30s Summary

President-elect Trump has chosen economist Stephen Miran as head of the Council of Economic Advisors. Previously serving in the Treasury Department, Miran promotes financial deregulation and cryptocurrency as drivers of economic growth. His appointment has been welcomed by the cryptocurrency industry. Trump has also been nominating other pro-crypto individuals like Paul Atkins for chairman of the SEC, and David Sacks as policy advisor for AI and digital assets. With this pro-crypto approach, experts predict a significant surge in Bitcoin’s price, possibly reaching a million dollars by 2030.

Full Article

Soon-to-be President Trump has picked economist and past consultant Stephen Miran to head the Council of Economic Advisors, whose job is to give advice about economic policy and strategy to the Presidential team.

Before this, Miran was a big shot at the US Treasury Department during the first Trump administration, dishing out advice on economic policy. On a recent episode of “The Bitcoin Layer” podcast, Miran suggested that the US should be all about encouraging innovation. He told the host of the show that financial deregulation and cryptocurrency could be key players in driving economic growth during Trump’s next term in office.

A lot of people in the crypto industry are stoked about Miran’s nomination because they see it as a sign of good things to come. They’re hopeful that Trump will keep adding more people who are pro-crypto and pro-innovation to his team.

In his second term, Trump has been nominating people who are all for crypto. On December 4, 2024, Trump nominated Paul Atkins to take Gary Gensler’s place as chairman of the Securities and Exchange Commission (SEC). Atkins got the nod because of his previous experience as a SEC Commissioner and his understanding about digital assets from his time as co-chairman at the Digital Chamber’s Token Alliance.

Then, on December 6, Trump picked David Sacks to be his lead policy advisor for artificial intelligence and digital assets. Sacks is a big pro-crypto guy, who was once a top executive at PayPal. Sacks once suggested on Anthony Pompliano’s podcast that Bitcoin could be a game-changer due to its unbiased, decentralized nature.

With Trump’s pro-crypto team and the possibility of a Bitcoin strategic reserve coming to life, experts are predicting that the price of Bitcoin could shoot up to 7 figures. Cathie Wood, founder of asset manager Ark Invest, even predicted that Bitcoin could hit a whopping $1 million by 2030, mainly because of the pro-crypto leanings of the next Trump administration.

Even Eric Trump, Trump’s son, thinks the price of Bitcoin could skyrocket to $1 million per coin, simply because of supply scarcity.