President-elect Trump has appointed former Papal COO David Sachs to be his White House A.I. and Cryptoczar, signaling a shift in favor of the tech sector. The crypto world is feeling optimistic as Bitcoin prices hit $100,000 for the first time ever. Strategic Wealth Partner CEO Mark Temper discusses Trump’s choice of real-world people over academics for his administration, emphasizing his desire to make the US a leader in the crypto world. Sachs, a pro-crypto capitalist and early investor in AI, aligns with Trump’s goal of making the US the biggest crypto player globally.
Temper believes that regulatory clarity and legitimacy will lead to more crypto adoption, with Trump’s appointees working towards making crypto a legitimate currency. He acknowledges that some politicians view crypto as a threat due to criminal activities, but highlights the technology’s potential and bullish predictions for Bitcoin’s future value. Despite concerns about lack of control, the trend suggests that crypto will continue to rise in value under Trump’s administration.