The Daily Crypto’s Big Bet Is Paying Off
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Dec 19, 2024 
David Yaffe-Bellany, a technology reporter for The New York Times, dives into the explosive rise of cryptocurrency since Donald Trump's victory in 2024. He discusses Bitcoin's historic leap past $100,000 and the pivotal court case that opened doors for public investments. Yaffe-Bellany highlights the crypto industry's strategic political maneuvers, the growing pro-crypto sentiment among lawmakers, and how these shifts could reshape regulatory frameworks. He also touches on the implications of a potential national Bitcoin stockpile in an evolving economic landscape.
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Bitcoin Pizza
- Bitcoin's value skyrocketed from virtually nothing to over $100,000 in about 15 years.
- A man once traded 10,000 Bitcoins for two pizzas, an exchange now worth over $1 billion.
Court Case Impact
- Crypto's recent surge is partly due to a court case that allowed easier investment for ordinary people.
- This increased access brought new money into crypto, boosting prices.
Gensler's Regulation Efforts
- Gary Gensler, SEC Chair, aimed to regulate crypto like Wall Street.
- He sought to protect the wider economy from crypto's volatility through lawsuits.