After months of Trump promising various things and getting involved with crypto, even as far as getting endorsed by Elon musk himself who is also a popular name within the crypto realm, He has now won so let us talk what could happen in the next 4 years with Trump as president.
First of all, it is guaranteed that the SEC chair will be replaced by a new one. Trump has said that he will fire Gary Gensler if elected. The question now would be, who would replace him? Surely the SEC chair that will replace Gensler is someone who has the same plans for bitcoin and crypto as Trump. We will definitely see less restrictions within the crypto market which would lead to more innovations.
Trump hopes to make bitcoin as the country's reserve and treat it like a national gold reserve. If this were to happen, countries that are already holding bitcoin will find themselves at an advantage while countries without bitcoin might scramble to keep up.
Bitcoin or crypto transactions will be taxed less. This can definitely boost more interest in crypto especially in the US. Trump hopes to make the US as a bitcoin capital and gaining interest from other countries due to their bitcoin friendly policies could lead to that.
Of course, these things can only happen if Mr. President actually follows through his words but if he does do the things he has said,
where do you see bitcoin, specifically in the US, 4 years from now? Well first thing we notice is Bitcoin reached its new ATH. But we cannot conclude yet what's possible next thing to happen especially Trump didn't create a law that can boost the popularity and demand of bitcoin.
So let see if Trump would ever mentioned bitcoin at earliest days of his Presidency since provably that we can say something that bitcoin would provably get a great boost this year. But things seems doing alright as many people project positive outcome with bitcoin on Trumps term so hopefully we can see more better figures.
Holders also El Salvador government is so lucky for believing bitcoin will have a great future since right now they already see that future is bright with bitcoin and for sure they are earning huge figures with it now and more in future.