In an interview given to a prominent media house, Antony Pompliano, the founder and CEO of Professional Capital Management, expressed hope that Donald Trump, the new president-elect of the United States, would redefine how the country approaches the cryptocurrency market. He also made certain striking revelations. Let’s dive in to learn more. Read on!
Trump’s Bold Bitcoin Move
During the election campaign itself, Republican leader Donald Trump promised that he would establish a pro-crypto environment if elected. He made some aggressive statements against the Democratic party for the handling of the key issues faced by the crypto sector, especially criticising US SEC chairman Gary Gensler.
Highlighting Donald Trump’s love for Bitcoin, Pompliano portrayed him as a pro-Bitcoin president. He emphasised the promises made by Trump related to the protection of the rights of crypto investors, particularly Bitcoin investors.
Crypto markets are experiencing a dip today, driven by a mix of regulatory fears and market corrections. Read more here to find out why crypto is down today.
Creating a Bitcoin Reserve
There are rumours that Donald Trump has a plan to create a national Bitcoin reserve soon. Earlier, some close to Trump hinted at the possibility for the BTC reserve. Speaking about the rumoured plan for the reserve, Pompliano asserted that Trump would create the national Bitcoin reserve within 100 days.
BTC Growth Outpaces US National Debt
In August, the US government debt was 35.3M USD Million. By October, it reached a peak of 36M USD Million, marking a 1.98% growth compared to August. During the same period, the Bitcoin market climbed at least 7.58%. In the last 30-days alone, the market has seen a rise of over 35.4%. Since November 5, the day of the US presidential election, the market has displayed a surge of 27.51%.