During his campaign, Donald Trump won over cryptocurrency enthusiasts by affirming his commitment to the sector. His victory had an immediate effect on the market: bitcoin, the flagship crypto-currency, crossed the symbolic $100,000 threshold following the announcement of his victory. Today, in the run-up to his inauguration, BTC has reached an impressive record high of $109,114 (around €105,852).
Momentum driven by Trump's promises
Bitcoin's meteoric rise is largely attributed to Donald Trump's promises, notably that of creating a national bitcoin reserve, further strengthening the credibility of this digital asset. Analysts predict that the cryptocurrency could surpass $110,000 as soon as the inauguration, unless rumors circulating about a possible reserve in USBT, Tether's stablecoin, are confirmed.
In addition to bitcoin, Donald Trump has also launched his own cryptocurrency, the $TRUMP memecoin, which jumped 800% in just one weekend. This initiative testifies to his interest in the sector and his ability to captivate investors and crypto enthusiasts.
Meanwhile, Dogecoin, often associated with Elon Musk, is also attracting attention. Currently valued at $0.38, some are hoping it will reach $1.
As the inauguration approaches, the future of cryptocurrencies seems more uncertain than ever, oscillating between the optimism of presidential promises and the challenges inherent in this highly speculative market.