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📅 July 3, 7:00 – July 9,
Trump is very concerned about Bitcoin, his aides: he hopes BTC can "break through $150,000" early in his tenure
According to Axios citing high-level sources in Trump's transition team, Trump is very following the price of BTC and hopes that BTC can rise above $150,000 in the early stages of his second term as president. (Background: Trump formally nominated Paul Atkins as the new chairman of the SEC, and his Cryptocurrency position? BTC impacts $99,000) Since Trump was elected as the new US president in early November, BTC has surged from about $68,000 to a historic peak of $104,088. Last week, when BTC broke through $100,000, Trump wrote in a post on Truth Social: "Congratulations BTC!!! 100,000 dollars!!! You're welcome!!!", obviously attributing the milestone of BTC breaking through $100,000 to himself. Axios reported yesterday (10th) that high-level sources in Trump's transition team revealed that Trump "will be very following the price of BTC" and hopes that BTC can reach $150,000 in the early stages of his second presidential term. At the time of writing, BTC is still hovering below $98,000, temporarily reporting $97,110, and rising 0.54% in the past 24 hours. Source: Trading View Trump regards Cryptocurrency as another stock market, and sources say Cryptocurrency is "another stock market" for Trump. During Trump's first term as president, he often said that the performance of the US stock market was an indicator of how well his government managed the national economy. Sources also said that Trump promised to create a "golden age of America" during his term, so anything that stimulates market indicators will attract him, including Cryptocurrency. Oil and gas, Financial Service, private prisons, and Cryptocurrency are all areas where investors are optimistic that the Trump administration will promote vigorous development. The report also pointed out that Trump plans to "promote Cryptocurrency-friendly regulation", and he has nominated Paul Atkins, a former member of the US Securities and Exchange Commission who has publicly supported the encryption industry in recent years, as the new chairman of the SEC. In addition, Trump, who will take office in January next year, will give Silicon Valley billionaires unprecedented federal power, and the entire government will be filled with tech-friendly officials and policies. Artificial intelligence (AI), Cryptocurrency, and rapid, breakthrough thinking will be at the core of the new Washington agenda. Last week, Trump also appointed David Sacks, a member of the "PayPal Mafia" who came from the venture capital industry, as the first White House AI and Cryptocurrency czar in US history, ambitiously hoping to make the US a "global leader" in both areas. Related reports: Bloomberg Research: Trump's inauguration in January may become a short-term high point for BTC, and can BTC's correlation with the stock market weaken and go independent? Trump 2.0 Cabinet forms Cryptocurrency national team? More than five are senior BTC players. Arthur Hayes' new perspective: Trump's rule will open up infinite QE, and BTC is expected to reach $1 million. Michael Saylor calls on the US to "dump all gold reserves": the government has the ability to buy 25% of the total BTC. "Trump is very following BTC, and his aide hopes that BTC will be able to" break through $150,000 "early in his term." This article was originally published on BlockTempo, the most influential blockchain news media in DQ."