Crypto investors are ready for the new year, and for bullish post-election market themes – notably a pro-crypto government and the promise of easier regulation – to drive capital into the industry. Bitcoin and other cryptocurrencies rocketed after the November election – boosted by President-elect Donald Trump’s promise to embrace the industry in his new term – only to be smacked last week when the Federal Reserve indicated fewer interest rate cuts in 2025 than previously anticipated. The support of the new administration, however, is seen as overwhelming any central bank obstacles, potentially spurring bitcoin to double its current price. “The broad macroeconomic picture looks fine for crypto and for broader markets and…
Jan 07 2025
