The recent election of Donald Trump as President of the United States in 2024 has had a significant impact on the cryptocurrency market, especially Bitcoin. During his campaign, Trump promised to transform the US into the “crypto capital of the planet” and create a strategic national Bitcoin reserve.
Following his victory, Bitcoin’s value surpassed the $100,000 mark, driven by investor optimism regarding a more crypto-friendly regulatory environment.
Trump also announced the appointment of pro-crypto figures to key positions in his administration, including Paul Atkins to the Securities and Exchange Commission (SEC) and David Sacks as head of artificial intelligence and cryptocurrency policy.
In addition, his sons, Donald Trump Jr. and Eric Trump, launched World Liberty Financial, a cryptocurrency exchange, in 2024.
These initiatives reflect a clear commitment by the new administration to promote and integrate cryptocurrencies into the US economy, positively influencing the global digital asset market.