Bitcoin Price Spike Drives New Interest in Sports, Crypto Partnerships

Among a near infinite number of interpretations and takeaways from last week’s U.S. election results, “the most important message,” Coinbase chief legal officer Paul Grewal told The New York Times, “is that crypto wins.”

President-elect Donald Trump has publicly supported digital currencies while incoming VP JD Vance owns more than $250,000 in Bitcoin, according to recent disclosures. 

In recent years, scandals have marked the public coverage of blockchain technology more than success stories. And yet, given incoming legislators, Crypto.com CEO Kris Marszalek said online that “the future of crypto has never looked brighter than today.” Bitcoin prices have rallied roughly 25% since Nov. 5, hitting multiple…

Source link