- Anthony Pomliano appears on Fox Business to educate the masses.
- He talks about the serious potential for crypto in a Trump Presidency era.
- He also talks about the long-term effect of starting a US Strategic Bitcoin Reserve.
Bitcoin price has retraced slightly to the $102,000 price level taking the crypto sentiment down to the greed zone once again. The pioneer crypto asset fell from an extreme greed score with a score of 84 to a score of 75 according to the Crypto Fear & Greed Index. However, with BTC maintaining its 6-digit prices, expectations for greater highs are still bullish.
Crypto Possibilities in a Trump Presidency Era
A recent interview with Anthony Pompliano on Fox Business explores the possibilities for crypto in a pro-crypto Trump era. As we can see from the post above, Anthony is asked what would be the ideal way to regulate crypto. In response, he shares multiple options to accomplish this feat.
First, he says that the SEC has to place clear regulations. He reminds the audience that Bitcoin has already become mainstream and will continue to go upwards and begins to address the fact that there are plenty of other crypto assets in the market. Secondly, he highlights the Trump effect.
Thoughts on a US Strategic Bitcoin Reserve
Here, he highlights how Trump has more than 50% of his net worth in crypto showcasing how the President of the United States is paying attention to this sector. He says allowing banks to hold crypto assets will make it easier for the greater masses to access them. Then he mentions a US Strategic Bitcoin Reserve which will allow the government to buy and hold crypto.
Lastly, he mentions the need to change the tax treatment of these assets. When asked if he’s a fan of the Bitcoin Reserve, Anthony connects Bitcoin to gold. He mentions how holding gold has helped the country in the past and by holding Bitcoin now, it will do the same and help pave the country’s future.
