Economist Alex Krüger, who has a large following, predicts that President Donald Trump’s positive stance on cryptocurrency will have a significant impact on the industry.
Sharing his thoughts with his 201,600 followers on the social media platform X, Krüger believes that the current US administration’s efforts to establish clear regulations for crypto will lead to increased adoption of digital assets.
He envisions new and innovative use cases emerging in the crypto space due to the endorsement of the President and a favorable regulatory environment:
- Institutional adoption: Banks, Fortune 500 companies, and government agencies are expected to start utilizing blockchain technology for payments and tokenization.
- Legitimacy for retail: The general public, who may currently view crypto as risky or a scam, will likely have a more positive perception of it.
- Global ripple effect: Other countries may follow the US in aligning their crypto policies.
- Explosion of Innovation: Regulatory clarity will encourage developers and entrepreneurs to create new applications without fear of legal issues.
Krüger also believes that the ongoing Bitcoin bull market will continue, as market participants may not fully grasp the magnitude of the changes happening:
“Zero chance this is priced in on week one… Change is just too big. We can’t even know what it will bring.”
As of the time of writing, Bitcoin is trading at $104,653.
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