Gary Gensler, nominated to lead the SEC by Joe Biden, would become the most pro crypto SEC chair
We are optimistic on bitcoin’s prospects under Gary Gensler, the former Commodity Futures Trading Commission head and MIT digital currency professor who has been nominated to lead the SEC by President Joe Biden.
Gensler, who would undoubtedly become the most crypto knowledgeable SEC chair if confirmed, has nonetheless described himself as “a little bit center minimalist on bitcoin.” He is more of a “center maximalist” about blockchain technologies and smart contracts, however.
One of BrozBot traders also featured some bold projections about bitcoin’s price potential should institutional and corporate adoption trends continue.
If every S&P 500 company invested 1% of its assets in bitcoin the price would increase by $40,000.
Institutional allocations between 2.5% and 6.5% could impact bitcoin’s price by $200,000 to $500,000.
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