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 multiple analysts sharing their thoughts on how his policies could push the cryptocurrency market forward.
A major analyst has highlighted that the Trump administration could significantly increase the price of Bitcoin by promoting the tokenization of traditional assets, such as shares of large companies such as Apple and Amazon. This could lead to assets being traded digitally, making Bitcoin and other cryptocurrencies more integrated into the financial system. Analysts believe this could unlock trillions of dollars in new digital assets, creating huge opportunities for Bitcoin in 2025.
Analyst says Trump wants Bitcoin price to rise
Trump’s former campaign chairman Paul Manafort also said disclose Trump plans to clean up the SEC and appoint individuals who are more pro-Bitcoin. Trump is expected to consider Bitcoin part of the U.S. strategic reserve, which could further elevate the cryptocurrency’s role in the global economy. Analysts believe Trump will measure his success by the price of Bitcoin and take credit for any future spikes. Some even predicted that under his leadership, Bitcoin could reach $500,000.
Additionally, another analyst, Christine Smith, CEO of the Blockchain Association, echoed similar sentiments, noting that the lack of a clear regulatory framework for Bitcoin exchanges has hampered its growth. Given Trump’s pro-Bitcoin stance, she believes regulatory clarity will encourage more large companies to invest in Bitcoin, making it a mainstream asset. It further pointed out that the regulatory issues faced by Coinbase and Robinhood could have been avoided through transparent policies, thus saving investors money.
Overall, analysts agree that Trump’s presidency could be a turning point for Bitcoin, with clearer regulation, greater institutional adoption and a more favorable attitude toward cryptocurrencies. This could lead to Bitcoin reaching new highs globally.
Not everyone agrees with Trump’s pledge…
Ethan Vera, COO of Seattle-based Luxor Technology, said in a recent Bloomberg report interview Trump’s plan to conduct all remaining Bitcoin mining in the United States is false and unrealistic because Bitcoin mining is a costly energy process and most miners are spread across the globe where energy is cheap. Therefore, there is nothing Trump can do to change this massive distribution channel and attract Bitcoin miners to the United States through restrictive crypto policies.
