Former SEC boss made AI Czar, Bitcoin may hit $600K this cycle: Hodler’s Digest
Roman Storm and the XRP army aren’t happy former SEC boss Jay Clayton is Trump’s new AI czar, Peter Brandt flips bullish and says Bitcoin may reach as high as $600K by 2029.
Asanat Analysis — Why it matters
Jay Clayton's appointment as AI Czar signals potential regulatory continuity for crypto under Trump 2.0, though his SEC tenure (2017-2021) was marked by aggressive enforcement against exchanges and token projects. The XRP community's historical grievance stems from the SEC's 2020 lawsuit against Ripple Labs—Clayton signed off on that case days before leaving office. His new role in AI governance could influence how emerging tech policy intersects with crypto regulation, particularly around custody standards and oracle networks that power DeFi infrastructure.
Peter Brandt's $600K Bitcoin target by 2029 reflects longer-term macro positioning rather than near-term sentiment. Brandt, a respected technician, typically operates on multi-year cycles. A $600K valuation (roughly 9.5x current assumed levels) would require sustained institutional adoption and macroeconomic tailwinds, not hype cycles. This narrative competes with near-term consolidation signals; the divergence between bullish long-term calls and choppy current price action typically precedes either capitulation or accumulation phases.