USAPositive news continues to come for cryptocurrencies, one of the largest economies in Turkey. But one important indicator reveals that enthusiasm among US investors is low. BloombergAccording to a report published Thursday night, Donald Trump may declare cryptocurrencies a national priority as soon as he takes office. It is also planned to establish an advisory board that will defend the political goals of the cryptocurrency industry. Strategic Bitcoin on Trump’s first day in office $101,851.7 It is also expected that he will announce a presidential decree supporting the creation of the reserve.
A New Era in Cryptocurrency Regulations in the USA
Trump, who had a distant attitude towards cryptocurrencies before the election, election campaign He expressed his support for the sector during the process. This created hope for easier regulations and widespread use of cryptocurrencies.
Trump’s cryptocurrencyIts positive approach towards cryptocurrencies largely contrasts with the tough stance of the Joe Biden administration towards cryptocurrencies. During the Biden era, various institutions in the USA imposed more than 100 sanctions on the cryptocurrency sector. Trump’s promise to change this approach created excitement in the industry.
However, the expected movement in the market has not been observed yet. coinbaseThe price of Bitcoin in is still low compared to Binance, one of the leading exchanges in the global market. This shows that the demand from US-based investors remains limited.
Bitcoin Price and Expectations of US Investors
Coinbase premium indexAccording to him, fluctuations in Bitcoin’s price reflect the movements of US investors. While the price of Bitcoin rose from 70 thousand dollars to over 108 thousand dollars in November and December, it was seen that this rise was led by US investors.
However, a similar pricing has not been observed in Coinbase recently. This was interpreted as investors wanting to be sure that the Trump administration would fulfill its promises. For this reason, the positive expectations in the market have not been fully reflected in the prices.
price of bitcoin At the time the news was written, it was at the level of 101 thousand 600 dollars. Prices have been hovering between 90 thousand and 108 thousand since mid-December.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
