Trump will be inaugurated as the President of the United States on January 20, and now it has entered the countdown stage, with only 17 days left.
He will give a speech at the Capital One Arena in downtown Washington, DC in the early morning of January 20, 2025 Beijing time. This is a large public speech before he is sworn in.
The market began to expect whether Trump would mention Bitcoin and cryptocurrency in such an informal occasion.
Now, the main driving force of the crypto market is still emotion, and the biggest source of this emotion is Trump's power transfer.
If the US election is the first wave, the power transfer is the second wave, and then Trump's commitment to the cryptocurrency industry is the third wave.
As long as there is no economic recession in 2025, Bitcoin may have a long-term bull market similar to gold in the four years of Trump's administration.
After Trump takes office, once the Bitcoin Strategic Reserve Act is passed, many countries will follow suit. There are only 21 million bitcoins, and 3.7 million may have been permanently lost. In the future, there may be only 6 million bitcoins left for ordinary investors.
If sovereign funds from various countries follow suit in the future, supply and demand will drive the price of Bitcoin to continue to rise, and it is only a matter of time before Bitcoin reaches $1 million.
In the next 5-10 years, Bitcoin is likely to have a chance of more than 10 times, 10-15 times in 10 years, and 50-150 times in 20 years. It is very difficult to outperform Bitcoin in the long run.
For ordinary people, as long as they hold 0.1 Bitcoin, they have the opportunity to reach A7, and holding one Bitcoin has the opportunity to achieve A8, while large investors can reach A9 by holding 10 Bitcoins.#BTC