could trump boost bitcoin in the next 4 years?

Here's my take on how the next few years under a Trump presidency could impact the cryptocurrency scene, particularly Bitcoin. After that rally, with Bitcoin soaring almost 40%, it seems like the crypto market is feeling optimistic. Though Bitcoin's pulled back from $100,000, things still look good heading into 2025.

So, what should we expect over the next four years? Will Trump’s presidency push the whole crypto market higher, or will Bitcoin continue to dominate the scene?

A more business-friendly regulatory environment seems likely. For example, SEC chairman Gary Gensler, who’s been seen as not so friendly toward crypto, is stepping down soon. By 2025, we might see big changes, like new laws that modernize the U.S. financial system to better accommodate crypto. The Financial Innovation and Technology for the 21st Century Act is already on the table. If it goes through, we could see the CFTC taking charge over crypto regulation, which would weaken the SEC’s control.

This could be a big win for cryptos that have been battling with the SEC recently, like Cardano and Solana. After the election, platforms like Robinhood relisted them for trading, which might signal a shift in their favor.

Something even more interesting could happen – the U.S. could create a strategic Bitcoin reserve. Think of it like the country’s oil reserve but for Bitcoin. The idea is to build up a massive stockpile that could be used during times of economic instability. If that happens, Bitcoin would gain even more mainstream recognition, with Trump backing it as a key asset in his economic plan. There's even a bill in Congress aiming to get the U.S. government to buy up to 1 million Bitcoins in the next five years.

Other countries like Brazil might follow suit, which could push Bitcoin’s value and credibility even higher globally.

On top of that, new investment products for crypto could start popping up. The launch of Bitcoin ETFs is just the beginning. Expect more ETFs covering not just Bitcoin but other cryptos with smaller market caps. Plus, there are financial products that are already popular internationally, like perpetual futures contracts, which could make their way to the U.S. if the regulatory environment loosens up.

Overall, all these changes could be really positive for crypto, especially Bitcoin. It’s the one crypto that gets the most attention from institutional investors, and if the U.S. builds a Bitcoin reserve, it’ll be a major part of the country's economic strategy. That being said, Bitcoin’s cyclical nature means we might see another market crash along the way, but historically, Bitcoin has bounced back from those crashes stronger than ever. So, it’ll be interesting to see how things play out as we get deeper into this next chapter of the crypto journey.

For those in the prop trading space, or anyone looking for more structure in their approach to the markets, firms like The Trader Funds provide a solid environment to navigate these changes in the crypto world.

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