FX168 Financial News Agency (Asia Pacific) According to the latest statistics from Watcher.Guru, Trump won the 2024 presidential election, and the cryptocurrency market saw an inflow of over 200 billion dollars in a single day on Wednesday, November 7th. Well-known financial market writer Yashu Gola predicts that three important policies of Trump will drive the price of Bitcoin to surpass $100,000 in 2025. #LatestBitcoinNews#

(Source: Twitter)

After Trump defeated Democratic opponent Kamala Harris in the US presidential election, Bitcoin hit a new high of about $76,400. #USPresidentialElection#

(Source: FXEmpire)

The vigorous development of cryptocurrencies benefits from Trump's statements as he vows to make the USA the global capital of cryptocurrencies. He promises to introduce cryptocurrency-friendly policies, a stark contrast to the tough stance of the current Biden administration towards the crypto industry.

At least three of Trump's policies could drive the price of Bitcoin to surpass the $0.1 million mark in 2025:

Include bitcoin in the U.S. Department of the Treasury.

Shortly after winning his second term as president, Trump's close aide, Senator Cynthia Lummis, proposed establishing a global strategy bitcoin reserve for the USA.

"We will create a global strategy bitcoin reserve," she wrote.

The newly elected Trump-Vance government may issue an executive order instructing the U.S. Department of the Treasury to allocate special funds to purchase bitcoin, considering it as a strategic asset. This is similar to the strategic oil reserve management under the leadership of Biden, who approved the release of 0.18 billion barrels of oil in 2022 to curb fuel price increases.

The U.S. government views bitcoin as a strategic asset and actively hoards it, which will strongly prove that bitcoin, like gold, has value storage functions. This move may encourage other countries, as well as global institutions and retail investors, to consider similar reserves, further tightening supply and driving the price of bitcoin to $0.1 million in 2025.

Dismiss the Chairman of the U.S. Securities and Exchange Commission.

Under the leadership of SEC Chairman Gary Gensler, the institution has adopted strict regulatory measures for cryptos, focusing on securities law enforcement in the crypto market.

In recent years, Gensler's crackdown has angered the crypto industry, as reflected in Trump's speech at the Bitcoin 2024 conference in July. Trump promised to replace him with someone more crypto-friendly on the 'first day in office,' potentially creating a more favorable regulatory environment for crypto companies and investors.

Changes in the leadership of the US Securities and Exchange Commission may result in less strict enforcement actions, a faster approval process for bitcoin spot ETFs, and clearer guidance for participants in the crypto market. The current regulatory uncertainty felt by participants in the crypto market may decrease, thereby encouraging more capital to flow into bitcoin and related assets.

Cryptocurrency mining policies

The Trump administration may encourage or regulate cryptocurrency mining activities, with a focus on making the USA a global leader in the field. This may involve incentive measures, such as tax breaks or more favorable regulations for mining operations, provided that mining meets environmental standards.

If miners benefit from tax incentives, lower energy costs, or other regulatory advantages, their operating costs will decrease. This can reduce the urgent need to sell mined bitcoins to cover costs.

In turn, miners can hold bitcoin for a longer period, reducing market selling pressure and causing the price of bitcoin to rise to $100,000 or above by 2025.