What Trump’s Election Win Could Mean For Bitcoin and Crypto
Key Takeaways
- Trump’s win is seen as a positive development for crypto — as illustrated by the latest rise of bitcoin prices, which earlier touched record highs.
- More regulatory clarity for stablecoins and crypto assets generally could see progress in Congress as more pro-crypto lawmakers take office.
- Two areas to watch under Trump could be the creation of a strategic bitcoin reserve and growth in the bitcoin mining sector.
The cryptocurrency industry expects better days ahead.
Specifically, Donald Trump’s return to the White House is seen as a positive development for crypto regulation and the potential development of a strategic bitcoin stockpile. Those prospects lifted bitcoin (BTCUSD) today, with the leading cryptocurrency…
