As we bid goodbye to President Joe Biden and start looking toward the oncoming Donald Trump era, it is a crucial time for investors. With a new administration comes a new set of policies that can completely turn around an industry or sector, and one such example is the cryptocurrency market.
The Biden administration has been mostly anti-crypto, but now with Trump back at the top, crypto is expected to pick up pace as seen by Bitcoin (BTCUSD) racing past the $108,000 mark following his reelection. Additionally, Trump’s pick to chair the Securities and Exchange Commission, Paul Atkins is known for being friendly to crypto. Trump also named tech venture capitalist David Sacks as the crypto czar – another appointment that has crypto investors in a state of excitement for the future.
