Rafael Nam
👤 PersonAppearances Over Time
Podcast Appearances
Good morning, Michelle.
Good morning, Michelle.
Good morning, Michelle.
It's really this excitement of what Trump could mean for cryptocurrencies. He has promised to make the U.S. the crypto capital of the planet. And he's promised to nominate regulators who are friendly to the industry. So a very different approach from the Biden administration. David Sachs, like you just mentioned, Michelle, for example.
It's really this excitement of what Trump could mean for cryptocurrencies. He has promised to make the U.S. the crypto capital of the planet. And he's promised to nominate regulators who are friendly to the industry. So a very different approach from the Biden administration. David Sachs, like you just mentioned, Michelle, for example.
It's really this excitement of what Trump could mean for cryptocurrencies. He has promised to make the U.S. the crypto capital of the planet. And he's promised to nominate regulators who are friendly to the industry. So a very different approach from the Biden administration. David Sachs, like you just mentioned, Michelle, for example.
He was a top executive at PayPal and is known to be close with Elon Musk. And now he's expected to be part of that friendlier approach to crypto. And earlier this week, Trump nominated a former financial regulator, Paul Atkins, as the new chair of the Securities and Exchange Commission. Atkins is also a public advocate of cryptocurrencies, and he's in line now to become the next Wall Street cop.
He was a top executive at PayPal and is known to be close with Elon Musk. And now he's expected to be part of that friendlier approach to crypto. And earlier this week, Trump nominated a former financial regulator, Paul Atkins, as the new chair of the Securities and Exchange Commission. Atkins is also a public advocate of cryptocurrencies, and he's in line now to become the next Wall Street cop.
He was a top executive at PayPal and is known to be close with Elon Musk. And now he's expected to be part of that friendlier approach to crypto. And earlier this week, Trump nominated a former financial regulator, Paul Atkins, as the new chair of the Securities and Exchange Commission. Atkins is also a public advocate of cryptocurrencies, and he's in line now to become the next Wall Street cop.
Well, that's certainly the hope for crypto investors. And it's kind of incredible because let's remember here the history of Bitcoin and what it actually is. It's only over 15 years old, and it's basically a digital currency made up of computer coding. It was created by somebody or maybe a group of people going by the name of Satoshi Nakamoto. And to this day, we don't know who Satoshi is.
Well, that's certainly the hope for crypto investors. And it's kind of incredible because let's remember here the history of Bitcoin and what it actually is. It's only over 15 years old, and it's basically a digital currency made up of computer coding. It was created by somebody or maybe a group of people going by the name of Satoshi Nakamoto. And to this day, we don't know who Satoshi is.
Well, that's certainly the hope for crypto investors. And it's kind of incredible because let's remember here the history of Bitcoin and what it actually is. It's only over 15 years old, and it's basically a digital currency made up of computer coding. It was created by somebody or maybe a group of people going by the name of Satoshi Nakamoto. And to this day, we don't know who Satoshi is.
Bitcoin was created around the global financial crisis, and Satoshi's idea was to create a currency for the people, a currency that's not controlled by one country or one central bank. That's not how it's turned out. You can't really use Bitcoin today to go buy a cup of coffee, for example. So what do people use it for? Well, Bitcoin may have been intended as a currency.
Bitcoin was created around the global financial crisis, and Satoshi's idea was to create a currency for the people, a currency that's not controlled by one country or one central bank. That's not how it's turned out. You can't really use Bitcoin today to go buy a cup of coffee, for example. So what do people use it for? Well, Bitcoin may have been intended as a currency.
Bitcoin was created around the global financial crisis, and Satoshi's idea was to create a currency for the people, a currency that's not controlled by one country or one central bank. That's not how it's turned out. You can't really use Bitcoin today to go buy a cup of coffee, for example. So what do people use it for? Well, Bitcoin may have been intended as a currency.
And yes, there are some businesses and even some cities like Detroit that are starting to accept cryptocurrencies. But really, it's become a speculative investment for people on Wall Street and for average people too. A way to make money, essentially. The thing is, cryptocurrencies are incredibly volatile, and they've created a lot of financial pain.
And yes, there are some businesses and even some cities like Detroit that are starting to accept cryptocurrencies. But really, it's become a speculative investment for people on Wall Street and for average people too. A way to make money, essentially. The thing is, cryptocurrencies are incredibly volatile, and they've created a lot of financial pain.
And yes, there are some businesses and even some cities like Detroit that are starting to accept cryptocurrencies. But really, it's become a speculative investment for people on Wall Street and for average people too. A way to make money, essentially. The thing is, cryptocurrencies are incredibly volatile, and they've created a lot of financial pain.
So critics like Dennis Kelleher from advocacy group Better Markets are concerned that this latest rally could end really badly.
So critics like Dennis Kelleher from advocacy group Better Markets are concerned that this latest rally could end really badly.