Insider: Trump is expected to issue at least one executive order on encryption on his inauguration day
According to Marketwatch, sources say that the cryptocurrency industry has been lobbying for Trump to issue executive orders within his first 100 days in office to establish a US Bitcoin reserve, ensure the industry can access banking services, and create a cryptocurrency advisory committee. The industry expects at least one order will be issued on January 20.
One analyst said that Bitcoin could rise to a record high of over $125,000 in the first quarter of this year or it could fall to $77,000. The key is whether Trump will quickly fulfill his promises to the cryptocurrency industry after taking office. These promises include making America "the capital of internet cryptocurrencies" and "the world's superpower in Bitcoin."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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