Schwab Network Borsai: Crypto Innovation Will Stay in U.S. with Friendly Admin
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May 8, 2025 Les Borsai, co-founder of Wave Digital Assets, works at the intersection of cryptocurrency and government. He discusses Bitcoin's recent surge around the $100K mark and the acceleration of crypto innovation in the U.S. under the current administration. Borsai expresses optimism about Bitcoin’s future, attributing its potential to scarcity and growing institutional interest. He compares Bitcoin to Ethereum, and addresses the importance of navigating security concerns and evolving financial products in the cryptocurrency space.
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Bitcoin Price Surge Factors
- Bitcoin's recent 30% price surge stems from multiple regulatory and market factors.
- State-level crypto reserve approvals and ETF market growth drive positive momentum.
Wave Digital Assets' Unique Role
- Wave Digital Assets combines treasury management with government education and victim restitution.
- The firm innovates around crypto reserves focusing on liquidity products.
Crypto-Friendly Government Moves Fast
- The current administration moves rapidly and knowledgeably on crypto issues.
- Regulatory easing and positive agency appointments signal serious institutional embrace.