Donald Trump, elected as President in 2024, issued an executive order on March 7, 2025, to create a Bitcoin Strategic Reserve, significantly affecting Bitcoin prices and market dynamics.
This executive action highlights the administration’s commitment to cryptocurrency, leading to notable market optimism and fears over potential regulation changes affecting Bitcoin’s price trajectory.
Trump Establishes Strategic National Bitcoin Reserve
President Trump, following his election, initiated a “strategic national Bitcoin reserve” with the aim to bolster the cryptocurrency. The executive order, signed on March 7, 2025, marks a pivotal moment in his administration’s crypto policy.
The order aims to legitimize Bitcoin within national economic strategy. While the identity of Trump’s “Crypto Czar” remains unclear, this move reflects a broader strategy to enhance Bitcoin’s adoption across U.S. fiscal policy fronts. “Bitcoin is set to reach $200,000 by the end of 2025, reflecting the growing institutional interest and market dynamics.” – Geoffrey Kendrick, Head of Digital Asset Research, Standard Chartered.
Bitcoin Prices Rise Following Presidential Endorsement
Market responses have been overwhelmingly positive, with Bitcoin experiencing a rise in price. Traders anticipate further increases, viewing the administration’s actions as a solid endorsement of digital currency’s future role in the economy.
Geoffrey Kendrick from Standard Chartered predicts a $200,000 Bitcoin value by the year’s end. Historical price trends suggest that administration endorsements can lead to sustained bullish markets in cryptocurrency trading circles.
Political Backing Mirrors 2017 Bitcoin Rally Impact
Similar to past monetary policy decisions, such as the 2017 Bitcoin rally, the current initiative under President Trump aligns with broader market support for cryptocurrency. Institutional backing typically correlates with substantial price growth.
Experts from Kanalcoin highlight that such political backing could reinforce Bitcoin’s acceptance as a global currency standard, comparing it with fluctuating patterns following major regulatory changes in the past. Future waves might sustain this upward trajectory.
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