President-elect Donald Trump is preparing to assume the presidency of the United States, with his term as the 47th president set to begin on January 20, 2025. His return to the White House signals potential shifts across various sectors, including the economic landscape.
Notably, Trump has expressed support for certain aspects of the cryptocurrency industry, despite previously criticizing Bitcoin and other digital assets. His recent foray into NFTs through the release of his own Trump Digital Trading Cards suggests a growing interest in blockchain technologies.
This pro-cryptocurrency stance could create a favorable environment for the wider adoption and growth of digital assets. Of particular interest are two cryptocurrencies that analysts predict could experience significant price surges under a Trump administration, especially if policies favoring blockchain innovation and reduced regulatory barriers come into play.
2 Cryptocurrency Coins Donald Trump Is Betting On
1. Bitcoin (BTC)
The president-elect has demonstrated a strong interest in Bitcoin since the early days of his campaign, making it a key topic throughout the recent presidential election. Bitcoin emerged as a significant point of debate, with the president-elect emphasizing its potential for growth and innovation.
During a campaign rally, he stated, “If I am elected, it will be the policy of my administration, the United States of America, to keep 100% of all the Bitcoin the U.S. government currently holds or acquires into the future.”
Moreover, Donald Trump is reportedly considering the creation of a Bitcoin reserve in the United States, signaling a potentially significant move in the rapidly growing cryptocurrency space. During an interview with CNBC last week, Trump emphasized the need for the U.S. to lead in this domain, stating, “We’re going to do something great with crypto because we don’t want China or anybody else—not just China, but others—embracing it first. We want to be the head.”
According to our current Bitcoin (BTC) price prediction, the Bitcoin’s price could increase by 20%, potentially reaching $115,000 by the end of January 2025.
2. Ethereum (ETH)
The latest data from Etherscan reveals significant activity in the wallet associated with Donald Trump-backed World Liberty Financial, as it continues to accumulate more Ethereum (ETH). Notably, the wallet linked to Eric.ETH has added an additional $2.5 million worth of Ethereum tokens, signaling strong confidence and bullish sentiment toward the cryptocurrency.
According to blockchain analytics platform Arkham, Ethereum has become one of the largest holdings in Trump’s recent portfolio activity, suggesting an intentional strategy to capitalize on the cryptocurrency’s potential.
Observers have noted this move as a strategic response to market conditions, with one analyst commenting, “Donald Trump bought the ETH dip. $2.5 million more in ETH added to his bag.” This accumulation reinforces the idea that Trump’s financial endeavors are increasingly tied to Ethereum.
According to our current Ethereum (ETH) price prediction, Ethereum’s price could increase by 22%, reaching $4,200 by the end of January 2025.
Also Read: Top 3 Must-Have Altcoins to Buy Before Trump’s Inauguration
Disclaimer
The information in this article should not be considered financial advice, and the FinanceShots platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
