Trump elevates his crypto playbook with the appointment of David Sacks as the “White House AI and Crypto Czar”. The president-elect wrote on the appointment: “He will work on a legal framework so the Crypto industry has the clarity it has been asking for and can thrive in the U.S. David will also lead the Presidential Council of Advisors for Science and Technology…” Also, a crypto advocate, Paul Atkins, has been nominated to lead the US Securities & Exchange Commission (SEC).
The appointment of David Sacks as the “White House AI and Crypto Czar” by President-elect Donald Trump is seen as a significant move towards a more crypto-friendly regulatory environment in the U.S. “I am pleased to announce that David O. Sacks will be the “White House A.I. & Crypto Czar.”
Sacks is expected to work on creating a legal framework that provides clarity for the crypto industry, which has been a long-standing demand from the sector. “He will work on a legal framework so the Crypto industry has the clarity it has been asking for and can thrive in the U.S. David will also lead the Presidential Council of Advisors for Science and Technology…” Trump wrote.
This appointment, along with the nomination of Paul Atkins, a known crypto advocate, to lead the SEC, signals a shift towards more supportive policies for cryptocurrencies. The aim is to make the U.S. a leader in both AI and crypto technologies, ensuring that these industries can thrive with clear and favorable regulations.
Simply, there is a huge convergence here with many nice things happening for the crypto industry. Now the concern: is there a chance that the exuberance will break the market, triggering an economic collapse because everyone will be buying crypto, and no one will give companies money to build products and services which fix frictions in communities?
Simply, these things may not turn out well. Remember 2007 and 2008 when everyone in Nigeria was a stock trader, and how it ended. Extrapolate that to Americas and the world. My message is clear: shine your eyes! I am calling a market crash by Q2 2026, mainly by looking at how humans pursued stocks in 2007 and ended us burnt. Crypto will drive this upcoming episode, not because crypto is defective, but rather, the greed to win via crypto will starve capital on productive systems that will trigger a massive economic disequilibrium.
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Think of it: I have bought my coin and I can vacation while it grows. You do yours and go on tours expecting the bull to continue. Your neighbour does. Companies close plants, cash out and inject into cryptos. Over time, inflation will hit because no one is focusing on making anything. It does not read right….but wait until BTC hits $150k!
As Trump Chooses David Sack and Paul Atkins as Crypto Czar and SEC Chair, A New Era Begins
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We are racing to make money to be the end in itself, rather than a tool or a means to pursue a meaningful end. The outcome of the forthcoming malady is certain – a collapse. It’s a cycle, and it’s impossible to keep going up and up. When everyone is making and growing money but no water for drinking, because those who make water for drinking no longer find it profitable, then we will be back to some uncomfortable lack.
To allow exchange rate for any currency at all to vary significantly is also a scam, because it undermines commitment to productive endeavours. How do you get humans to lower their propensity to greed? When it works to your advantage, you promote and advocate, without ever thinking through the long-term consequences. Humans are fundamentally and eternally flawed.
What can guarantee universal happiness – plenty money in the hands of everyone? If humans don’t disappoint you, nothing else will. On the surface, we think we have made substantial progress in our evolution, but look deeper, nothing much has changed, instead we are in a hurry to destroy everything. The chaos is about to multiply. Those hoping on great and messianic leaders will remain thoroughly disappointed, because none exists.
Rigged world.