As President-elect Donald Trump 
Donald Trump
Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election
President
prepares to take office on 20th Jan, the spotlight is on Bitcoin. Many believe his pro-crypto policies could lead to a significant price surge for Bitcoin, while debates about adopting a national Bitcoin reserve are gaining momentum. Could this be the beginning of a new financial chapter for the U.S.?
Trump’s Administration Sparks Bitcoin Optimism
With Trump’s inauguration just around the corner, speculation is growing about how his administration might support cryptocurrencies. Some analysts predict that Bitcoin’s price could rise to $130,000 or even $150,000 if Trump announces crypto-friendly policies.
One of the most talked-about ideas is Senator cynthia lummis
cynthia lummis
Cynthia Lummis is a senator from Wyoming, United States. She has a net worth ranging from $20 million and $75 million. On her son-in-law's advice, she purchased Bitcoin and became the first U.S senator to possess cryptocurrency. She possesses no less than $230,000 worth of Bitcoin. She adopted office on January 3, 2021, the term terminates on January 3, 2027. She has always been focused on advocating for Wyoming's future. She struggled her entire career fighting for Wyoming families, communities, businesses, and values. Beginning at the halls of the Wyoming House to the Halls of the U.S. House.
Lummis was born on September 10, 1954, and graduated from the University of Wyoming, earning a bachelor's degree in animal science, and biology. She also achieved a Juris Doctor from the University of Wyoming College of Law. Her career experience comprises working as general counsel to previous Wyoming Governor Jim Geringer, Wyoming House of Representatives, as a treasure of Wyoming, and in the United States House of Representatives from Wyoming's at-large congressional district.
In 1990, she also worked as the chair of Mary Mead's gubernatorial campaign and Ray Hunkins's gubernatorial campaign, in 2006, also served on Bob Dole's presidential steering committee in Wyoming. Through her firmly beneficial crypto position, she developed the reception and fair guidelines of computerized resources in the United States. She voluntarily organized a great foundation for herself as a significant Bitcoin financial backer. She is professed to continue encouraging the developing cryptocurrencies industry in the United States and all over the world in 2022. Her urge for transparency on cryptographic forms of money and stable coins in U.S. regulation will maintain on becoming tremendous. She had been always looking for a store of value, and she believes bitcoin specifically is a great store of value and knew that scarcity will protect its value going into the future, unlike the U.S. dollar that they are printing more of every single day.
Investor
BITCOIN Act of 2024, which proposes the Treasury buy 1 million BTC over the next five years. Supporters believe this move could strengthen the U.S. economy and reduce reliance on traditional monetary systems.
Bitcoin Reserve Debate Continues
The idea of a national Bitcoin reserve has sparked a mix of hope and concern. Supporters, like Suriname’s presidential candidate Maya Parbhoe, argue that Bitcoin could help countries escape the problems of inflation and reckless fiscal policies.
She believes adopting Bitcoin would bring stability and protect citizens’ wealth, comparing its importance to the internet in the 1990s.
However, critics warn of potential risks. Nic Carter, a Bitcoin expert, said that while Bitcoin works well for smaller countries like El Salvador, it could destabilize the U.S. financial system.
Others, like former New York Fed President Bill Dudley, worry that funding a Bitcoin reserve could increase national debt or cause inflation.
Meanwhile, Ki Young Ju, CEO of CryptoQuant, raised a key question calling it a “chicken-and-egg” question.
Should Bitcoin adoption happen because the dollar is losing strength, or will adopting Bitcoin trigger the dollar’s decline?
On-Chain Metrics Offer Hope
mid the debates, on-chain data is giving Bitcoin fans more reasons to be hopeful. The Coinbase premium, a metric that shows U.S. demand for Bitcoin, turned positive recently, signaling renewed interest from American investors.
As Bitcoin’s price edges closer to its ATH of $108K, this renewed demand could push it even higher.
