According to Ari Redbord, head of legal and government affairs at TRM Labs, the cryptocurrency boom under a Donald Trump presidency will likely resemble a space race. He explained to CryptoSlate: "Our analysis of the crypto positions of Trump’s cabinet nominees suggests the U.S. will be well-positioned to keep pace with, or even leapfrog, the rest of the world. This resembles the space race. Positive policy changes like the U.S. embracing Bitcoin as a strategic asset will promote value creation in the asset class. Increased adoption of blockchain technology in financial services will also serve to support growth in the crypto industry." Redbord also predicted that the “price of Bitcoin will go up substantially,” although he did not provide a specific price target.

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