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Donald Trump is building his new management team as he prepares to take the presidency. In a statement on 22 December, he nominated economist Stephen Miran for the chairmanship of the Council of Economic Advisers. This move resonated widely, especially in the cryptocurrency sector, and was welcomed by many names in the industry.
Miran served as senior economic advisor to the US Treasury Department during Trump’s first presidential term. In a podcast he recently participated in, Miran emphasised that ‘Bitcoin and cryptocurrencies can be one of the cornerstones of innovation’:
‘Financial deregulation will revitalise the economy. Crypto can be a powerful tool to spur innovation and kickstart the next Trump economic boom.’
The crypto community interpreted Miran’s appointment to this position as ‘a harbinger of a pro-crypto future’.
Can Bitcoin Become a Strategic Reserve?
The Trump administration’s pro-crypto policies have raised the possibility that Bitcoin could be used as a strategic reserve. According to analysts, such a step could push Bitcoin prices to incredible levels.
Ark Invest CEO Cathie Wood predicts that depending on these policies, the price of Bitcoin could reach $ 1 million by 2030. Trump’s son Eric Trump made a similar prediction, stating that Bitcoin’s value will increase exponentially in the long run due to the supply limitation.
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