According to the Zhichuang Finance APP, San Francisco Federal Reserve President Daly stated that Cryptos should be viewed as an independent asset class, rather than being conflated with Gold as often seen.

Daly said: "It can be a currency. It might be a medium of exchange... It can be Stocks — a store of value or sometimes a depreciating asset. We just need to define these terms."

"So I don't think it is Gold," Daly added. "It sometimes has attributes like Gold, but I don't think so."

Daly's assessment differs slightly from that of Federal Reserve Chairman Powell, whose comments on Bitcoin earlier this month inspired the Cryptos Community.

Powell said: "People see Bitcoin as a speculative asset. It is like Gold, but it is virtual, it is digital. People are not treating it as a means of payment or a store of value. It is very volatile. It is not a competitor to the Dollar; it is a real competitor to Gold."

Daly agrees with Powell's view that Cryptos are not yet ready to be a currency, which makes sense at this point in their lifecycle, as some Cryptos bulls say.

Daly explained, "The attribute it needs is that it must grow with the economy." "So its value won't change just because people want it. Therefore, when more people want a dollar bill, the dollar bill does not appreciate. What causes the fluctuation of the dollar is the economy and our growth rate relative to other countries. Thus, to become a currency, it must perfect this attribute."

Although Cryptos seem to have a long way to go before being approved as currency by Congress, this has not stopped the momentum for various digital Assets Call Trades.

The most popular Crypto, Bitcoin, has shown strong performance since November 5, when Trump was elected, and it first broke the $0.1 million mark on December 4. Since election day, the price of Bitcoin has risen by 38% and has increased by 106% this year.

So far this year, Crypto-related Stocks such as Coinbase (COIN.US) and Robinhood (HOOD.US) have surged by 45% and 204%, respectively.

The resurgence of interest in the Crypto market is also reflected in the recent investments from some entities that typically prefer traditional Stocks and Bonds Options. In May of this year, a Retirement fund in Wisconsin purchased $0.16 billion shares of two new Funds approved by regulators earlier this year, thereby adding Bitcoin to its holdings.

MicroStrategy (MSTR.US) has also continued to aggressively buy Bitcoin in recent weeks.

The new government has appointed venture capitalist David Sacks as the Crypto Czar to oversee issues and initiatives related to Cryptos. One of these initiatives may be to create a Bitcoin reserve, which has been proposed by Trump supporters.

Benchmark Company Analyst Mark Palmer stated, "In fact, some are focusing on making the USA a leader in Cryptos, Bitcoin mining, and Other areas mentioned by President Trump, which is itself a huge change." "In our analysis, we assume that by the end of 2026, the price of Bitcoin will reach $225,000."

Palmer added, "We are seeing more and more Institutions start to adopt Bitcoin, which is key."