Why Trump is 'very aligned' with the bitcoin industry: Expert

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David Bailey News

Donald Trump,Bitcoin Mining,German Government

While bitcoin (BTC-USD) has seen a fall in trading recently, bitcoin ETFs have seen their first rise in inflows in weeks, according to Bloomberg data. Part...

) has seen a fall in trading recently, bitcoin ETFs have seen their first rise in inflows in weeks, according to Bloomberg data. Part of bitcoin's decline is due to the fallout from the Mt. Gox bankruptcy claims and the German government's recent dumping of bitcoins from its holdings.

You know, I think there's probably two major catalysts that are driving the Bitcoin action right now.Um historically, every Bitcoin housing has caused a supply shock with Bitcoin. So uh I think that there's a lot of positive developments to come on the, on the political and geopolitical side that are really kind of brand new catalysts for our industry.David, because mine are saying is you actually met uh former president uh Trump.

And so uh when I, when I look at Bitcoin, I I make the case the of Bitcoin as, as kind of the primary asset of a of a future monetary system.It's like what is one Bitcoin theoretically worth if Bitcoin fulfills its potential as, as you know, the the the new monetary system, David, it was great to have you on the show.

 

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