On his second day back in office, President Donald Trump issued a full pardon to Ross Ulbricht, the founder of dark-web marketplace Silk Road. The move is part of a raft of promises Trump made to the cryptocurrency community while on the campaign trail. These included the creation of a strategic Bitcoin reserve and a promise to immediately fire Gary Gensler, the then chair of the Securities and Exchange Commission. Trump’s return to the White House coincides with a massive rally in cryptocurrencies. In December, Bitcoin crossed the $100,000 mark for the first time -- a significant milestone after 16 years of boom and bust. But for the average American, crypto still comes with plenty of risks.


Get the Bloomberg Crypto newsletter for the essential read on the crypto universe.
www.bloomberg.com/account/newsletters/crypto?utm_m…

00:00 Introduction
01:26 Bitcoin’s wild ride
03:11 Trump’s crypto flip-flop
05:15 NYC’s Bitcoin-themed bar
06:07 Trump’s promises
07:45 What’s next?

--------
Like this video? Subscribe: youtube.com/Bloomberg?sub_confirmation=1

Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: www.bloomberg.com/subscriptions?in_source=YoutubeO…

Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it.

Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.

Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.