New Crypto Executive Order | Explained

"chances are whatever is going to be inside of it is going to be a very good thing for Bitcoin and the crypto markets"

"this executive order is going to ask agencies like the EPA the Environmental Protection Agency as well as the office of Science and Technology policy to closely look at bitcoin's Carbon emissions footprint and there's going to be a huge push for Bitcoin to become what's called ESG compliant"

"bitcoin's carbon emissions output which was 41 metrics tons of CO2 last year that was three times less than gold three times less than the traditional banking system 24 times less than air conditioners and a whopping 48 times less than the airline industry"

"it brings us one step closer to a spot ETF which is the ultimate Catalyst between Bitcoin being where it's currently priced and a hundred thousand dollars"

"the last part of the executive order will most likely look at the stable coin Market but most likely it's not going to commit to creating its own stable coin yet other than telling other committees to look at the finance subcommittees to look on the validity of the stablecoin committee to see if they want to commit basically it's a nothing Burger"

"in 2020 there were roughly 7.8 billion dollars worth of crypto that was stolen in 2021 just last year they scammed 14 billion dollars it's a growing industry"

"eventually we'll have another sector in the stock market called blockchain technology but that will take some time"