PANews reported on January 3 that according to Jinshi, investors seeking a continuation of the bull market in cryptocurrencies will pay close attention to any regulatory changes in 2025 and whether Trump's promises to the crypto industry will be realized. Sean Farrell, head of digital assets at Fundstrat, said in a telephone interview: "The first 100 days of Trump's term will be very, very important." Politicians and analysts often use the "first 100 days" as a measure of the efficiency and influence of the incoming US president.
Investors will be watching to see if Trump follows through on his promise to build a strategic Bitcoin reserve in the U.S., though the incoming president has yet to detail any specific plans. Crypto industry participants will also be looking for clear guidelines on which cryptocurrencies should be classified as securities, said Alex Thorn, head of company-wide research at crypto asset management firm Galaxy Digital. Investors will also be watching for any changes to the SAB121 bill, which establishes accounting standards for companies that custody cryptocurrencies, requiring public companies, including banks, to recognize the cryptocurrencies they custody as liabilities on their balance sheets.
Meanwhile, investors will be watching closely to see whether the Fed will slash its key policy rate in 2025 after officials signaled on Dec. 18 that they may cut rates less next year than previously expected. The Fed’s rate decisions and their impact on the economy can be drivers for all risk assets.
