After President Trump’s inauguration, the price of Bitcoin is on the rise, as markets await Trump’s expected crypto executive order and the FOMC.
President Trump proposes a new executive order every day. Actuallyhe has issued decrees like a factory assembly, but crypto remains the only uninvited guest to the party.
Bitcoin also took center stage at Davos 2025, as tempers ran high over its role in shaping the future economy. Trump’s decidedly pro-crypto stance has sparked a ripple effect of arguments, so is a Bitcoin hoard still going to happen?
New decree: Bitcoin’s role as a reserve asset faces criticism
While crypto faithful have applauded Trump’s bullish approach to Bitcoin, many world leaders don’t think it’s a good idea.
In Davos, Switzerland, at the World Economic Forum, the president of the South African central bank, Lesetja Kganyago, shot it down with the finesse of a seasoned skeptic. Sharing a panel with some of the biggest names in crypto, he scoffed at the idea of Bitcoin in national reserves. “Gold was the gold standard. Bitcoin now? What’s next? Platinum? Or a strategic reserve of apples and beef?
South Africa’s central bank governor scoffs at the idea of a strategic Bitcoin reserve, asking: “Why not a strategic beef reserve?” Why not a stash of apples? Why Bitcoin?!”
Brian Armstrong responds: pic.twitter.com/36LXDUxP5g
-Sam Callahan (@samcallah) January 21, 2025
Kganyago minced no words when discussing what he called creeping “regulatory capture” of the industry, a thinly veiled attack on lobbying efforts. “If money controls the rules, regulation fails,” he said, warning governments against letting cryptocurrencies hijack impartiality.
On the other hand, Coinbase’s Brian Armstrong struck a hopeful tone. He praised Trump’s decisive move toward crypto mainstreaming, calling it a monumental moment. “When the largest economy on the planet publicly supports crypto, you can’t underestimate the impact,” Armstrong said. He called Trump’s goal of creating a Bitcoin reserve a bold but achievable step.
Bitcoin Strategic Reserve Executive Order Sparks Debate
Trump’s speech in favor of a Bitcoin reserve has reverberated in financial circles. Announced during his 2024 campaign, the plan presents Bitcoin as a modern counterpart to gold in America’s strategic reserves – a radical bet on overhauling traditional finance.
Although his inaugural speech completely ignored cryptography, rumors from those around him insist that the project is far from abandoned. “Bitcoin reserve projects are alive and well,” Coinbase CEO Brian Armstrong told the crowd in Davos, sparking further speculation about when the idea could come to life.
But the crypto world remains divided. Some hail Trump’s influence for breathing new life into the market, while skeptics point out the dangers of speculation and question the ethics of government interference in decentralized assets. With pro-crypto officials now occupying key regulatory roles and a growing appetite for blockchain innovation, the Trump administration could turn the whole table.
Trump Crypto Influence 2025 Gains Ground
The Davos debates clearly showed one thing: the influence of cryptocurrencies on global finance is not a passing phase.
Trump’s pro-crypto policies are already reshaping the narrative, but it remains to be seen whether they will spark the industry’s next meteoric rise or hit the wall of resistance.
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