This rally feels different from the regular boom-and-bust cycles that defined cryptocurrency’s teenage years. For the first time, the US will have a president who’s directly endorsed cryptocurrencies—and even introduced his own token. Trump is already lining up crypto believers to take key spots in government. Because his campaign promises at the annual Bitcoin Conference in July included establishing a “strategic national Bitcoin stockpile,” analysts are seriously discussing whether the country might do it.
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This rally feels different from the regular boom-and-bust cycles that defined cryptocurrency’s teenage years. For the first time, the US will have a president who’s directly endorsed cryptocurrencies—and even introduced his own token. Trump is already lining up crypto believers to take key spots in government. Because his campaign promises at the annual Bitcoin Conference in July included establishing a “strategic national Bitcoin stockpile,” analysts are seriously discussing whether the country might do it.