CoinVoice recently learned that Ari Redbord, the legal and government affairs director of TRM Labs, stated that the enthusiasm for cryptocurrency in the U.S. during President Trump's term is akin to a space race.
In an interview with CNBC's Squawk Box, Redbord mentioned that 'people are policy' and emphasized that the cabinet members nominated by Trump so far support cryptocurrency, such as Paul Atkins being appointed as the new chairman of the U.S. SEC and David Sacks being appointed as the 'crypto czar.'
He added, 'This enthusiasm, I think, is a rhythm, almost a space race; the U.S. is now able to keep up with and even surpass other countries around the world.'
As Bitcoin once again broke the $100,000 mark on January 6, Redbord stated that positive policy shifts, such as establishing a strategic BTC reserve in the U.S., will foster value creation for the asset.
He also expressed excitement about the widespread use of blockchain technology in the U.S. and cited examples of fintech companies like Stripe using stablecoins for payments. Although investors view Bitcoin as a comprehensive store of value, Redbord stated that the expansion of blockchain applications in financial transactions will promote growth in the crypto industry.
Redbord did not share a specific price target for Bitcoin, but he stated that, driven by the push to establish a strategic Bitcoin reserve in the U.S., Bitcoin will 'rise significantly.' [Original link]
