As Bitcoin stands at $97,630, down around 0.13% over the past 24 hours with a market cap of $1.93 trillion, market participants are closely monitoring the cryptocurrency’s trajectory. Recent developments in regulatory clarity, institutional adoption, and political shifts are shaping Bitcoin’s future, with some analysts projecting new highs in 2025.

Trump’s Impact on Bitcoin’s Growth

Donald Trump’s re-election in November has significantly influenced BTC’s rally. Previously a critic of cryptocurrencies, Trump has shifted gears, calling for the U.S. to become “the crypto capital of the planet.”

His administration has nominated Paul Atkins, a well-known crypto advocate, as SEC Chair, fostering optimism for favorable regulatory changes.

With discussions of a potential strategic BTC reserve circulating in Washington, the U.S. government’s backing of Bitcoin could further bolster its market position.

Pieran Maru, a fund manager at Liontrust, notes, “The incoming Trump administration could create the most crypto-friendly environment in the world, setting the stage for exponential growth.”

The potential for U.S. government involvement in Bitcoin is seen as a game-changer, likely to encourage broader adoption and stabilize its position as a globally recognized asset.