Paul Quickenden: Easy Crypto Chief Commercial Officer on the increased value of Bitcoin after Trump's victory

Donald Trump's US election victory has been a big factor in Bitcoin hitting record numbers. 

The cryptocurrency has hit US$100 thousand in value – the highest trading price in its history. 

Bitcoin has grown by 70% since the start of the year, buoyed by political campaigns and an increased confidence in digital assets. 

Easy Crypto chief commercial officer Paul Quickenden told Mike Hosking the rise has transcended geopolitics. 

He says Trump has openly said he wants the US to be the world's crypto-capital, and both the UK and China want to get involved. 

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Episode Transcript

Speaker 1 (00:00):
Crypto if you haven't followed as having a moment. Bitcoin
break through one hundred thousand dollars at the US this week.
A lot of the recent rally is off the back
of the Trump victory, of course, because he's pro crypto.
Bit Coins up one hundred and forty percent on the year.
Easy Crypto chief commercial officer Paul quickened in the ears. Well,
there's Paul, very good morning to you.

Speaker 2 (00:16):
Good morning, how are you.

Speaker 1 (00:17):
I'm very well and do you thank you? Have all
the others gone with bitcoin or is it highly variable?

Speaker 2 (00:23):
No, most of the older, more established coins are starting
to go as well, and there's been a couple of
real standouts that were really under the cosh from the
SEC who you know, they've done a big change of
political dynamic in the US and they've kind of been unleashed.
Let's just stay so no, not alone.

Speaker 1 (00:39):
How much is the Trump factor, Well.

Speaker 2 (00:43):
I think it's fair to say that it was a
political thing in the US for the election, and now
it's become jilliet geopolitical. He's openly said he wants the
US to become the crypto capital of the world. The
UK is going we want a piece of that action
in China and no surprises, changed its laws to all
our crypto as well. So it's becoming a much bigger
global phenomenon.

Speaker 1 (01:03):
Has it arrived as a result of all of this?
Is this the tipping point or not?

Speaker 2 (01:08):
Look, I would suggest that the tipping point was when
the ets were approved in January, you know, when black
Rock and Fidelity and the biggest asset images in the
world got the tip of approval finally, and then it's
simply just cascaded on from there.

Speaker 1 (01:22):
Okay, explain to us for people who don't follow it,
the crypto v digital currencies, the digital currencies that the
central banks are talking about.

Speaker 2 (01:31):
Yeah, so crypto is more open in free trading. It's
i'm a distributed network, which means that no one really
controls it. It's just software, whereas a central back digital
currency may or may not use the same sort of technology,
but it's controlled obviously by a central bank.

Speaker 1 (01:47):
Yeah, yeah, I get that. But does the central bank
kill crypto or damage crypto?

Speaker 2 (01:54):
Well, it's a great question. Lots of people are thinking
about it. I think they will coexist if they come
to the fore. Many countries are killing off the central
bank programs at the moment in the US is obviously
the four runners for that, but they're all kind of
asking why, and they can't really come up with a
good use case for why at the moment.

Speaker 1 (02:14):
What's the big deal for a person like you. Is
it the value of say bitcoin and we go whoo,
it's one hundred thousand, or is it the legitimacy that's
more important?

Speaker 2 (02:23):
Well, fantastic question. Look, our hundred k was kind of
a mythical number that was always set there, so for
people who've been in the industry a really long time,
it's a big, big thing. I think it's also, you know,
one of these real validation steps in the lifetime and
we'll look back on it and go that was the moment.
So like it's a bit of both. Mike, I think,

(02:45):
good stuff.

Speaker 1 (02:46):
You go, well, Ike, appreciate it very much. Paul Quickendon,
who's the Easy Crypto Chief Commercial Officer.

Speaker 2 (02:51):
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