Bitcoin Surges After Trump’s Election Victory: Could Crypto Regulations Ease in 2025?
Islamabad:Following Donald Trump’s victory in the presidential elections last November, the price of Bitcoin soared, surpassing $80,000 immediately after the election results were announced. Within days, the price surged past $90,000, and within a month, it crossed the $100,000 mark.
According to international media reports, the sharp increase in the value of the digital currency was largely attributed to Trump’s campaign promise to lift restrictions on cryptocurrencies. During the election campaign, he had assured his supporters that he would relax the regulatory constraints on crypto assets.
A month after his victory, when Trump announced his cabinet nominations, he appointed *Pal Atkins* as the head of the Securities and Exchange Commission (SEC). Atkins is believed to be in favor of easing the regulatory restrictions on cryptocurrencies. This development further fueled the surge in Bitcoin’s value, pushing its price above $100,000 in December.
Jeffrey Kendrick, Head of Global Digital Assets Research at Standard Chartered, commented that positive regulations related to the recovery of cryptocurrencies could emerge in 2025, which may allow banks to offer cryptocurrency services.
It is worth noting that during his first term as president, Donald Trump had called Bitcoin a “scam,” but during his recent campaign, he positioned himself as a “crypto champion.” He even pledged that, if re-elected, he would transform the United States into the “crypto capital of the world.”
With Trump’s election win and potential regulatory shifts on the horizon, the cryptocurrency market is watching closely to see how U.S. policies evolve in the coming years, especially in regard to digital currencies like Bitcoin.
