On January 20, 2025, at noon Eastern Standard Time, Donald Trump is set to take office as the 47th President of the United States. Given the anticipated cold weather, the ceremony will be held inside the Capitol Rotunda instead of outdoors. The program includes musical performances from artists like Carrie Underwood, Christopher Macchio, and Lee Greenwood.
Market analysts believe the recent spike in Bitcoin‘s value is largely due to optimism surrounding potential cryptocurrency-friendly policies under the new government. The anticipation is that President Trump might unveil a Strategic Bitcoin Reserve. Additionally, holders of XRP can look forward to positive developments, as it seems likely that there will be an American Crypto Reserve, which may include coins like Ripple‘s XRP and Solana.
Bitcoin hit a new all-time high of $108,893 early Monday morning, Source Brave New Coin BLX
Previously shared news suggests that President-elect Trump could issue executive orders to ease regulations and boost digital currencies. Moreover, the possibility of appointing a former SEC Commissioner, who is supportive of cryptocurrency, as the head of the Securities and Exchange Commission has increased market trust.
As a researcher studying the crypto market, I’ve noticed that investors closely monitor any shifts in policy regarding cryptocurrencies. The speculation around executive orders endorsing digital assets has significantly fueled a bullish momentum within the crypto market. Analysts are forecasting that Bitcoin’s value could potentially surge to $400,000 by 2025, primarily due to favorable policies expected from the new administration, such as the creation of a strategic Bitcoin reserve, and what is being referred to as “The Trump Pump.
As the inauguration takes place, investors will keep a close eye on the government’s policy decisions, particularly those concerning the digital currency industry, to evaluate how they might affect the financial market.
For now, enjoy the new Bitcoin all time high. The bull run is just getting started.
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2025-01-20 11:08