Crypto Outlook Today: How Will Trump’s Inauguration Impact Bitcoin’s Price?

As Donald Trump Donald Trump   Donald J. Trump is a US-based entrepreneur, Pro-crypto Politician, and the 45th and 47th President of the United States of America. He understands the importance and needs of the modern fintech world, and people look up to him as a dominant pro-crypto leader.   Quick Facts   Full name Donald John Trump Birth 14-06-1946, New York, United States Nationality American Education BS from the University of Pennsylvania Known For Businessman, Pro-Crypto Politician   Once doubtful about Bitcoindominance, he said in a tweet in 2019, “I am not a fan of Bitcoin", but now has a significant amount of cryptocurrency holdings in his kitty. He has also signed an Executive Order to establish a Strategic Bitcoin Reserve, which highlights his commitment to the future of cryptocurrency.   Donald Trump - Career Highlights & Events   2016 – Elected as the 45th President of the United States from the Republican Party.   2017 – Signed the Tax Cuts and Jobs Act, impacting investment environments   2019 – Criticized Bitcoin and Libra on X, dubbing them as "not money"   2024 – Campaign signals potential openness to crypto-friendly reforms   2025 –  Elected as the 47th President of the United States from the Republican Party.   A meme coin, $TRUMP, is associated with Donald Trump, which is listed on the Solana blockchain platform. His family also backs World Liberty Financial (WLF), a crypto venture.     President prepares to take the oath of office for his second term on January 20, the crypto market is already reacting in a big way. Bitcoin has surged to a record-breaking $109,241, jumping 6% in just one hour, as traders speculate about what pro-crypto policies the new administration might introduce.

What can we expect from Trump’s second term, and how will his moves impact the crypto market? Read on to find out.

Trump’s Inauguration: A New Chapter for Crypto?

The inauguration ceremony will start at 12 p.m. ET (17:00 GMT), with Chief Justice John Roberts swearing Trump in for his second term. After defeating Vice President Kamala Harris Kamala Harris Kamala Harris is a well-known American leader who also served as Attorney General in the past. She is the former (49th) Vice President of the United States. She has been known for her vocal stance on cryptocurrency adoption and has been backed by several crypto leaders like Chris Larsen.   While serving as Vice President, she has reached out to crypto firms such as Coinbase and Circle and lawmakers at the White House to help formulate the policy frameworks for cryptocurrency adoption.   All these developments highlight her firm stance to encourage the growth of cryptocurrency in the nation.   Quick Facts   Full name Kamala Devi Harris Birth 20-10-1964, Oakland, California, United States Nationality American Education BA from Howard University Known for Active Politics   Kamala Harris - Career Highlights & Events   2010 – Elected Attorney General of California   2016 – Became U.S. Senator for California   2020 – Elected 49th VP of the United States of America in the general elections   2022 – Supported digital equity and broadband inclusion initiatives   2024 – Advocated tech innovation and responsible AI/crypto regulation   Vice President in the 2024 presidential race, Trump is returning to the White House, and the crypto market is watching closely for what might come next.

The crypto market is full of excitement, fueled by Trump’s promise to make the U.S. a global crypto hub. Just hours before the ceremony, Bitcoin hit a record $109K with a market cap of $2.15 trillion. This rise is just the beginning.

Other major cryptocurrencies also saw strong gains. Ethereum jumped by 6%, reaching $3,384.20, while XRP rose 5%, and Dogecoin increased by 2.4%. The market is buzzing with optimism as expectations grow for Trump’s crypto-friendly policies.

Pro-Crypto Cabinet Under Trump

Trump is already appointing leaders who are expected to support the crypto market. Paul Atkins, a former SEC official who supports deregulation, has been chosen to lead the Securities and Exchange Commission (SEC), signaling a more crypto-friendly approach to regulation.

David Sacks, a former PayPal executive, has been appointed the White House crypto czar. Sacks will work on creating a legal framework for cryptocurrencies, something the industry has long wanted.

In addition, Trump has formed a new Department of Government Efficiency, led by Elon Musk and Vivek Ramaswamy. The department aims to boost innovation and reduce government costs, which could create more opportunities for the crypto sector.

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Experts Weigh In

Market analysts are optimistic about the impact of Trump’s presidency on digital assets. Xremlin, a well-known market expert, believes this could be a “golden era” for crypto. He predicts that U.S.-based coins and assets tied to the Trump family could see significant growth.

Eric Trump has already revealed his investments in Bitcoin, Ethereum, Solana, and Sui, showing confidence in well-established crypto assets. This move could encourage other investors to follow his lead.

Some experts speculate that Trump’s inauguration speech could drive Bitcoin prices up to $120,000 or more. With strong appointments and a clear focus on crypto, the market is likely to see further growth in the coming months.

With a pro-crypto stance gaining momentum, the digital asset market may look very different by the time Trump finishes his second term.

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