Market Reaction and Trump's Influence
Bitcoin's price surpassed $100,000, fueled by expectations of pro-cryptocurrency actions from , who will be sworn in as president next week.
Trump's previous skepticism of Bitcoin has transformed into strong support for cryptocurrencies, promising to make the the "crypto capital" of the world.
Policy Changes and Industry Response
Trump's appointments, including David Sacks as crypto "czar" and Paul Atkins for SEC Chair, signal a shift towards industry-friendly regulations.
The cryptocurrency community anticipates significant policy reversals, including ending "de-banking" practices and establishing a Bitcoin reserve.