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NullTx 2025-01-25 19:00:23

Crypto News: Donald Trump Vows to Make the US the “World Capital of AI and Crypto” at Davos

Crypto News: Donald Trump Vows to Make the US the “World Capital of AI and Crypto” at Davos

US President Donald Trump’s speech at the World Economic Forum in Davos marked a departure from past rhetoric. While discussions often centered on ESG mandates and central bank digital currencies (CBDCs), this year the spotlight shifted to emerging opportunities in AI, crypto, and energy-backed technologies. As Wall Street giants like BlackRock and Coinbase made bullish predictions for Bitcoin’s price and adoption, the crypto sector stood poised for a transformative era. While Bitcoin’s momentum dominates headlines, one potentially standout project could be PlutoChain . PlutoChain could expand Bitcoin’s capabilities with its Layer 2 solution potentially adding smart contracts to its secure network. A New Era For Crypto? President Trump’s statement marks a shift from the previous administration’s heavy-handed regulations and aligns with the evolving global sentiment toward cryptocurrencies and AI. He has delivered on one of his campaign promises and pardoned Ross Ulbricht, the Silk Road founder who had been serving a life sentence without parole. Prominent figures like BlackRock CEO Larry Fink are sure about BTC’s potential to reach $700,000. Blockstream also launched two Bitcoin-based investment funds, giving institutional investors the ability to earn yields on Bitcoin-backed loans and other revenue streams. Bitcoin is slowly being embraced as a legitimate financial asset. This shift signals that we are nearing the “then you win” stage in the famous progression from skepticism to adoption. BTC’s price is currently stuck in a consolidation phase, ranging between resistance near $106,000 and support around $92,000. With BTC crossing $ 106k, analysts from 10X Research and Material Indicators are optimistic about BTC reaching $122k next month . PlutoChain Could Expand Bitcoin’s Utility in Areas Such a DeFi and More Bitcoin’s utility beyond a store of value has remained limited and PlutoChain might change that. PlutoChain could bring smart contracts to Bitcoin, potentially increasing support for cutting-edge applications in AI, decentralized finance (DeFi) and NFTs. With PlutoChain, developers could now build Ethereum-level applications directly on Bitcoin. The result could enhance Bitcoin’s utility while potentially maintaining its security, decentralization, and global recognition. Final Thoughts PlutoChain could bridge the gap between Bitcoin’s unparalleled security and the modern functionality needed for AI, DeFi, and more. Bitcoin has long faced challenges with transaction speeds and costs, but PlutoChain’s Layer 2 solution could resolve these issues with lightning-fast settlements and low fees. ————- This article does not offer financial advice. Cryptocurrencies can be unpredictable and carry risks. It is important to conduct thorough research before acquiring any crypto asset. Forward-looking statements carry risks and are not guaranteed to be updated. Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .

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