People are policy, and Trump surrounds himself with an orange-pilled group. VP-elect JD Vance owns Bitcoin, and has a long track of engagement with crypto, even authoring a market structure bill as a senator. Vivek Ramaswamy, the new co-lead of the Department of Government Efficiency (DOGE), has been a crypto bull for some time. Trump’s transition team co-chair Howard Lutnick is a bitcoin and stablecoin megabull (his company Cantor Fitzgerald custodies for Tether). Musk himself, who is becoming a right-side Soros of sorts, has dabbled in crypto for years.
Bank Clients Just Dipped Their Toes Into Bitcoin (BTC) ETFs, but Q4 Could See a FOMO Spike
Other top-tier banks/wealth management operations, including Morgan Stanley, Cantor Fitzgerald, Royal Bank of Canada, Bank of America, UBS and HSBC,...