After Donald Trump’s return to politics, the cryptocurrency market experienced notable shifts, partly because Trump adopted a more supportive stance toward crypto than his predecessor. Trump has spoken publicly in favor of Bitcoin and launched his own NFT projects, which has contributed to bullish trends in the crypto market. Analysts have suggested that under Trump’s influence, Bitcoin could potentially rise to significant levels, with projections suggesting as high as $125,000, as his policies might ease regulatory pressures on the industry. This optimism was further fueled by Trump’s criticism of the Securities and Exchange Commission (SEC) under Gary Gensler, whom Trump has considered removing to promote a more crypto-friendly regulatory environment.While Kamala Harris, as a Democratic candidate, was seen as less overtly supportive, some analysts believe she might eventually take a balanced approach toward crypto given her tech connections. However, Trump’s vocal support and his willingness to challenge current regulatory norms made the crypto community largely optimistic about his leadership’s potential impact on market growth.
