Hello everyone...
In three days from now, Donald Trump will take the oath of office to become the 47th president of the USA following his decisive victory on November 5th election. Washington is preparing to hand him over power. There will be fireworks, parties, and a lot of celebrations going on in few days to come.
Trump’s major guests will include some of the most powerful names in technology and social media, such as: The CEO of Meta, Tesla, Amazon, Apple, Google and Tiktok. Also on the list are the Chinese vice president, Han Zheng, representatives from India, Japan and Australia
You all are aware of the challenges tiktok is facing right now and the ban that will take effect on Sunday 19th January. Will Tiktok sell to a US buyer or not?
That being said, are we expecting another bull rally in the crypto market?
The answer is yes, in fact the crypto market has started reacting positively to the upcoming inauguration. As of the time of writing this, Bitcoin price has surge to $104,000 and will continue going up in days to come.
Trumps victory has turned around a lot of regulations and harsh policies on cryptocurrency, with Garry Gensler stepping down on Monday as SEC chairman and Paul Atkins assuming office on Trump's nomination to replace him.
Gansler has been a contentious figure in crypto industry sice 2021, when he assumed the role of SEC chairman, he is known for cracking down on cryptos, making harsh policies and persecuting crypto exchanges.
According to Worthington Post on 13th January, Trump is expected to sign executive orders covering crypto de-banking and accounting policies after his inauguration.
With all these reformations and transformations in happening, BTC price is expected to make unprecedented gain in 2025.
H.C Wainwright, has predicted Bitcoin price to hit 225,000 this year.