Cryptocurrency Industry Urges Trump For Executive Orders On Bitcoin

According to Odaily, the cryptocurrency sector has been lobbying for former President Donald Trump to issue executive orders within his first 100 days in office. The proposed orders aim to establish a U.S. Bitcoin reserve, ensure access to banking services for the industry, and create a cryptocurrency advisory committee. The report, which cites unnamed sources, suggests that at least one order is expected to be issued by January 20. An analyst informed MarketWatch that Bitcoin could reach a historic high of over $125,000 in the first quarter of this year or potentially fall to $77,000. The outcome largely depends on whether Trump fulfills his promises to the cryptocurrency industry soon after taking office. These promises include transforming the U.S. into the "internet cryptocurrency capital" and a "global Bitcoin superpower."