As Bitcoin continues to attract growing interest from retail and institutional investors, the cryptocurrency is showing signs of continued momentum as we enter the new year.
Kristin Smith, CEO of the Blockchain Association, recently spoke about the increasing demand for Bitcoin, highlighting its increasingly important role in the global economy.
People are holding more Bitcoin, says Smith
In an appearance on CNBC’s “Squawk Box” on Dec. 26, Smith emphasized that people want to hold more Bitcoin by 2025, citing a shift in attitudes toward the cryptocurrency. “People want to hold more Bitcoin, not less,” she explained. “The change in leadership, particularly with President-elect Donald Trump, has given many in the crypto community a new sense of optimism.”
Source: X
Smith’s comments follow Bitcoin’s recent price surge, which hit an all-time high of $108,000 in early December. She suggested that such market trends, coupled with the potential for Bitcoin reserves, could signal a bright future for the cryptocurrency.
A Pro-Bitcoin Shift in US Politics
Smith also noted the potential impact of Trump’s presidency on the cryptocurrency space. As he prepares to take office, Trump has made it clear that he intends to create a more crypto-friendly regulatory environment. “To have a president who says, ‘Hey, we want the United States to be the capital of this industry; “‘We want to fight for you’ makes a huge difference,” Smith said. This shift could encourage more investors to hold Bitcoin, she suggested, especially in the face of a government seen as more…
