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Michael Saylor: President-elect Trump Will End The War on Crypto

15 hours ago - Around 2 mins mins to read

Key Points:

  • MicroStrategy CEO Michael Saylor predicts an end to the “war on crypto” under President-elect Trump.
  • Saylor envisions Bitcoin’s market value soaring to $280 trillion, driven by faster adoption and the U.S. potentially adopting it as a reserve asset.
MicroStrategy CEO Michael Saylor is optimistic about the future of cryptocurrencies under the administration of President-elect Trump, hinting at a possible change in policy in the U.S.
Michael Saylor: President-elect Trump Will End The War on Crypto

Read more: Michael Saylor’s MicroStrategy Is Now Added to the Nasdaq 100 Index

Michael Saylor Predicts Pro-Crypto Policies Under President-elect Trump

Saylor recently appeared on CNBC to predict an end to the “war on crypto,” along with the introduction of a clear digital asset framework and pro-business policies.

The MicroStrategy CEO underlined the strategic importance of Bitcoin, which might eventually get adopted as a reserve asset in the U.S. “This is incredibly bullish for digital assets. It’s very good for the crypto industry,” he commented. He projects faster growth for Bitcoin, reaching a $280 trillion asset class with a faster adoption rate than its current annual growth of 20-40%.

Trump’s Crypto Transformation Suggests Industry Shift

Presumptive President-elect Trump has come a long way regarding his views on cryptocurrencies. The one-time loud critic of Bitcoin has now turned out to be the exact opposite of such.

During his re-election, Trump headlined a Bitcoin conference and introduced his crypto project, World Liberty Financial, which received hefty Bitcoin, Ether, and XRP donations from his supporters, including at least one from each of several well-known pro-crypto billionaires.

His campaign also promised to make the U.S. the “crypto capital of the planet,” a dream that has drawn interest from the biggest players in the industry, such as Binance, the world’s largest cryptocurrency exchange, according to Financial Times.

A clear regulatory framework would unleash massive growth in the wider cryptocurrency market, especially tokenized assets such as stablecoins, Saylor says. He believes the market can balloon from its valuation of $100 billion to more than $1 trillion.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin

Donald Trump

Michael Saylor

MicroStrategy

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.