One of the most famous pre-election ideas of Donald Trump was the possible creation of a national Bitcoin reserve in the US. It involves recognising the first cryptocurrency as a strategically important asset and accumulating one million BTC.

According to the proposed bill, these coins should be stored in government accounts without movement for twenty years. The exception will be exceptions except for the sale of crypto to pay part of the country’s public debt.

What will happen to cryptocurrency in the future?

Eric Trump shared his views on what is happening in an interview with CNBC reporters ahead of his speech at the Abu Dhabi cryptoconference. He stated that blockchain technology can fulfil all the functions of modern banking systems with more noticeable efficiency.

Here’s a rejoinder on the matter, as quoted by Cointelegraph.

If you live in America and you want to take out a loan to buy a house, it takes you 90 days. How the hell does it take 90 days? By the way, by the time the process is over, the house will have already been sold, and that’s how you can miss out on your dream. There is nothing in blockchain that can’t be done better, faster, significantly cheaper and without paperwork.

Trump said his father “understands that every country in the world” is aware of the development of the cryptocurrency industry in one form or another. And if the U.S. doesn’t start leading the way in regulating crypto startups, the country risks being left far behind in this race.

Eric Trump with his father Donald Trump

Recall that it was at the behest of Donald Trump that dozens of candidates supporting the cryptocurrency industry took seats in Congress.

Some leaders of the sphere have already called the renewed composition of Congress the most loyal to the industry in history. Moreover, in this case, it should lead to more favourable conditions for the niche.

Eric Trump confirmed that he expects transparent and reasonable regulation of the industry to appear soon. This will benefit the US economy and at the same time attract new talent to launch new projects and thus contribute to the development of the niche. He continues.

We will have a clear roadmap. Hopefully, the rest of the world will follow. We will be able to set an example, because that’s what we should do as Americans. I want to believe that we will truly become the cryptocurrency superpower of the world.

During his speech at the conference, Trump said he has no doubt Bitcoin will grow to a million dollars. Here is the relevant video from our channel.

Eric also said that Tesla and SpaceX CEO Ilon Musk will play a big role in the president’s new administration. The billionaire will take charge of running a special department that oversees the efficiency of government spending.

In the original, the acronym of the newly created agency sounds like D.O.G.E., which is an obvious reference to the ticker of the popular “dog” meme token. Ilon Musk actively supported the popularisation of Dogecoin during the previous bullrun in 2021, with him now also commenting on the topic from time to time.

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In turn, active US government action will lead to a new round of bull rally. However, traders will still have the opportunity to “buy crypto cheaper” – this opinion was voiced by Daniel Chong, co-founder of Syncracy Capital. Here’s his rejoinder.

Intra-month volatility will be present, but market pullbacks are likely to take much longer, giving plenty of willing traders the opportunity to buy assets at a lower price.

Bitcoin’s value changes over the week

Chong added that during this cycle, traders have turned to “short-term” trading, “constantly looking to lock in profits.” Over the past 24 hours, the total capitalisation of the crypto market has fallen by an estimated 5 percent to the $3.62 trillion mark.

That said, Chong said that “picking a time to make successful market predictions is extremely difficult right now.” He continues.

In previous cycles, participants have largely adopted the mentality of holding crypto long and buying on pullbacks. The reality is that timing the market is extremely difficult to determine. And since so many people think they can call a trend peak right now, it leads me to believe that the market is in for a much longer bullrun this time around compared to expectations.


Experienced crypto investors reiterate that usually coin market peaks occur at times when most are not expecting it. Still, in such cases, crypto appreciates too sharply due to the influx of new investors. And then it seems that the growth will continue almost forever.


Cryptocurrency market collapse

Bitfinex analysts said that in the near future Bitcoin price corrections are unlikely to be as deep as last week’s 10 per cent drop. The selling pressure has eased considerably after the cryptocurrency’s first jump above the six-figure mark.

Well, exchange-traded funds continue to record net inflows of capital. For example, spot Bitcoin-ETFs recorded $483.6 million in net inflows on Monday, while Efirium instruments attracted $149.7 million.

Capital flows in spot Bitcoin-ETFs in the US


Supporting the cryptocurrency industry has been an important part of Donald Trump's election campaign. As such, his son's support for the niche seems like a logical extension of what is happening - as well as the continued approval of an adequate regulatory framework for digital assets.


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