Trump’s decision to pick a pro-crypto SEC chair is a game changer for the crypto world. For years, the SEC has been a major hurdle, blocking crypto ETFs and cracking down on ICOs, creating uncertainty for investors. But now, with a pro-crypto leader, crypto will gain clearer regulations and more legitimacy, which will encourage institutional investors to join the market. This shift could help reduce crypto’s volatility, making it a more stable investment and possibly pushing Bitcoin and other cryptocurrencies to new highs.
On the other hand, Putin’s comments about Russia’s interest in Bitcoin add a new layer of global significance. If Russia starts using Bitcoin to bypass Western sanctions, it will demonstrate Bitcoin’s real-world utility and its ability to function as a global alternative to fiat currencies. Putin’s endorsement could also position Bitcoin as a legitimate option for governments, which would significantly boost its value and wider acceptance.