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Bitcoin ATH: "Investors are flocking to Bitcoin in a digital gold rush" ahead of Trump's inauguration

ended 20. January 2025

Bitcoin hit a new all-time high overnight ahead of Trump's inauguration today, with one wealth manager saying “crypto coins have the biggest tailwind they may ever get right now”. Another said “it is expected that Trump will issue executive orders on the first day of his presidency to address issues such as “de-banking” and the repeal of a controversial crypto accounting policy, which requires banks holding digital assets to record them as liabilities on their own balance sheets. This could be a significant development for Bitcoin and the broader cryptocurrency industry.” Newspage asked economists and financial experts for their views for their views on what next for crypto and how Trump's policies could impact the sector, below.

4 responses from the Newspage community

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Gabriel McKeown
Political & Economics Writer at Sad Rabbit - Substack Newsletter
Amid the political spectacle surrounding Trump’s return, investors are flocking to Bitcoin in a digital gold rush. The whole cryptocurrency market continues to show unbridled enthusiasm. While many were anticipating a more crypto-friendly regulatory environment in this new administration, the recent memecoin saga was wholly unexpected, with the tandem meme coin launches further underlining Trump’s apparent commitment to the space. However, the timing of the launch, so close to inauguration, invites scrutiny over whether his crypto policy decisions could be designed to benefit his personal ventures. The potential for crypto policy changes to be perceived as catering to the Trump team’s self-interest and profit-seeking could overshadow genuine regulatory considerations. Whether this will prove to be a fleeting trend or a lasting symbol of a new financial-political paradigm remains to be seen, however, significant regulatory changes are all but guaranteed in the months ahead.
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Anita Wright
Chartered Financial Planner at Ribble Wealth Management
Rumour has it that Trump and his team have been working closely with crypto leaders and it is expected that Trump will issue executive orders on the first day of his presidency to address issues such as “de-banking” and the repeal of a controversial crypto accounting policy, which requires banks holding digital assets to record them as liabilities on their own balance sheets. This could be a significant development for Bitcoin and the broader cryptocurrency industry. Not only could this pave the way for a range of consumer products and solutions centred around crypto, but it could also catalyse widespread and mainstream adoption of cryptocurrencies. Once given the green light to operate freely and without regulatory threats, consider how aggressively large banks might promote these products to consumers—trading, custody and lending. For those who are not yet familiar with Bitcoin, having a trusted major bank introduce it as part of their offerings would serve as a powerful endorsement.
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Wes Wilkes
CEO at IronMarket Wealth
We are in a new moment and people may not see exactly how significant it is. America now has a take-what-you-want leader. A quarter of the US owns crypto and with Trump being really clear on his support for the sector, scams or not scams crypto coins have the biggest tailwind they may ever get right now. Up and to the right is likely to be their trend moving forwards.
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Prem Raja
Head of Trading Floor at Currencies 4 You
The weekend felt like a year in the crypto currency market, so much has been going on. With the launch of $TRUMP and other related coins we have seen a liquidity black hole into the President's new coin. On Monday morning we saw Bitcoin reach all-time highs and Solana reach a new all-time high on the weekend. Whether this is the continuation of the bull market or if it marks the top remains to be seen. President Trump is said to be creating a more constructive environment for crypto currencies which could benefit companies and tokens in the long run, but for now it is unclear what this means for prices.