Donald Trump's officialization as the next president of the United States could favor Bitcoin in several ways. One of Trump's campaign promises is the creation of a national Bitcoin reserve ($BTC ), which could increase the adoption and recognition of Bitcoin as a legitimate form of payment.
Furthermore, Trump has mentioned the possibility of releasing Silk Road founder Ross Ulbricht, which could be seen as a gesture of support for the cryptocurrency community. He has also promised to ban CBDCs (central bank digital currencies) in the United States, which could benefit Bitcoin and other cryptocurrencies.
Senator Cynthia Lummis has also expressed her support for the creation of a strategic Bitcoin reserve, which could be an important step towards the adoption of Bitcoin as a store of value.
As for the impact on the price of Bitcoin, some experts such as Mike Novogratz predict that if the United States converts its reserves into Bitcoin, the price of the cryptocurrency could reach USD 500,000. However, it is important to note that the cryptocurrency market is highly volatile and there are no guarantees that this will happen.
