Retail investors are flocking to cryptocurrencies as anticipation builds for a potential pro-crypto administration under Donald Trump. Experts predict significant market volatility and potential long-term gains, particularly in altcoins and 'American' cryptocurrencies like XRP.
"Retail investors looking for opportunities as a new pro-crypto administration gets ready to roll in," Alexander Blume, CEO of the adviser firm Two Prime Digital Assets, told CNBC."The Trump administration is a rising tide that will lift all boats in crypto, and altcoins are seeing some early gains from this."
"The first 50 days of Trump's presidency will determine bitcoin's trajectory in 2025," said Gracy Chen, CEO of crypto exchange Bitget."The crypto market's expectations for his inauguration and first steps as president are extremely high, which is confirmed by the sensitivity of crypto market prices to statements and appointments made by him in the fourth quarter of 2024.
Another thing driving the action in small-cap cryptocurrencies is the possibility that the government's"expected strategic reserve may include other 'American' cryptocurrencies," like XRP and the "This is unlikely, it comes as a surprise and is fueling speculators to buy the coins," he said."The best long-term value for investors will still be in bitcoin."
Trump has also promised to establish favorable regulation to encourage domestic"made in the USA" bitcoin mining and launch a strategic national bitcoin stockpile.
CRYPTOCURRENCY INVESTORS TRUMP ADMINISTRATION ALTCOINS REGULATION
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