Trump, Bitcoin, and the New Order: What Changes Are Ahead for Crypto Markets in 2025?

Despite the fact that the old man of bitcoin is steadily approaching the $90,000 mark and there is a significant excitement in the market, experts disagree on the impact of Donald Trump’s presidency on the cryptocurrency.

Turned 180 degrees

Donald Trump was elected President of the United States for the second time. But he cannot lead the country yet. The 47th American president will be inaugurated on January 20, 2025. Until then, Joe Biden will remain the head of state, and Kamala Harris will be the vice president.

The 78-year-old Trump will be the first former president to return to this position in more than 130 years of American history, as well as the oldest man to become President of the United States. It is interesting how his views on digital assets have changed dramatically in a few years (apparently, it is not about Crypto industry spent more than $130 million on elections).

On the eve of the 2020 election, Trump strongly criticized cryptocurrencies for potential use in illegal activities.

Also, in 2021, the Republican called bitcoin as a fraud and said that it was «dangerous because it was trying to create a level of trust in an unreliable and completely unjustified currency».

But before this year’s election, the politician underwent a dramatic change, and Trump actively positioned himself as a pro-cryptocurrency presidential candidate. First, the Republican began accepting payments to support his campaign in crypto, and then launched his crypto platform. Moreover, Trump promised to make the United States the crypto capital of the planet and a bitcoin superpower. And to begin with, a bill has already been drafted, within the framework of which it is proposed to purchase 1 million bitcoins within 5 years to replenish the US national reserve.

What else has Trump promised?

• «On my first day, I will fire Gary Gensler». This refers to the current chairman of the Securities and Exchange Commission (SEC), who actively criticizes cryptocurrencies.
• «Upon taking office, I will immediately appoint a Presidential Advisory Council on Bitcoin and Cryptocurrencies».
• «Biden’s hatred of bitcoin only helps China, Russia, and the radical communist left. We want all the remaining bitcoin to be made in the U.S.».
• «They want to postpone the creation of a central bank digital currency. Forget about it. There will never be a CBDCA central bank digital currency (CBDC) is a digital version of the dollar that will be issued and controlled by the Federal Reserve, the central banking system of the United States. as long as I am President of the United States».
• «If cryptocurrency is going to shape the future, I want it to be mined, minted, and produced in the United States. Ultimately, I promise each one of you that I will be the pro-innovation, pro-bitcoin president America needs and our citizens deserve».
• Trump promised create a commission on government efficiency headed by billionaire Elon Musk.

Populism? Perhaps. But the crypto market reacted very strongly to Trump’s promises. Even as the votes were being counted, BTC set a record by exceeding $75,000, andof cryptocurrency-related companiesMicroStrategy and Robinhood Marketshave increased sharply, associated with Elon Musk Dogecoin (DOGE) has jumped by 25%. And now there is something similar to a bull market…

However, we should not forget about volatility

Bitcoin has already updated another record at $89,000 and now analysts’ forecasts of a price of $100,000 in November no longer seem so unrealistic. Altcoin prices are also slowly creeping up.

Even experts from the research and brokerage company Bernstein they say that the bull market is already here, and investors should «buy everything they can».

Also, the founder of ITC Crypto Benjamin Cohen warned that in late 2024-early 2025, it could happen a sharp drop in altcoins as has happened before. Only then will growth begin, which can truly be called a full-fledged bull market.

In addition, cryptocurrency prices are highly dependent on global events, such as Russia’s invasion of Ukraine, and macroeconomic trends.

Talking is not enough

The new administration’s approach to regulation, financial inclusion, and international cooperation will determine the US position in the global digital economy. But first, critical issues need to be addressed:

1. Bring regulatory clarity to digital assets. Working with agencies such as the SEC and CFTC to establish guidelines, or potentially transferring cryptocurrency regulation from the SEC to the Commodity Futures Trading Commission (CFTC), could be beneficial.
2. Accept The Law on Financial Innovation and Technology for the 21st Century (FIT21), which deals with cryptocurrencies and regulation of stablecoins.
3. Promote financial literacy and education. Many people still don’t know what the pros and cons of cryptocurrencies are, what tools are available, and how to use them.
4. Create a working group of representatives of financial organizations and technology companies to formulate a policy that considers the interests of both institutional and individual investors. It is already known that one of the consultants will be Charles Hoskinson, founder of the Cardano blockchain.
5. Integrate cryptocurrencies into the traditional financial system.