Presidential successions can be contentious, but there’s one thing that all parties can agree on: changes are afoot in the realm of digital assets. With a new administration starting in 2025, pro-cryptocurrency policy could pave the way for rapid innovation and equally rapid adoption.
Or at least, that’s what enthusiasts of Bitcoin and other crypto tokens are hoping to see during the next four years. If President-elect Donald Trump delivers on his campaign-trail promises, digital assets could get a fast-tracked path to exponential growth, mainstreaming, and asset-price discovery.
Ushering In the “Crypto President” and Crypto Cabinet
During a 2024 presidential campaign fundraising event, Trump reportedly vowed that he would be the “crypto president” if elected. This marked a dramatic pivot for Trump, who had previously criticized cryptocurrency.
Clearly, Trump’s second term will be different from his first term, especially when it comes to decentralized digital assets. With the new administration ushering in a new stance toward cryptocurrency, influencers in the space are highly optimistic; for instance, Binance CEO Richard Teng shared what he expects, “Given the recent U.S. presidential election and expected crypto regulation from its new government, we expect to see other countries follow the lead from the U.S. and enact more legislation across the world.”
Teng continues, “There is also the potential of a Strategic Bitcoin Reserve in the U.S., which could be a significant development and lead to many other countries doing the same. In this scenario, Bitcoin could one day grow to new heights in terms of adoption.”
Hopes are high among blockchain denizens, then, with the re-branded “crypto president” even promising during his campaign to make the U.S. the “crypto capital of the planet.”
That’s a huge promise, but Trump laid the groundwork to fulfill this promise even before he officially retook the White House. In the months leading up to his re-inauguration, Trump announced a slew of decidedly crypto-friendly cabinet picks, including Paul Atkins as Securities and Exchange Commission (SEC) chairman, Scott Bessent as secretary of the Treasury Department, and David Sacks as artificial intelligence (AI) and crypto czar (a newly created administrative position).
Thus, Trump is indisputably delivering on his promise to fire SEC Chairman Gary Gensler “on Day One.” Atkins is replacing Gensler, who was known for taking aggressive regulatory actions against cryptocurrency firms and who disclosed his intention to leave his post at the SEC in January 2025.
Moreover, Trump declared that he would establish a “Bitcoin and crypto presidential advisory council” in which the “rules will be written by people who love your industry.” Bo Hines, whom Trump tapped to serve as executive director of the Presidential Council of Advisers for Digital Assets, will head this newly created “crypto council.”
America as a World Crypto Leader
Installing new, pro-cryptocurrency individuals in top government positions should undoubtedly prove to be a boon for digital assets in 2025. Indeed, Trump’s re-election and his announcement of crypto-friendly cabinet picks are among the top reasons some participants believe Bitcoin could reach $200,000 this year.
Yet, the potential road to $200,000 won’t only be paved with cabinet picks. Beyond the aforementioned leadership changes, Trump seeks to establish the U.S. as nothing less than a global epicenter of blockchain-based innovation.
Not known to mince words, Trump made his vision crystal clear when he posted on social media, “We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!” He reiterated this sentiment when he proclaimed at a Nashville event, “If crypto is going to define the future, I want it to be mined, minted and made in the USA.”
Trump followed this with, “We will be creating so much electricity that you’ll be saying, ‘Please, please, President, we don’t want any more electricity. We can’t stand it!’” Call it hyperbole or call it a master plan if you’d like; either way, crypto miners, exchanges, and holders could claim to have an elected leader whose vocalized values align with theirs.
Other of Trump’s statements are also decidedly crypto-accommodative. He’s vowed to establish a “Bitcoin national stockpile” and even reportedly posited that Bitcoin can help America win the artificial intelligence (AI) arms race.
Bracing for a Bitcoin Boom
Campaign-trail policy promises don’t always pan out. Even with a Republican majority in Congress, Trump will face pushback and may have to modify his pro-crypto plans.
Still, industry insiders and retail traders alike are bracing for a big year on the blockchain. The Bitcoin price doubling to $200,000 isn’t out of the question, and crypto billionaire Michael Novogratz sees Bitcoin skyrocketing to $500,000 if Trump does actually build a national Bitcoin reserve.
Price targets aside, there’s no denying the momentum and excitement brought by Trump’s crypto-favorable stance. Whether his policy promises are all realized or not, 2025 has history-making potential as the Trump administration seeks to understand, support, and adopt digital assets.
