Donald Trump makes big on his promise of making the United States crypto capital of the world.
How?
Just this week, he has made two appointments that are crucial to the crypto industry
- David Sachs as the White House A.I and Crypt Czar
- Paul Atkins as SEC chair
Bitcoin has been making headlines again, with its price soaring past $100,000 and Ethereum reclaiming $4,000. As interest in cryptocurrencies grows, the appointment of David Sachs as the U.S. Administration’s crypto advisor has sparked discussions about the future of digital currencies.
David Sachs is a well-known figure in both traditional and crypto investing.
A former executive of Paypal, who has worked alongside Peter Thiel and Elon Musk. He has expressed his support for cryptocurrencies for years.
During various interviews, he mentioned how he bought Bitcoin back in 2012 and recognized its potential for becoming a legitimate asset class. Sachs emphasizes the importance of Bitcoin as a non-fiat currency, which is not controlled by any government.
He believes that the current financial system is at risk of inflation and currency debasement. Given that the U.S. debt is already over 130% of GDP, the temptation to print more money is significant. Bitcoin, in contrast, is limited to 21…
