“Bitcoin is on its way to a phenomenal $100,000 valuation, driven by growing confidence that the Trump administration will usher in a crypto-friendly era, and speculators are rallying behind this narrative, fueling the frenzy” market, observed Thursday Stephen Innes, analyst at SPI Asset Management.
Among the measures expected from the cryptocurrency sector, that of a strategic reserve of bitcoins in the United States, mainly made up of tokens seized by the courts, and which could push other countries to grant more legitimacy to this virtual currency.
To constitute it, the American government would undertake to no longer sell the bitcoins already in its possession, mainly seized in the context of legal cases.
The president-elect also promised to drastically ease regulations on the digital currency sector, certifying that he would make the United States “the world capital of bitcoin and cryptocurrencies”.
In particular, he vowed to replace Gary Gensler, the boss of the policeman of American financial markets, the SEC, hated by a sector which criticizes him for a repressive approach.
