President-elect Donald Trump has named venture capitalist David Sacks as the incoming administration’s “AI and Crypto Czar,” a positive signal for crypto investors coming just after bitcoin (BTC-USD) reached $100,000 for the first time. Metafide CEO Frank Speiser joins Seana Smith and Madison Mills on Morning Brief to discuss his bitcoin outlook.
Trump tapping Sacks “signals a shift to being hospitable to crypto innovation,” Speiser says, adding, “[In regard to] the concept of [bitcoin’s] viability as an asset class, I think, [has] a full vote of confidence from the administration, something the founders [of] the industry have been looking forward to for a long time, and everybody I’ve talked to is super bullish almost unanimously.” Speiser projects bitcoin could climb as high as $300,000 by the end of 2025.
Watch the video above for more on Speiser’s long-term expectations for bitcoin and the general sentiment around the cryptocurrency.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Naomi Buchanan.
