Bitcoin suddenly skyrocketed towards a price of $100,000, contributing to the rally that saw Bitcoin rise by 50% last month. Sparked a shocking $30 trillion Bitcoin price prediction.

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Bitcoin price has increased steadily this year. A fleet of spot bitcoin exchange-traded funds (ETFs) is attacking Wall Streett, US President-elect Donald Trump’s interest and the Federal Reserve’s interest rate cut expectations—A senior Fed official recently announced a surprise bitcoin exchange.

Now, as traders bet Trump will ‘change the game’ for Bitcoin A leak has revealed that Trump may appoint the White House’s first “crypto czar.”

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Trump’s senior team is meeting with Bitcoin and crypto experts and industry executives to discuss creating a White House role dedicated to cryptocurrency policy, overseeing policy and regulations across the federal government. Bloomberg reportedquoting anonymous sources.

The appointment of a cryptocurrency czar in the White House would likely raise already sky-high expectations that Trump could create a US bitcoin strategic reserve that would enable him to fulfill promises he made at a bitcoin conference in July to make the US the “crypto capital of the planet.” “

Speculators on the crypto-backed Polymarket prediction platform now see the odds of Trump creating a bitcoin strategic reserve at more than 40%, with rates rising sharply following leaks of Trump’s cryptocurrency czar discussions.

Earlier this year, U.S. senator Cynthia Lummis (R-Wyo.) introduced the Bitcoin Act to Congress, calling for the creation of a strategic bitcoin reserve to reduce the spiraling U.S. national debt of almost $36 trillion by purchasing 1 million bitcoins within five years. found. .

Trump has surrounded himself with heavily pro-Bitcoin and crypto advisors through 2024, and some of his high-profile cabinet appointees are known to be Bitcoin and crypto supporters.

This week, Trump appointed Howard Lutnick as chief executive of Cantor Fitzgerald. Claiming to have “access to hundreds of millions of dollars in Bitcoin” to be its Trade secretary.

“Bitcoin, being rare and special, will become increasingly rarer, more valuable, and over time it will be financed just like gold (and) oil. Bitcoin will go much, much, much higher, sometimes lower; Tether’s $130 billion valuation through Cantor Fitzgerald.” “We have to have faith,” said Lutnick, the U.S. custodian of stablecoin USDT. he said earlier this month.

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Meanwhile, Robert F. Kennedy Jr., one of the first candidates to accept bitcoin for campaign donations in this year’s election, has been nominated by Trump to be the next U.S. Surgeon General.

“Bitcoin is the currency of freedom, a hedge against inflation for middle-class Americans, a remedy against the collapse of the dollar as the world reserve currency, and a solution to a devastating national debt.” RFK Jr. He recently shared a post on X.

Elsewhere, CEO David Bailey Bitcoin Magazine Publisher Bitcoin Inc and Trump’s bitcoin strategy adviser said he believes Trump may appoint senator Bill Hagerty, a bitcoin and crypto advocate, as treasury secretary.

“If that happens, back up the truck and dump everything you have into Bitcoin,” Bailey said. sent To X.