Given Trump's pro-business stance and his promises regarding regulatory reform, many investors are questioning whether now is the right time to invest in cryptocurrency. Let's explore four reasons to invest in cryptocurrency before Trump's inauguration—and three reasons to hold off.
Justifications for Investing in Cryptocurrency
Promised Regulatory Clarity
Under Trump's administration, the U.S. government is expected to adopt a more favorable attitude toward cryptocurrencies, with supportive legislators emerging in Congress. The departure of Gary Gensler from the SEC and the potential appointment of Paul Atkins, a known advocate for cryptocurrencies, could alleviate regulatory pressure on the industry.
Market Momentum
Following Trump's election victory, Bitcoin's price surged significantly, reflecting market momentum that may persist throughout his presidency. Institutional interest in Bitcoin has increased after the approval of spot exchange-traded funds in early 2024. Earlier this month, Bitcoin surpassed the $100,000 mark for the first time, marking a long-awaited milestone for the market.