Next year could be a big one for cryptocurrency, especially as President-elect Donald Trump returns to the White House. During his campaign, Trump promoted himself as the “crypto president,” earning the support of many in the crypto community.
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Given Trump’s pro-business stance and his promises of regulation reform, many investors are wondering whether now is the right time to get into crypto. Here are four reasons to consider investing in crypto before Trump’s inauguration — and three reasons not to.
Also see five cryptos to consider investing in after Trump’s win, according to experts.
The Case for a Crypto Investment
With Trump’s pro-crypto stance, many are looking to cryptocurrency as a possible investment ahead of Inauguration Day — and there are some reasons for doing so.
Consider This: How To Financially Plan for the New Year Under the New Trump Presidency
Promised Regulatory Clarity
The U.S. government is expected to take a more favorable regulatory posture toward cryptocurrencies during Trump’s administration. We could also see changes in Congress with more pro-crypto legislators who might provide clearer regulation for stablecoins and other digital assets.
The departure of Gary Gensler as the Securities and Exchange Commission chair could reduce the weight of the crypto industry’s regulatory bullseye. Trump has said he plans to nominate Paul Atkins, a known supporter of crypto, as the new chair.
Market Momentum
After Trump’s election win, Bitcoin’s price skyrocketed, exhibiting market momentum that could last during his term. Investment into Bitcoin has already greatly increased due to the approval of spot Bitcoin exchange-traded funds early in 2024 — indicating that institutional interest in Bitcoin is growing.
Earlier this month, Bitcoin surpassed the $100,000 mark for the first time — a milestone many have been watching for awhile.
Institutional Investment Growth
With Trump in office, a more favorable regulatory landscape is expected, and institutional investors, perhaps encouraged, may feel more comfortable going further into the crypto space. This influx of capital could send crypto prices…
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