PANews reported on January 9 that according to Jinshi, Reuters reported last week, citing unnamed sources, that the cryptocurrency industry has been lobbying Trump to issue an executive order within his first 100 days in office to establish a U.S. Bitcoin reserve, ensure that the industry has access to banking services, and create a cryptocurrency advisory committee. The report also said that the industry expects at least one order to be issued on January 20.
One analyst told MarketWatch that Bitcoin could rise to a new all-time high of more than $125,000 in the first quarter of this year, or it could fall to $77,000 — the key being whether Trump follows through on his promises to the cryptocurrency industry soon after taking office, including that he would make the U.S. the “crypto capital of the internet” and the “bitcoin superpower of the world.”
