Trump's Bold Crypto Move: Could Bitcoin Prices Skyrocket with New Treasury Leadership?

'Most Pro-Crypto Treasury We've Ever Seen'—Trump's Historic Move Could Spark Bitcoin And Crypto Price Boom

The recent appointment of Scott Bessent as the nominee for Treasury Secretary by President-elect Donald Trump has sent ripples through the crypto community. Known for his pro-crypto stance, Bessent's selection marks a significant shift from Janet Yellen's cautious approach under Biden's administration. As reported by Forbes, if confirmed, Bessent could bring regulatory clarity and policies favorable to integrating digital assets into mainstream finance. His history with blockchain investments signals confidence in its transformative potential.

Why the US Under Trump Might Start Amassing Bitcoin, and What That Means For Its Price

Markets Insider highlights Trump's proposal to create a national bitcoin reserve which has excited crypto enthusiasts about possible economic benefits. The plan suggests accumulating 1 million bitcoins over two decades to bolster financial stability against inflationary pressures on the dollar. However, experts like Ananya Kumar express skepticism regarding bitcoin as an effective hedge due to its volatility compared to traditional assets like gold.

Bitcoin Privacy At Risk? Could CARF Regulations Signal ChokePoint 3.0?

A new report from Forbes discusses concerns surrounding privacy risks posed by the OECD’s Cryptoasset Reporting Framework (CARF). This initiative aims at enhancing tax transparency but raises alarms about extensive data collection potentially leading to unwarranted investigations or breaches of personal security among crypto users globally.

Ethereum Killers Are Rallying: Is Ether (ETH) $4K Still in the Cards?

CryptoPotato reports that while Ethereum remains dominant in smart contract platforms, competitors such as Solana have shown impressive gains recently surpassing ETH’s growth rate during market rallies post-US elections. Despite this competition, analysts predict bullish trends for Ethereum driven by technological advancements and increased institutional interest supporting long-term value appreciation towards $6k levels within upcoming cycles.

NFTs Record $158M Weekly Sales Volume Led By Ethereum & Bitcoin

This week saw NFTs maintaining strong sales volumes despite slight declines according to Cointelegraph analysis; November already outpaced October figures indicating sustained momentum across markets led primarily via transactions conducted using both Ethereum ($49m) followed closely behind BTC networks contributing significantly to overall activity metrics observed throughout period reviewed here today!

Ethereal ETFs Bounce Back With $91 Million Inflows After Decline

An article from TronWeekly notes how BlackRock spearheaded renewed investor interest resulting in substantial inflows back into Ethereal Exchange Traded Funds following previous downturn phases experienced earlier this month, thus underscoring the growing demand amongst institutions seeking regulated exposure to these innovative asset classes now gaining traction in wider adoption circles worldwide alike!

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