#TrumpMarketInsights Analysts say Trump presidency marks ‘a turning point’ in US crypto policy

The inauguration of Donald Trump as the 47th president of the United States has sparked optimism in the cryptocurrency market. Returning to the White House after a four-year hiatus, Trump’s administration is expected to adopt a crypto-friendly stance, reflected in key appointments like Silicon Valley investor David Sacks as the White House crypto czar.

Bitcoin prices have soared, surpassing $109,000 on inauguration day, driven by hopes for strategic policies. The US, already the largest sovereign Bitcoin holder with over 200,000 BTC worth nearly $22 billion, may explore building a national Bitcoin reserve—a move supported by industry leaders like MicroStrategy’s Michael Saylor. Coinbase CEO Brian Armstrong emphasized Bitcoin’s potential as foundational to the global economy, comparing its significance to gold.

During his campaign, Trump highlighted his vision for a crypto-powered future, stating, “If crypto is going to define the future, I want it to be mined, minted, and made in the USA.” His administration aims to replace the previous government’s restrictive policies with clearer regulations, signaling a potential shift in how the US embraces blockchain technology.

However, experts urge caution amidst this bullish momentum. Trump’s launch of a memecoin, TRUMP, has stirred speculation, with market activity largely driven by hype. Nigel Green, CEO of deVere Group, warned that such trends resemble gambling rather than investing.

While Trump’s presidency may open new doors for cryptocurrency, analysts stress the need for practical state-level initiatives and long-term strategies to ensure sustainable growth.