President Trump is holding the first crypto summit at the White House tomorrow,

featuring investors, CEOs, and founders of crypto companies.

Many in that world also hope that Trump spells out a clearer path involving little regulation in the future.

And Trump says he will announce the details of a new crypto reserve for the federal government.

Estimates vary widely, but surveys have found anywhere from 7 to 28% of U.S. adults invest in

crypto. The market's total value is estimated around $3 trillion at the moment. There are also

real concerns about the stability of crypto and similar digital assets and whether President Trump

has potential conflicts of interest. Our Paul Salman breaks it down for us. Let's start with some

basics. A cryptocurrency like Bitcoin is a bit of computer code, really just a unique string

of dozens of characters that identifies your ownership of some strictly digital

asset, existing only in what my mother disparagingly called cyberspace.

So that's really different than most of the other assets that we think about in the world.

Bitcoin itself is classified as a commodity, like things like gold.

But those commodities have a real-world analog component.

There's gold sitting in a vault somewhere. There's a bar or there's a coin. Bitcoin's purely

digital, digital first. When I first covered cryptocurrency back in 2013, one Bitcoin was worth about

$125. Five years later, more than $7,000.

Now a whole Bitcoin is selling near $90,000.

So what's its appeal?

If I want to send money to somebody,

it has to pass through multiple institutions

to get to them.

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