2024-12-26T09:14:32+0000

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. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance #trump #crypto #yahoofinance