- Bitcoin critic Jamie Dimon is considered by Trump as Treasury Secretary
- Bank CEO is no longer against BTC, says Trump: “he’s changed his tune”
- Bitcoin prices stayed elevated on Thursday, floating near $65,000 a piece
Donald Trump to Tap Jamie Dimon as Treasury Secretary
Former President Donald Trump is not wasting his time, even as he survived an assassination attempt over the weekend. The 78-year-old Republican nominee for President came out with a bold statement that rattled crypto communities globally. He said that, if elected, he would tap JPMorgan chief executive Jamie Dimon to be the Secretary of Treasury.
“Jamie Dimon was, you know, very negative and now all of a sudden he’s changed his tune a little bit,” Trump told Bloomberg, citing that the bank CEO has warmed up toward the novel asset class of cryptocurrencies, and more precisely, Bitcoin. Previously, Dimon has been a vocal critic of the orange coin, saying that it doesn’t have any value and its purpose is to be sold to the next person for more than you paid for it. He even went further to call Bitcoin a “fraud” and a “ponzi scheme.”
Dimon to Have Warmed Up to Bitcoin
Now, however, according to Trump, Dimon could have changed his stance on Bitcoin. Whether this is true or not, it remains to be seen as Dimon has not made any official or public statements to admit or deny this statement.
Donald Trump, however, remains committed to Bitcoin’s bright future and has made it clear with recent speeches, comments, and online remarks. He has said that he wants all Bitcoin remaining to be mined to be created within US borders in an effort to consolidate the crypto industry on US soil.
Donald Trump Confirms Attendance at Bitcoin 2024
To elaborate and provide fresh clues into the crypto’s path, Donald Trump has confirmed his attendance at the Bitcoin conference slated for later in the month. In it, the former President is expected to lay out a potential regulatory framework over digital assets if he were to be elected President of the United States.
Moreover, his words are going to be closely examined in a bid to let traders know whether Trump plans to introduce any special taxation regime for crypto holders, traders and investors, especially around unrealized gains.
What’s the Price of Bitcoin Today?
WIth this said, the price of Bitcoin remained well-bid early on Thursday. One orange token was going for just under $65,000, fairly flat and unchanged from yesterday’s levels. Throughout the year, however, Bitcoin’s prices are higher. Since early January, when trading kicked off for the year, Bitcoin has added a substantial 47% to its price, raising its market value to more than $1.2 trillion.
In the process, a lot of positive developments arrived in the nascent crypto market space. For one, the arrival of the first spot Bitcoin exchange-traded funds swept Wall Street.
The US Securities and Exchange Commission gave its nod to a group of 11 investment vehicles holding actual Bitcoin. The move allows retail traders and big institutional investors alike to get a piece of Bitcoin and hold it right next to traditional assets, such as stocks, bonds, and currencies.
