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Bitcoin is going through a rough patch and keeping a low profile at $92K today. The recent event of the DOJ’s court approval to sell Bitcoin is creating a panic in the market raising liquidity problems in the coming weeks. Many see this as a politically driven move by Biden to suppress Bitcoin and create roadblocks on Trump’s crypto policies. Yet there are some positive factors let’s dive into what’s driving the crypto market in 2025.
Analyst’s Take on Trump’s Pro-Crypto Picks
However, with Trump’s inauguration date coming closer, some volatility is expected. Under Donald Trump’s administration, the future of cryptocurrency looks promising says Anthony Scaramucci forecasting significant pro-crypto moves. Scaramucci, a former White House communications director, crypto market in 2025 will see a new pro-crypto governance and it will be in favor of Bitcoin at large under Trump’s rule. Biden’s administration has suppressed crypto assets for long.
He has high hopes with Trump as he believes that in the first 100 days, he will introduce a Bitcoin Strategic Reserve to build investor confidence in the US government and to keep his Bitcoin followers happy. It will be a positive change for the entire industry.Â
Scaramucci’s optimism is rooted in the pro-Bitcoin appointments of key figures within the Trump administration, including Paul Atkins at the SEC and Eric Trump, who has shown strong support for Bitcoin. He sees Paul Atkins as a crucial player in reworking SEC policies to better align with the needs of the crypto industry, focusing on fair and transparent regulations.
Meanwhile, David Sacks is expected to play an advisory role, helping the administration prioritize the most important crypto-related initiatives, such as real-world asset tokenization, and ensuring the U.S. remains a leader in the global crypto market.
Though he is not very sure about Bitcoin Reserve plans he sees it as a good move that can boost adoption as it will provide them with certain stability in the market.
Bitcoin Price Outlook
Looking ahead to 2025, Scaramucci remains bullish on Bitcoin’s long-term prospects, despite its inherent volatility. He predicts that Bitcoin could reach $200,000 by the end of the year, though he acknowledges the potential for fluctuations along the way.
Drawing a comparison to the early days of the internet, Scaramucci sees Bitcoin as still in its early stages, with only 5-6% market saturation, suggesting that widespread adoption and technological advancements will drive exponential growth in the coming years.
However, he also sees the current crash as a distraction and a potential buying opportunity to stick to the long term. Scaramucci believes that, much like the internet, Bitcoin will mature and become more integrated into daily life, leading to substantial value creation.
Overall, while short-term Bitcoin price fluctuations are expected, the long-term outlook for Bitcoin and the broader crypto industry remains highly optimistic. Since there will be more clarity and financial freedom in the market the investors are longing for a decade of crypto launch.
