Trump's Pro-Bitcoin Stance May Boost Market

As Donald Trump takes office, expectations rise for favorable regulations on Bitcoin. Experts predict a surge in demand and legitimacy for cryptocurrencies.


Trump's Pro-Bitcoin Stance May Boost Market

The CEO and co-founder of Ripio, Sebastián Serrano, revealed that the Bitcoin Bill that passed through the Senate in mid-last year contemplated the purchase of 200,000 Bitcoins over five years, with the goal of accumulating a million Bitcoins.

Donald Trump's assumption of the presidency of the United States generated expectations in the market, which sees in his deregulating speech and pro-Bitcoin stance an opportunity for the cryptocurrency. Just before Trump's inauguration, the value of Bitcoin exceeded $105,000, marking a milestone in its quotation.

The crypto industry eagerly awaits the first measures of the new president, as they could provide a significant boost to the cryptocurrency market globally. Speculations arise about possible deregulating measures or more favorable regulations, which could have a significant impact on the official demand for Bitcoins worldwide.

The price of Bitcoin has risen significantly amid expectations, reaching levels close to its historical maximum of $108,200. The crypto community is keenly awaiting the executive actions taken by Trump and his administration regarding the cryptocurrency ecosystem.

Ignacio Giménez, Business Director of Lemon, highlights that the industry anticipates the arrival of new cryptocurrency ETFs on Wall Street, including Solana and XRP, as well as the elimination of restrictive rules that would make it easier for banks to offer cryptocurrency custody services, and a possible boost to Bitcoin mining.

The General Director of Bitso Argentina, Julián Colombo, explains that positive regulation from the United States regarding Bitcoin or cryptocurrencies in general would further legitimize its use globally, which would also have an impact in Argentina. The creation of a strategic Bitcoin reserve by the United States could boost demand and, therefore, the quotation of this cryptocurrency.