Trump's Crypto Endorsement: Seismic Changes Ahead

Economist Alex Krüger Says President Trump’s Crypto Endorsement To Generate ‘Seismic’ Changes – Here’s How

President Trump's recent executive order on digital assets has sparked significant interest and debate within the crypto community. Economist Alex Krüger has weighed in on the potential impact of the order, suggesting that it could generate "seismic" changes in the crypto market. Here's a closer look at the possible implications of Trump's endorsement and how it could shape the future of cryptocurrencies.

Trump's executive order, signed on January 23, tasked a working group with developing strategies to position the U.S. as a leader in the digital asset space. The order also included an evaluation of a "strategic national digital assets stockpile," which has sparked debate within the crypto community. While some, like Ripple, have supported a multi-coin reserve approach, others remain skeptical about the best path forward.

Bitcoin's price momentum has hit a snag following the Trump administration's recent executive order on digital assets. Instead of announcing a Bitcoin-specific Strategic Reserve, the administration proposed a broader evaluation of a "strategic national digital assets stockpile." This decision has led to skepticism among traders and analysts, with many questioning the immediate market impact.

Traders were expecting concrete actions, not vague promises, and the market is now making it clear that hype alone isn't enough to drive lasting impact. While Bitcoin's price has seen historic highs in recent months, reaching $105,100 as of January 25, it remains 3.8% below its all-time high of just over $109,000. The lack of a Bitcoin-specific reserve announcement has caused some traders to hit the brakes on their bullish outlook.

The executive order, while signaling the government's growing interest in digital assets, highlights the divide between hype and action. For now, Bitcoin's traders appear to be in a holding pattern, awaiting actionable steps to translate government interest into tangible market drivers. Whether this initiative will serve as a stepping stone or a missed opportunity remains to be seen.

The latest executive order removed regulatory hurdles for crypto, positioning digital assets such as iDEGEN for impressive growth in the upcoming sessions. Unclear regulations have dented the crypto market over the past years, but Trump's executive order priorit