Trump makes the USA the crypto capital: A new boom!

The crypto market has recently experienced a boom under the presidency of Donald Trump. According to a report on finance.net Bitcoin recorded price gains of around 120% last year and reached an all-time high of around $108,268 on December 17, 2024. The Bitcoin price is currently $105,754.45 (as of January 30, 2025). Eric Trump has stated that Trump wants to make the US the “crypto capital of the world” and plans to launch his own meme coin “$TRUMP” on the Solana platform.

The market value of “$TRUMP” initially rose to almost $15 billion, but later fell to $11 billion. Melania Trump also released a meme coin called “$MELANIA,” which has a market value of around $2 billion. Analysts are raising concerns about a possible “pump and dump” scheme involving Trumps Coins. A presidential executive order from Trump has disappointed some crypto supporters as the promised crypto reserve has not yet been established. In contrast to his predecessor Joe Biden, Trump takes a proactive stance towards cryptocurrencies.

Capital inflows into crypto ETFs and market forecasts

After Trump took office, there has been a significant inflow of capital into crypto ETFs. Over $1.76 billion flowed into these funds in the first week, with the BlackRock Bitcoin ETF alone seeing $155.7 million in new investments in 24 hours. Ethereum, on the other hand, fell short of expectations with capital inflows of $139.4 million. Experts interpret the positive signals from the new US government as an indicator of possible tax incentives for the crypto market. Paul Atkins is expected to be the next head of the SEC starting in 2026, sparking optimism in the industry.

According to a report by coinpedia.org Trump's stance on cryptocurrencies has shifted from initial criticism to support. While Trump described Bitcoin and other cryptocurrencies as non-monetary and highly volatile in 2019, he has shown a positive interest in blockchain technology since 2021. In his 2024 presidential campaign, he promised to promote blockchain innovation and relax regulations. In 2025, Trump could become known as the “first crypto president.”

His crypto portfolio has now reached a total value of $15.8 million, up from $1.3 million in January 2024. Major assets include TROG Tokens, Trump Coins and Ethereum, with the portfolio growing by $2.7 million in January 2025. “$TRUMP”’s market cap reached over $9 billion in two days, while “$MELANIA” quickly reached a market cap of around $810 million. Concerns about potential conflicts of interest and market speculation were also raised, particularly with regard to the launch of “$TRUMP” and “$MELANIA”.