US Treasury on Blockchain Under Musk – Will $BEST Presale Soar?

Source Bitcoinist

Elon Musk was appointed to improve government efficiency. And he says he’s going to do it by putting the US treasury on the blockchain.

At least half of the US thinks this is a terrible idea – but for crypto adopters, it could be just the thing to propel the market to new heights.

Let’s see how Musk’s radical vision for the US treasury could cause the $BEST presale to soar in a potential bull run.

Blockchain the Treasury, Can It Be Done?

The US government budget for 2025 totalled roughly $1.5T, and virtually all of it runs through the US treasury.

If Elon Musk can find a way to put the entire treasury – all social security payments, federal employee wages, government aid, the whole thing – onto the blockchain, then the treasury would instantly possess the second-biggest ‘market cap’ in crypto. Only Bitcoin would be bigger.

It’s not an exact comparison, of course, but it shows just how seismic a shift this move represents.

From Musk’s standpoint, a public ledger would instantly remove a lot of the cloak-and-dagger aspects of the national budget and treasury. Payments could be tracked more easily, and transparency would instantly improve.

More importantly, crypto adoption would explode overnight. Over 3M people work for the US government – and all of them would be forced to use crypto.

Increased Adoption Sends $BEST Presale Sky-High

The more people who use crypto, the better for everyone in the crypto economy. Bitcoin will benefit, Musk’s beloved Dogecoin will too (possibly also sending new meme coins on a run), and upcoming projects with utility and potential could go sky high.

As increased crypto adoption pushes demand for crypto wallets, one of the fastest-growing crypto wallets, Best Wallet stands to benefit.

The Best Wallet ecosystem lets even beginner crypto users jump into using Best DEX (decentralized exchange) and Best Card, making crypto simpler than ever.

Our Best Wallet review found the app allows investors to follow select presales, purchase tokens, and claim them all within the Best Wallet app.

Now, the $BEST token supercharges Best Wallet’s already compelling benefits.

Best Wallet Token Benefits

$BEST holders also receive higher staking rewards for tokens held in Best Wallet, and reduced transaction fees.

The Best Wallet Token presale just passed the $9M mark; visit the $BEST presale page here to secure your tokens for $0.023875 before the next price increase.

Get Best Wallet, hold $BEST, earn rewards, and integrate seamlessly with the entire crypto economy – including, potentially, the US treasury itself.

Trump to Launch Next Crypto Boom?

Trump is making pro-crypto moves across the board.

While Musk talks about taking the treasury onto the blockchain, the Securities and Exchanges Commission is dialing back enforcement.

It all adds up to a potential crypto boom in the US, with adoption, development, and crypto-friendly initiatives all in overdrive.

Crypto presales like the $BEST token are poised to be in the right place at the right time for max gains. Do your own research, of course; none of this is financial advice, and the crypto market is always volatile.

That said, these are undeniably exciting times for crypto.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold hits fresh all-time highs, enters bull run with fifth consecutive day of gainsGold’s price (XAU/USD) has no limit and rallies for a fifth consecutive day in a row on Wednesday, accounting for more than 2% of gains this week and hitting fresh all-time highs near $2,870.
Author  FXStreet
6 hours ago
Gold’s price (XAU/USD) has no limit and rallies for a fifth consecutive day in a row on Wednesday, accounting for more than 2% of gains this week and hitting fresh all-time highs near $2,870.
placeholder
2 Popular AI Stocks to Sell Before They Fall 65% and 73%, According to Certain Wall Street AnalystsPalantir Technologies (NASDAQ: PLTR) and Tesla (NASDAQ: TSLA) were two of the most popular stocks among retail investors last year as measured by net inflows. But most Wall Street
Author  The Motley Fool
6 hours ago
Palantir Technologies (NASDAQ: PLTR) and Tesla (NASDAQ: TSLA) were two of the most popular stocks among retail investors last year as measured by net inflows. But most Wall Street
placeholder
Forex Today: US Dollar retreats, Gold renews record-high as markets await US dataHere is what you need to know on Wednesday, February 5: After weakening against its major rivals on improving risk mood and disappointing US data on Tuesday, the US Dollar (USD) struggles to hold its ground early Wednesday.
Author  FXStreet
8 hours ago
Here is what you need to know on Wednesday, February 5: After weakening against its major rivals on improving risk mood and disappointing US data on Tuesday, the US Dollar (USD) struggles to hold its ground early Wednesday.
placeholder
AMD Reports Record Q4 Revenue, Shares Plunge 9% on Data Center MissAMD, a global semiconductor giant, saw its stock price fluctuate dramatically after releasing its Q4 2024 earnings report, despite surpassing consensus estimates on both the top and bottom lines. The
Author  TradingKey
8 hours ago
AMD, a global semiconductor giant, saw its stock price fluctuate dramatically after releasing its Q4 2024 earnings report, despite surpassing consensus estimates on both the top and bottom lines. The
placeholder
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC, ETH and XRP still show signs of weaknessBitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Wednesday after failing to maintain their recoveries from the recent falls this week.
Author  FXStreet
11 hours ago
Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Wednesday after failing to maintain their recoveries from the recent falls this week.
goTop
quote