Donald Trump was once against cryptocurrency, to the extent that he called it a scam. However, days before his inauguration on 20th January 2025, he released his own meme coin, which is now worth billions.
This move has shown us Trump’s shift in thinking. He is now embracing cryptocurrencies, and that impact will be seen throughout the crypto world. Below, we’ll look into what to expect in the crypto world after Trump’s inauguration.
A crypto-friendly term
As mentioned earlier, Trump and Melania released meme coins days before their inauguration: the $TRUMP and $MELANIA. These meme coins are not like traditional Ethereum or Bitcoin cryptocurrencies.
They are based on popular internet memes, and they get their value from social media presence. For instance, the $TRUMP coin has an image of Trump’s assassination attempt, which was once popular on social media, like how Netbet sport is in the casino’s field today. In fact, the latest market cap shows that it is now worth billions of dollars.
So, we can conclude that Trump’s and Melania’s move to have meme coins shows their support for digital assets. What’s more, there are currently talks about Trump’s goals to make crypto a national priority.
He aims to create a US crypto reserve and introduce regulations that can make the US a global hub for digital currencies. Therefore, we should expect to see a crypto-friendly administration.
Regulatory changes
There can be regulatory changes in the crypto world after Trump’s inauguration. As stated earlier, there are plans to make the US a global hub for digital currencies. This move may come with some new sets of rules.
But the good news is that Trump seems to be pretty friendly towards crypto. So, there could be incentives to encourage crypto use, such as tax breaks to crypto businesses. Also, industry leaders expect that Trump may allow banks to trade and invest in cryptocurrencies more freely. This can encourage digital assets to be used in financial systems.
Thus, the whole world can benefit from that integration.
Positive market reactions
After the release of the $TRUMP and $MELANIA meme coins, there was an immediate positive market reaction. That is seen in how the coins are worth billions of dollars only days after their release.
So, the market has responded enthusiastically to these changes. What’s more, the price of Bitcoin went past $109,000 just before the inauguration. And, it’s expected to continue rising. This rise in Bitcoin reflects the investor’s attitude about the future of digital assets under Trump’s new term. The effect is not only in America but can also spread to the rest of the world.
In Conclusion
Trump’s presidential inauguration promises a change in the world of cryptocurrency. It’s expected that crypto enthusiasts will have an exciting time. So, people should expect to see favorable regulatory environments and increased use of crypto by banks. Also, digital currencies can become more mainstream. An essential point to remember is that you should stay informed about the current developments in the crypto world.
