What New Rules Could Donald Trump Bring to Boost Bitcoin’s Growth?
The world is talking about the potential impact of Donald Trump’s presidency on Bitcoin’s growth, with various analysts sharing their perspectives on how his policies could drive the cryptocurrency market forward.
One key analyst highlights that Trump’s administration could significantly boost Bitcoin’s price by pushing for the tokenization of traditional assets, such as stocks from major companies like Apple and Amazon. This could lead to a world where assets are traded digitally, making Bitcoin and other cryptocurrencies even more integral to the financial system. The analyst believes this could unlock trillions of dollars in new digital assets, creating a massive opportunity for Bitcoin in 2025.
Analyst Say Trump wants Bitcoin’s price up
Trump’s former campaign chairman, Paul Manafort, also revealed that Trump plans to clean out the SEC and install individuals who are more supportive of Bitcoin. Trump is expected to treat Bitcoin as part of the U.S. strategic reserve, which could further boost the cryptocurrency’s position in the global economy. Analysts believe that Trump will measure his success by Bitcoin’s price and will take credit for any future surges. Some even predict that Bitcoin could hit $500,000 under his leadership.
Moreover, another analyst, Kristen Smith, the CEO of the Blockchain Association, also echoed similar sentiment and pointed out that the lack of a clear regulatory framework for Bitcoin exchanges has stopped its growth. With Trump’s pro-Bitcoin stance, she believes that regulatory clarity will encourage more big companies to invest in Bitcoin, making it a mainstream asset. Further pointing towards the regulatory issues Coinbase and Robinhood faced could have been avoided with transparent policies saving investors money.
Overall, analysts agree that Trump’s presidency could be a turning point for Bitcoin, with clearer regulations, more institutional adoption, and a more favorable attitude toward cryptocurrencies. This could lead to Bitcoin reaching a new high with a global presence.
Not All Agree to Trump’s Promises…
Ethan Vera, COO at Seattle-based Luxor Technology said in a recent Bloomberg interview that Trump’s plans to mine all remaining Bitcoin mining to be done in the US are fake and impractical as Bitcoin mining is a costly and energy process Also majority of miners is spread across the globe where energy is cheap. So there is not much Trump can do to change this vast distribution channel and attract Bitcoin miners to the US with restrictive crypto policies.
