“Trump’s Pro-Crypto Stance Sparks Hope for Bitcoin: Key Appointments and Policy Implications”

On December 22, 2024, Trump announced his intention to appoint Stephen Miran, a pro-crypto senior strategist from Hudson Bay Capital Management, as Chair of the Council of Economic Advisers. This follows previous appointments of other crypto advocates, such as Paul Atkins for the SEC and David Sacks as the AI and crypto czar.

These appointments have been well-received within the cryptocurrency community, signaling a potential shift towards more crypto-friendly policies in the upcoming administration.

Bitcoin’s price has experienced fluctuations recently, with a 0.9% decline over the past 24 hours to $95,470 and a roughly 10% drop in the past week, influenced by the Federal Reserve’s hawkish outlook for 2025.

Despite this, Bitcoin remains up over 100% for the year, driven by the incoming administration’s pro-crypto stance.

For a comprehensive understanding of President-elect Trump’s views on Bitcoin, you may find his keynote speech at the Bitcoin 2024 Conference insightful.