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

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.

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.