According to The Shib Daily, President-elect Donald Trump is reportedly planning to make Bitcoin a central focus of his administration, with expectations of a potential price surge to $150,000 early in his term. Sources from the Trump transition team indicated that Trump views Bitcoin as akin to the stock market, aligning with his vision of the U.S. as a leader in emerging technologies. Trump expressed his enthusiasm for Bitcoin on Truth Social, celebrating its milestone of reaching $100,000. The administration aims to establish a legal framework for the cryptocurrency industry, with former PayPal executive David Sacks nominated as the AI and Crypto Czar. Former SEC Commissioner Paul Atkins is nominated as the new Chair, advocating for clearer crypto regulations. Trump's administration is expected to focus on sectors like cryptocurrencies to drive market growth.
Trump Eyes Bitcoin Surge to $150K, Plans Crypto Strategy
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