Trump expected to launch Bitcoin reserve, as the cryptocurrency nears $100,000,

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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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.

justthenews.com

 

[mattfivefour]

I wish I'd bought it at 30 cents back in 2010. A single $100 purchase back then and I'd be a multi-millionaire today.

 

[1LoverofGod]

Trump’s former CFTC chair eyed for ‘crypto czar’ role
(One day ago)

"Crypto Dad" Chris Giancarlo has emerged as a leading contender to become the first-ever "crypto czar," a possible new administration position the Trump transition team is weighing to help foster growth in the $3 trillion digital asset market, FOX Business has learned.

Giancarlo, 65, is a lawyer and the former head of the Commodity Futures Trading Commission (CFTC) during President-elect Donald Trump's first term in the White House. He has been a key member of the new Trump transition team both before Nov. 5 and after Trump won a resounding victory over Vice President Kamala Harris on a platform that promised a more regulatory-friendly environment for crypto and the potentially revolutionary blockchain technology that facilitates transactions using digital assets.

Over the past few weeks, he has taken himself out of the running to head the CFTC and Securities and Exchange Commission (SEC) but has told top officials in the transition orbit that he is open to the crypto czar position. FOX Business has learned that Trump, after meeting with top crypto executives such as Coinbase's Brian Armstrong and Ripple’s Brad Garlinghouse, appears open to creating such a position, and Giancarlo, with his Washington, D.C., credentials and deep understanding of policy implementation, is currently a frontrunner for the job.

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MSN

From the post RE the candidate experience for crypto Zaar....

"the potentially revolutionary blockchain technology that facilitates transactions using digital assets."

What is Block Chain?

"Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved."

What Is Blockchain? | IBM

Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.

www.ibm.com

 

[Ghoti Ichthus]

From the post RE the candidate experience for crypto Zaar....

"the potentially revolutionary blockchain technology that facilitates transactions using digital assets."

What is Block Chain?

"Virtually anything of value can be tracked and traded on a blockchain network, reducing risk and cutting costs for all involved."

What Is Blockchain? | IBM

Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network.

www.ibm.com

But what cost privacy?
Human lives?
Freedom?

 

[Tall Timbers]

Thanks for posting this. I think a good tension to keep in mind that currently bitcoin is not centralized. And the FED is. For now. I should have bought bitcoin at $15k 2 years ago. Amazing times. Blessings.

Before it's over you'll probably be glad you didn't.

 

[TCC]

It seems Russia sees the power broking ability in Bitcoin too.

Putin's Bold Move: Bitcoin Now Legal Property in Russia!​

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