Trump proposes Bitcoin reserve, new regulations, appoints pro-crypto regulators, fueling investor enthusiasm.

From Zacks Investment Research: 2025-01-24 16:44:25

Bitcoin experienced a volatile start to the year, falling 9.5% in three days but has since rebounded, surging 14% as of Jan. 21. President Trump proposed a strategic Bitcoin reserve and new regulations, leading to the formation of a SEC cryptocurrency task force. The task force aims to establish clear guidelines and registration pathways for digital assets, fueling investor enthusiasm. Trump’s administration has appointed pro-crypto regulators, signaling a positive future for digital assets. The recent decline of the dollar has further boosted the crypto boom, making ETFs like IBIT, GBTC, FBTC, ARKB, and BITB attractive investment options for investors looking to capitalize on the digital currency trend.



Read more at Zacks Investment Research: Trump-Era Crypto Reforms Underway: ETFs to Consider – January 24, 2025