Robinhood CEO predicts bitcoin boom under a pro-cryptocurrency Trump administration.
Robinhood CEO Vlad Tenev recently gave his opinion on bitcoin's rise to $90000 and the impact of US President-elect Donald Trump on that rise.
Mr. Tenev believes that #cryptocurrencies are expected to be treated more favorably under Trump and that the industry can thrive.
In a recent interview, Tenev called the rise of #bitcoin a Trump pump, suggesting that there is growing optimism that Trump will treat cryptocurrencies favorably. Trump has pledged to make the U. S. a global center for crypto innovation, which Tenev believes could boost the sector. In the past week, the price of bitcoin has risen more than 24%, and Tenev attributes this growth in part to Trump's support for cryptocurrencies.
Tenev criticizes the SEC's previous regulatory approach, which he says has stifled the growth of cryptocurrencies in the U. S. and forced companies to go overseas. He believes that the Trump administration can clarify regulatory rules with new legislation, especially since Republicans control both the executive and legislative branches of government.
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