The popular digital currency Bitcoin is expected to break $100,000 as President-elect Donald Trump plans to establish a reserve dedicated to the cryptocurrency.
When Trump was on the campaign trail, he promised he would develop a council that would be friendly to Bitcoin.
"It's being fleshed out, but I anticipate the leading executives from America's bitcoin and crypto firms to be represented," said David Bailey, CEO of Bitcoin Magazine said, according to Reuters.
He also said people are ready to advise and give input as Bitcoin becomes more prevalent.
The incoming Trump administration is also reportedly looking for a crypto "czar" and is vetting candidates.
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justthenews.com
When Trump was on the campaign trail, he promised he would develop a council that would be friendly to Bitcoin.
"It's being fleshed out, but I anticipate the leading executives from America's bitcoin and crypto firms to be represented," said David Bailey, CEO of Bitcoin Magazine said, according to Reuters.
He also said people are ready to advise and give input as Bitcoin becomes more prevalent.
The incoming Trump administration is also reportedly looking for a crypto "czar" and is vetting candidates.
More
Trump expected to launch Bitcoin reserve, as the cryptocurrency nears $100,000,
When Trump was on the campaign trail, he promised he would develop a council that would be friendly to Bitcoin.

Banks and individuals can stop cc essentially instantaneously, and banks and credit card issuers can turn off individual, groups, or all cards instantaneously. If Visa, MC, etc. turn off/suspend all their cards, they can then require one verify proof of taking the mark much like people now prove identity by uploading ID and photo and/or biometric. Or go into the bank for verification. Once verified, that person's credit cards, debit cards, etc. could get turned back on. Even now, at some banks, one must have his or her debit card to deposit or withdraw funds in person. If not, there's a looooooooooooooong process to prove identity, PIN, authorized access, etc., and it's not done by the teller. It would be faster to go home and get the debit card than go through the whole rig-a-ma-role. And at least one bank branch charges a FEE 