Ari Redbord, Head of Legal and Government Affairs at TRM Labs, stated that the enthusiasm for cryptocurrency in the U.S. during President Trump's term was similar to the space race.
In an interview with CNBC's Squawk Box, Redbord mentioned that 'people are policy' and emphasized that all of the cabinet members nominated by Trump to date 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 believe, is a rhythm, almost a space race; the U.S. is now able to keep pace with and even surpass other countries around the world.'

With Bitcoin breaking the $100,000 mark again on January 6, Redbord stated that positive policy shifts, such as establishing a strategic BTC reserve in the U.S., will drive value creation for this 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 noted that the expansion of blockchain applications in financial transactions will foster growth in the crypto industry.
Redbord did not share specific price targets for Bitcoin, but he stated that under the push for establishing a strategic Bitcoin reserve in the U.S., Bitcoin will 'rise significantly.'