January 20th: Trump’s Official Inauguration – How High Will BTC Be Pushed?

U.S. President-elect Trump is planning to issue an executive order on Monday after taking office, elevating cryptocurrency to a national priority and giving industry insiders a voice in his administration. The order also plans to establish a cryptocurrency advisory committee to advocate for the industry’s policy priorities.

Boosted by this news, Bitcoin has once again returned to the $100,000 mark. Analysts point out that if this executive order is really implemented, it will mark a revolutionary change for the cryptocurrency industry. Since the election in November last year, Bitcoin has risen by nearly 50%, reaching over $100,000, partly due to bulls’ expectations of being able to establish such a strategic reserve.

Kara Calvert, Vice President of U.S. Policy at Coinbase, the largest U.S. cryptocurrency exchange, said this is a signal from Trump that the U.S. wants to lead the cryptocurrency industry, and other countries should also hurry to catch up. In fact, many sovereign nations have already implemented or are planning to implement the inclusion of Bitcoin in their national strategic reserves.

Currently, Trump has received strong support from the U.S. cryptocurrency industry, which will provide substantial funds for the Trump administration to support the development of the cryptocurrency industry. Sean Farrell, Head of Digital Assets Strategy at Fundstrat, believes that Bitcoin could climb to $175,000 this year. The company’s co-founder, Tom Lee, publicly stated on CNBC that Bitcoin will be the best-performing asset this year. JPMorgan Chase apparently supports this view as well. In a recent forecast, JPMorgan stated that due to the influence of global geopolitical uncertainties and the continuous purchase of Bitcoin by many listed companies, Bitcoin will continue to strengthen in 2025.

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