A Frothy Crypto Market Anticipates Trump’s Inauguration and His First Round of Executive Orders
Bitcoin nudges all-time highs in anticipation
In the closing hours of the Biden presidency, there were palpable signs of anticipation that Donald Trump’s second term as POTUS could finally see the ascendancy of cryptocurrency and the crypto industry into the mainstream consciousness.
In the days before January 20th, Trump’s team launched the $TRUMP meme coin that saw the value of a coin rise from 18 cents on issue, to in excess of $50 per coin. While meme coins seldom have anything much in the way of a real purpose or practical application, rumors have circled that Trump could perhaps insist on $TRUMP being part of a federal reserve in much the same way as he has suggested Bitcoin will be. Another commentator speculated that POTUS 47 could grant audiences to holders of $TRUMP coins as a ‘pay-to-play’ token of sorts.
Anticipation builds
While far-fetched ideas may be the kind of far-fetched fantasy that many associate with Trump himself, there can be little doubt that more and more people are becoming aware of crypto and blockchain and becoming actively involved with it, thanks in no small part to Trump and the things he’s said.
