What Trump’s Victory Could Mean for Bitcoin

For the first time, the U.S. has a President Elect openly supporting crypto.

I, and others in the Bitcoin community have been talking about what a Trump win could mean for Bitcoin for a while now, but if you're late to the crypto-currency party here's what's next:

1?? With a Republican-controlled House and Senate, there’s strong speculation President-Elect Donald Trump will follow through on crypto-friendly promises he made on the campaign trail. These promises could mean big things for Bitcoin, things like: appointing a pro-crypto SEC Chair, passing pro-Bitcoin legislation and establishing a national Bitcoin reserve.

2?? Trump’s campaign introduced some BIG crypto ideas—like drafting the BITCOIN Act, dismissing SEC Chair Gensler, and creating a Crypto Advisory Council. This could be the start of a new era for U.S. crypto regulation.

3?? A pro-crypto SEC could be on the way. The current SEC has cracked down on the industry under Gensler, but if Trump appoints “Crypto Mom” Hester Peirce or someone similar, expect a 180-degree shift.

4?? Establishing a Bitcoin Reserve? Trump’s administration might push to recognize Bitcoin as a strategic asset, with voices like Senator Cynthia Lummis advocating for it. This could drive institutional interest and cement Bitcoin’s role in the financial landscape.

5?? Analysts suggest a Trump administration could boost Bitcoin as an inflation hedge, with projections as high as $90,000 by year-end and even $200,000 in the next bull cycle.

The stakes are high, and January 20 could be the turning point. What do you think?