President Trump becomes the 47th president of the USA. And it’s game on for crypto.

The Trump administration’s pro-cryptocurrency stance is sending seismic ripples through the crypto industry. This pivot promises not just regulatory clarity but a full-fledged embrace of digital assets, positioning the United States as a potential leader in the global blockchain revolution.

From bold regulatory reforms to fostering innovation through advisory councils, the administration’s pro-crypto agenda signals a dramatic shift from prior government policies. 

This moment could very well be a new dawn for cryptocurrency—and Bitcoin is already reaping the benefits.

A New SEC Era: Crypto-Friendly Leadership

The appointment of Paul Atkins, a prominent advocate for digital assets, as SEC Chair marks a strategic shift. Known for his progressive views on cryptocurrencies, Atkins is expected to transform the SEC into a more crypto-friendly body. 

This represents a clean break from the Biden admin’s hostile crypto policies and enforcement actions. 

Not only has the administration pledged to overhaul regulatory frameworks, but it has also vowed to resolve enforcement actions that have stymied blockchain innovation.

The proposed guidelines for classifying digital currencies as securities aim to reduce confusion and enable projects to thrive without fear of sudden regulatory crackdowns. 

Such clarity could catalyze a surge in crypto-focused innovation, with the U.S. regaining its competitive edge in blockchain technology.

Bitcoin as a Federal Strategic Reserve?

Perhaps the most groundbreaking proposal is the creation of a federal Bitcoin reserve. 

By legitimizing Bitcoin as a national asset, the administration is signaling its belief in Bitcoin’s role as “digital gold.” This step could elevate Bitcoin’s status globally, making it an integral part of sovereign wealth strategies.

The administration’s proposal for a 0% tax rate on U.S.-based crypto transactions further underscores its commitment to fostering domestic crypto activity. This policy could make the United States a haven for blockchain entrepreneurs and investors.

Bitcoin’s Rally: Market Reactions to Policy Optimism

The market’s response to Trump’s crypto policies has been swift and dramatic. Bitcoin surged past the $100,000 mark all the way up to $109,110, buoyed by optimism around regulatory reforms. 

The entire crypto market is riding this wave, with traders and institutions alike eyeing the U.S. as a leader in global crypto adoption.

Bitcoin’s Technical Outlook: Bullish Signals Abound

As of the time of this writing, January 20, 2025, Bitcoin (BTC/USD) is trading at $106,508.20, reflecting a 5.28% daily gain. Here’s a breakdown of the technical analysis that confirms Bitcoin’s bullish trajectory:

  1. Moving Averages:
    • The price sits well above the 50-day Simple Moving Average (SMA) ($97,391.98), 100-day SMA ($86,533.14), and 200-day SMA ($73,804.11), underscoring robust momentum.
  2. Indicators and Oscillators:
    • 14-day RSI (Relative Strength Index): At 65.56, signaling healthy bullish momentum without nearing overbought conditions.
    • MACD (Moving Average Convergence Divergence): A strong value of 809.62 underscores a continuation of the bullish trend.
    • ADX (Average Directional Index): At 16.83, this indicates a strengthening trend.
  3. Support and Resistance Levels:
    • Immediate resistance: $106,140.00
    • Key support: $99,356.10

Bitcoin’s rise reflects optimism not only in U.S. policy shifts but also its intrinsic resilience. With a 144.99% increase from its yearly low, Bitcoin is capturing investor attention like never before.

A Pro-Crypto Council: Bridging Industry and Government

Aiming to institutionalize crypto collaboration, the Trump administration has unveiled a new advisory council featuring industry heavyweights like David Sacks as “crypto czar” and Bo Hines as executive director of the Presidential Council of Advisers for Digital Assets. 

This initiative promises to strengthen ties between policymakers and innovators, fostering an ecosystem where blockchain can flourish.

Why This Matters

The Trump administration’s crypto pivot is more than a political statement—it’s a rallying cry for financial sovereignty and technological progress. 

By embracing Bitcoin and blockchain, the administration is positioning the United States to lead in the next digital revolution. This policy shift could fundamentally reshape the global crypto landscape, offering both challenges and unprecedented opportunities.

For crypto enthusiasts and investors, now is the time to engage. Whether through Bitcoin or emerging altcoins, the winds of change are here—and they’re blowing bullish.

MichaelHeadshot
Michael Hearne

I’m a serial entrepreneur, and I’ve spent the last 15 years taking companies to new levels, breaking the boundaries of innovation, and triumphing over adversity. My wife, Victoria, and I started our first business in a 2-bed/1-bath apartment with 4 kids, next to a crackhouse. We pushed through setbacks and failures to lift our family out of poverty. Along the way, I’ve learned that my struggles make me stronger. And that being the best version of me is the greatest contribution I can give to the world. It makes me a better husband, and father. It improves my health, energy, and my capacity to serve others. And it has allowed me to build businesses that make the world a better place. Today, I work for passion, to make a difference, and solve real problems in the real world through my business ventures. This little site is where I share the things I’ve learned, and am still learning, on my journey.