- White House official says Bitcoin and crypto are going to $20 trillion.
- This even could occur upon the passing of the Market Structure Bill.
- Jack Mallers says BTC could 200x if the total market cap could go to $400 – $500 trillion.
Executive Director of Digital Assets, Bo Hines, announced the market structure bill. If the bill passes, the crypto market could see a significant boost in prices, adoption, and innovation. Additionally, a while house official says that Bitcoin and crypto are going to $20 trillion once this bill passes, while another says that a $400 to $500 trillion market is also highly plausible, igniting a BTC price pump of 200x.
White House Official Says Bitcoin and Crypto Market to Hit $20 Trillion
Today, the Executive Director of Digital Assets, Bo Hines, thanks President Donald Trump and AI & Crypto Czar, Davic Sacks, for their continuous hard work towards elevating crypto assets and allowing innovation to flourish in the USA. To highlight, Hines says that the Trump administration, with his Digital Assets team, has been working together to fulfil the task of removing all the blue tape hindering digital assets from flourishing.
Hines said that this industry was being kicked down over the last decade and a half, and especially so during Biden’s administration. In fact, he states that Biden’s reign was focused on hindering digital asset companies from tampering with traditional financial entities, and that Trump and his administrations have been working steadily to rectify this issue to provide true transparency and cost-efficient transactions to the American people.
Presently, Trump’s administration is working to get a new Market Structure Bill passed. This is the third tier of the Digital Assets team. The first being demolitions of Biden’s old-world regulations hindering digital asset growth, and the second being construction, a phase of setting regulations that foster innovation and elevate non-ellicit financial workings in a stronger digital age.
To highlight, the bill will ensure the setting up of a stablecoin framework to usher in a golden age of crypto and position America as the leader. It will also work to modernize bank regulation, strengthen the role of the US Dollar, combat illicit finance in the digital age, and bring fairness and predictability in taxation. Additionally, it will secure the US Dollar’s global dominance for decades to come.
Trump Administration’s Market Structure Bill in Play
As we can see from the post above, the Market Structure Bill is expected to send the Bitcoin and crypto markets to a $20 trillion market cap, meaning exponential price pumps for crypto assets in the coming days. In particular, Jack Mallers, a reputed face in the crypto sphere, says that Bitcoin (BTC) is going after a $400 – $500 trillion market, meaning the price of BTC could pull a 200x from here, as the total crypto market cap at the moment is only $2 trillion.
