How bullish is Trump’s win? Here’s what you need to know

For the first time in history, the U.S. will have a pro-crypto president.

Let that sink in for a moment, because the impact this will have is huge. 

When you think about how far this industry has come with an anti-crypto government, it’s very impressive. So when the U.S. has an administration that is actually supportive of crypto and actively encouraging of innovation, it opens up a whole world of potential! 

Whether you love Trump or hate him, this is the result that the crypto industry wanted. 

 We all saw how Trump’s win sent the market skyrocketing. It kickstarted the phase of the bull market that we’ve all been waiting for. We saw Bitcoin smash through its all-time after 7 months of consolidation, creating a perfect storm of bullish sentiment in the market!

Trump appears to have fully embraced crypto, even launching his own DeFi project, World Liberty Financial. If this doesn’t signal the direction things are heading under Trump’s presidency, I don’t know what does.

 Trump has made some bold promises to the crypto community, and if he follows through, the impact on the market could be unprecedented:

1. A revamp of the SEC
   Trump’s pledge to fire SEC Chairman Gary Gensler on his first day in office has many crypto investors excited. The SEC has been aggressively targeting and over-regulating crypto under Gary Gensler’s leadership. Well, we didn’t have to wait for January 20th – Mr. Gensler saw the writing on the wall and has already tendered his resignation as Chair of the SEC.
    
2. A strategic Bitcoin reserve
   Trump has announced plans to establish a national Bitcoin reserve, with the government purchasing and holding Bitcoin as a strategic asset. If the U.S. government begins accumulating Bitcoin, this would likely set off a domino effect where other countries will follow suit.
   
   Can you imagine what a global Bitcoin race could mean for price and adoption worldwide?
    
3. Protection against CBDCs
   Trump has also taken a stand against Central Bank Digital Currencies (CBDCs). Many of us know that CBDC’s open the door to more government control, and the fact that he is against them is particularly bullish. By preventing the rise of CBDCs, Trump is positioning himself as an ally for personal financial sovereignty, he has aligned himself strongly with crypto investors and the core principles of crypto.
    
4. Support for private custody
   One of the foundational principles in the crypto world is private custody – holding and controlling your own crypto outside of centralised platforms. Trump has voiced his support for investors to manage and protect our assets independently.
   
   What does this mean for the average investor? It means that Trump’s position could help shape a more supportive environment for decentralised finance, where people can store their assets on their own terms, free from the limitations and interference of big banks. 

And it doesn’t stop there. Senator Cynthia Lummis has put forth a plan that would see the U.S. government purchasing 1 million BTC over the next five years. Imagine the scarcity and demand this would create? Bitcoin’s supply is capped at 21 million coins, so Government accumulation at this scale would be a game-changer. 

The combination of a supportive government, interest rate cuts, institutional investment from ETFs and growing mainstream interest could trigger an entirely new era for crypto. We’re at a tipping point, and if Trump and his team keep their promises, it will launch crypto into a whole new stratosphere! 

So, could this be the most bullish news yet for crypto?

All signs point to yes.