Trump's Bitcoin Policies Drive Surge and Volatility in Cryptocurrency Markets

President-elect Donald Trump’s pro-crypto stance and policy proposals have propelled Bitcoin to record highs but introduced new uncertainties.

Bitcoin recently hit an all-time high of $108,000 following Trump’s election but has since experienced its first weekly decline, dropping to around $97,000.
Trump has pledged to establish a U.S. Bitcoin Strategic Reserve, a move aimed at bolstering the dollar and hedging against inflation, though it faces regulatory and legislative hurdles.
The Federal Reserve’s cautious monetary policy and skepticism about holding Bitcoin as a reserve asset have tempered some market optimism.
Trump’s administration is appointing crypto advocates to key regulatory positions, signaling potential shifts toward a more crypto-friendly landscape in 2025.
Institutional interest in Bitcoin is growing, with companies like BlackRock and MicroStrategy endorsing its role as a store of value, despite ongoing concerns about its volatility and speculative nature.