Donald Trump is set to be inaugurated into office as the 47th president of America for his second non-consecutive term. When Trump won, the crypto market reacted with excitement. This kicked off a 4-week-long rally that affected Bitcoin, Ripple, and many other altcoins.
With Trump coming in as President now and many hopeful he will bring in many policies favorable to crypto, are we expecting another pump?
Altcoin Daily explores the potential impact of Donald Trump’s upcoming inauguration on Bitcoin’s price. As Trump prepares to take office as the 47th president on January 20, 2025, the crypto community watches with keen interest.
Altcoin Daily points out that during Trump’s first presidency, Bitcoin saw an astronomical rise of 3,900%, climbing from $898 to $35,900. The channel suggests this wasn’t coincidental, highlighting Trump’s self-proclaimed position as America’s first pro-crypto president.
What you'll learn 👉
BTC Market Patterns and Involvement of Institutional Players
According to Altcoin Daily’s analysis, current market patterns show a forming bullish pennant. However, they also warn of possible market shakeouts. The channel draws attention to BlackRock’s recent Bitcoin selling activity – their largest outflow after a year of steady accumulation.
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The discussion in Altcoin Daily’s video turns to the successful launch of Bitcoin ETFs, which saw unprecedented institutional interest. They compare this to potential developments under Trump’s administration, suggesting similar institutional demand patterns might emerge.
An interesting point raised by Altcoin Daily concerns potential regulatory shifts. With changes expected at the SEC’s helm, they predict a favorable resolution to the ongoing Ripple case within Trump’s first year. The channel also mentions Litecoin’s potential as the next cryptocurrency to receive ETF approval.
Perhaps most intriguingly, Altcoin Daily discusses speculation about Trump’s openness to creating a strategic crypto reserve featuring U.S.-founded digital assets like Solana, XRP, and USD Coin. While unconfirmed, this aligns with Trump’s known “America First” approach.
What to Expect of BTC Price Around Trump Inauguration
Altcoin Daily warns viewers about potential 20% price swings around the inauguration date. However, they maintain an optimistic long-term outlook, citing increased institutional adoption and strategic implementation as key drivers for Bitcoin’s continued growth.
The video concludes by emphasizing that while short-term volatility is expected, the combination of Trump’s pro-crypto stance and growing institutional adoption could create unprecedented opportunities in the cryptocurrency market.
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