CHRISTO DE WIT: Crypto’s Trump card
From crypto critic to digital defender
The crypto market has continued to hit record highs since Donald Trump was elected 47th US president. On inauguration day, January 20, bitcoin topped R2m for the first time on Luno, just 11 months after it breached the R1m mark. With heightened market interest, bitcoin trading volumes exceeded $100bn globally for two consecutive days after the inauguration.
Within the first week, Trump signed an executive order that could allow the digital assets sector to move forward in the US with a more welcoming framework set by the White House. The order does not establish a strategic bitcoin reserve but directs the working group to “evaluate the potential creation and maintenance of a national digital asset stockpile”...
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