Summary: As Trump promised with his pro-crypto nation policy, Us could be heading for a massive and drastic positive glow up in Defi. Several well known and knowledgeable analysts from Matrixport strongly believe that 2024 might not only be about Bitcoin potentially replacing gold and being “digital gold” but also the start of a full blown decentralized finance (DeFi) revival.
Trump’s Pro-Crypto Cabinet Takes Shape
Donald Trump’s picks for Treasury, Commerce, and possibly the SEC have crypto vibes written all over them. Howard Lutnick, tipped for Commerce Secretary, is a big stablecoin fan, while Scott Bessen, his likely Treasury Secretary, straight-up said, “crypto is about freedom.” Even Paul Atkins, a crypto-savvy lawyer and former SEC commissioner, is in the mix for SEC Chair. Together, these guys could flip the script on U.S. financial policy, putting blockchain tech and DeFi at the forefront.
YOU MIGHT ALSO LIKE: Ethereum Co-Founder Jeffrey Wilcke Cashes Out 20K ETH Amid Market Surge
DeFi Renaissance Incoming?
Matrixport analysts predict that 2024 could bring more than just Bitcoin hype; we’re talking a full-on DeFi revival. Traditional finance might start vibing with decentralized apps to make payments and transactions smoother. If the U.S. goes all in, it could pressure other countries to embrace crypto too. The analysts also hinted at a “Strategic Bitcoin Reserve” being on the table.
The Bigger Picture
Beyond regulations, this shift could digitize the U.S. financial system, making crypto apps the real MVPs of the economy. Bessen’s call for tighter budgets might even boost Bitcoin buying as a hedge against uncertainty. If this squad delivers, we’re looking at a serious crypto glow-up in the States.
YOU MIGHT ALSO LIKE: Crypto Milestone: Tornado Cash Sanctions Removed, Token Soars 430%