What will happen to Bitcoin in 2025? A thorough explanation of important topics and future prospects

First of all, the factor that is likely to have the greatest impact on the cryptocurrency market in 2025 is the trend in the United States, that is, every move of Trump. For better or worse, it is highly likely that one of his moves will have a major impact on Bitcoin and altcoins.

The reason why the price of Bitcoin and other cryptocurrencies rose after Trump's victory is because he became pro-cryptocurrency. During his first term, Trump was known for taking a skeptical stance toward Bitcoin and many other cryptocurrencies.

At times, he was seen denouncing Bitcoin as "not a currency" and "an entity that encourages crime and fraud." However, after losing the 2020 presidential election, he released his own NFT collection and revealed that he holds a large amount of Ethereum (ETH), increasing his exposure to cryptocurrencies. Then, last year, he finally called Bitcoin a "new form of currency" and made it clear that he would accept it in his administration.

Initially, there was a strong view that Trump's positive stance toward cryptocurrencies was just part of the election campaign. However, with each passing day, this skeptical view is changing, and as Trump's chances of getting serious about cryptocurrency policy increase, the cryptocurrency market's reaction is also changing.

Gradually, the market began to see Trump's victory as the best scenario, and Trump trades began in earnest. In response to this, Trump himself called himself the "Crypto President" and solidified the support of cryptocurrency supporters as he campaigned.

According to the AP VOTECAST, a voting trend survey by the Associated Press, economic policy is cited as a policy that motivated people to vote for Trump. As can be seen from the NY Dow, US stocks have been performing well, mainly in high-tech stocks such as NVDIA, but the gap between low-income and high-income earners is widening due to growing concerns about inflation.

Dissatisfaction with the economic situation is growing, especially among Republican supporters, and support has been garnered for Trump's economic policy, which advocates "America First." On the other hand, Harris voters tended to place importance on policies regarding healthcare, climate change, and racial discrimination.

Although these are all important themes in the increasingly divided United States, the results alone suggest that the public is mainly hoping for a recovery in the economic situation. In parallel with these important policies, Trump has also shown an attitude of quickly promoting the development of an environment for crypto assets.

The cabinet members supporting the Trump administration have also been finalized. Surprisingly, many of them are known to be pro-crypto assets. First of all, it has been revealed that J.D. Vance, who is expected to become vice president, was working last year to prepare a bill to revise digital asset regulations.

The annual report also revealed that as of 2022, he holds between $100,000 and $250,000 worth of Bitcoin. In addition, Robert F. Kennedy Jr., who ran against Trump in the presidential election, was appointed Secretary of Health and Human Services.

Known as a Bitcoin supporter, he has advocated exemptions from capital gains taxes and the inclusion of Bitcoin in assets backed by US dollars and US Treasury bonds. Other names on the list include Secretary of Defense Peter Hegseth and Secretary of Commerce Howard Lutnick, who have made their support for cryptocurrencies and Bitcoin clear.

Scott Bessent and Paul Atkins were selected for the posts of Secretary of the Treasury and SEC Chairman, which are of particular interest to the cryptocurrency industry. Both are known to be pro-cryptocurrency, and Bessent is also the founder of macro investment firm Key Square Group.

In July of last year, he said, "cryptocurrency means freedom," and praised Trump's stance on cryptocurrencies.

Atkins has also served as co-chair of the Chamber of Digital Commerce's Token Alliance since 2017, and is considered a positive person toward cryptocurrencies. He served as an SEC commissioner under former President George W. Bush from 2002 to 2008, and Trump has expressed his trust in him, calling him "a proven leader who will pursue common-sense regulation."

Furthermore, Trump said of Atkins, "I recognize that he is a vital person in making America the greatest country it has ever been through digital assets and other innovations," suggesting that he has high expectations of him.

In addition, Trump has created a special post in the White House specializing in crypto assets for the first time in history. This post will be filled by former PayPal COO David Sachs.

According to Trump, Sachs will lead the Trump administration's policy on AI and crypto assets, and will "ensure the transparency that the crypto industry has been calling for and work to build a legal framework so that crypto assets can thrive in the United States."

In this way, Trump will solidify his cabinet with pro-crypto assets and begin to seriously develop a crypto-related environment in the United States. Therefore, it is likely that Trump's actions, especially immediately after his inauguration as president, will have a strong impact on the crypto asset market, and there will likely be a lot of movement regarding the realization of policies thereafter.