With his election having a massive impact on the leading crypto, US President-elect Donald Trump will reportedly keep a focus on Bitcoin (BTC) during his return to the White House. Indeed, the incoming Commander-in-Chief views the asset as “another stock market for him,” according to an Axios report.
The reelection of Trump has seen the country embrace its first-ever pro-crypto president. Moreover, his presence should bring with it a wave of favorable regulation for the asset class. To this point, the 47th president has already made good on that hope, announcing the appointment of David Sacks as the White House’s inaugural crypto czar.
JUST IN: 🇺🇸 US President-elect Trump "is going to be very focused on the price of #Bitcoin" during his presidency, Axios reports. pic.twitter.com/tZo4kuuyJD
— Watcher.Guru (@WatcherGuru) December 10, 2024
Also Read: Trump Appoints Pro-Crypto Paul Adkins as SEC Chair
Trump Will Reportedly Be ‘Very Focused’ on Bitcoin Price in Upcoming Presidency
There is little argument that 2024 has been the best year in Bitcoin’s history. Not only did it become the first crypto-based ETF, but the aset has surged to new heights. In November of this year, the asset reached six figures for the first time.
One of the biggest reasons for BTC’s record surge was Donald Trump’s victory in the 2024 presidential election. Moreover, the returning president will keep a close eye on the leading cryptocurrency during his second term. Specifically, one report notes that President-elect Trump will keep a clear focus on Bitcoin during his presidency.
Also Read: Bitcoin Surged $31,000 After Trump Won 2024 Election
According to Axios, Trump is “going to be very focused on the price of Bitcoin” throughout his second term. A top transition source noted that the asset’s price will be of particular interest. Indeed, the source noted Trump “would love for Bitcoin to hit $150,000 early in his presidency.”
With many expecting the token to reach $200,000 in 2025, that hope will likely come to fruition. Now, all eyes are on the shifting focus of Bitcoin on a global scale. Russia has proposed the adoption of a strategic Bitcoin reserve. Moreover, that may be the first of many, with the move setting a trend for a plethora of countries.
