , appreciate it for this rare info ! .
I’m curious to find out what blog platform you’re utilizing? I’m experiencing some minor security issues with my latest website and I’d like to find something more safe. Do you have any suggestions?
Heya i am for the first time here. I came across this board and I find It really useful & it helped me out a lot. I am hoping to present one thing back and help others such as you aided me.
Hi, Neat post. There is an issue along with your site in web explorer, would check this?K IE nonetheless is the marketplace chief and a big portion of other people will omit your great writing due to this problem.
Thank you, I have just been looking for info approximately this topic for a while and yours is the best I’ve found out so far. But, what in regards to the conclusion? Are you certain in regards to the supply?
I enjoy, lead to I found exactly what I used to be having a look for. You’ve ended my four day long hunt! God Bless you man. Have a nice day. Bye
You are a very bright person!
Enjoyed examining this, very good stuff, thanks.
What’s Happening i’m new to this, I stumbled upon this I have found It absolutely helpful and it has helped me out loads. I hope to contribute & aid other users like its aided me. Great job.
Lovely just what I was looking for.Thanks to the author for taking his clock time on this one.
Thank you, I’ve recently been searching for info about this subject for ages and yours is the greatest I have discovered till now. But, what about the bottom line? Are you sure about the source?
hi!,I like your writing very a lot! proportion we be in contact extra about your post on AOL? I need a specialist on this house to unravel my problem. May be that’s you! Taking a look ahead to peer you.