Bitcoin Surges Past $100,000 as Trump's Crypto Action Looms

Bitcoin, the world's leading cryptocurrency, has soared past the $100,000 milestone, fueled by anticipation of possible early action on crypto by President-elect Donald Trump. As the inauguration approaches on January 20, investors are eagerly awaiting Trump's executive orders, which could significantly impact the crypto market.

The crypto market has been abuzz with speculation about Trump's plans for the industry. Reports suggest that he may issue several crypto-related executive orders on his first day in office, with at least one expected to ignite a bitcoin price surge. Some of the anticipated policies include creating a strategic bitcoin reserve, establishing a crypto council, and addressing crypto de-banking and accounting policies.

Institutional investors have played a significant role in Bitcoin's recent price rally and are expected to continue driving its future growth. The U.S. Securities and Exchange Commission (SEC) approved the sale of spot bitcoin ETFs in January 2025, attracting institutional investors and depositing some $7.35 billion into the 11 different funds available. BlackRock's IBIT has emerged as a dominant player, holding $52.4 billion in Bitcoin.

The anticipated pro-crypto policies from the Trump administration, such as creating a strategic bitcoin reserve and a clearer regulatory framework, could encourage more institutional investment in Bitcoin. This regulatory clarity reduces uncertainty and risks for institutional investors, making it easier for them to participate in the crypto market.

Analysts expect institutional investors to continue driving Bitcoin's growth. H.C. Wainwright, for instance, lifted its bitcoin forecast to $225,000 per coin by the end of 2025, citing the historical price cycles of bitcoin, recent price action, and broad expectations for a more favorable regulatory environment under the incoming Trump administration.

While the crypto market awaits Trump's executive orders, Bitcoin's recent price surge highlights the growing interest and investment in the cryptocurrency. As the market continues to evolve, investors will be watching closely for any signs of regulatory clarity and potential policy changes that could further drive Bitcoin's value.