This Monday at 5:30 p.m., Donald Trump will be officially inaugurated as the 47th President of the United States. His vocal support for cryptocurrencies has ignited the market for these assets, known for their volatility. A few hours before this event, bitcoin records new historical records.
During his campaign, Donald Trump attracted cryptocurrency enthusiasts by affirming his commitment to this sector. His victory had an immediate effect on the market: bitcoin, the flagship cryptocurrency, crossed the symbolic threshold of $100,000 after the announcement of his victory. Today, as his inauguration approaches, BTC reached a peak of 109,114 dollars (or approximately 105,852 euros), an impressive record.
A dynamic driven by Trump’s promises
The meteoric rise of Bitcoin is largely attributed to Donald Trump’s promises, in particular that of creating a national bitcoin reserve, further strengthening the credibility of this digital asset. Analysts predict that the cryptocurrency could exceed $110,000 upon inauguration, unless rumors circulating about a possible reserve in USBT, Tether’s stablecoin, are confirmed.
In addition to bitcoin, Donald Trump also launched his own cryptocurrency, the memecoin $TRUMP, which jumped 800% in a single weekend. This initiative demonstrates its interest in the sector and its ability to captivate investors and crypto enthusiasts.
-Furthermore, Dogecoin, often associated with Elon Musk, is also attracting attention. Currently valued at $0.38, some hope it will reach $1.
As the inauguration approaches, the future of cryptocurrencies seems more uncertain than ever, oscillating between the optimism of presidential promises and the challenges specific to this highly speculative market.
