Trump is going to be the 47th US President whether his haters like it or not 😀. But as a crypto enthusiast, all of that politics may not really concern you. What should matter is his support for crypto, which has positively influenced coins like Bitcoin, which reached a new all-time high of around $103,000 on December 5, 2024.
But as Trump resumes office on January 20, 2025, some experts believe we’ve still not scratched the surface of how high crypto gains will go due to his administration’s influence. Which coins are more likely to feel Trump’s impact the most in 2025? Let’s look at them in this article.
Bitcoin (BTC)
During his campaign, Trump promised to “make Bitcoin great again” and make the United States “the Bitcoin capital of the world.” Obviously, as the world’s largest cryptocurrency, Bitcoin is one crypto that will benefit from the developments in the US.
For instance, there are speculations that there will be a change in the leadership of the US Securities and Exchange Commission (SEC) after the current Chair, Gary Gensler, leaves office in January.
Plus, Paul Atkins, a pro-crypto businessman, has been nominated by Trump to take over. With a crypto-friendly leader at the helm of affairs, we could see lenient crypto laws that would boost investors’ and traders’ interest in Bitcoin. There’s even a positive Bitcoin price prediction of $150,000 by 2025.
Besides, Trump promised to make the US the Bitcoin mining capital of the world. This will potentially cause an increased demand for BTC among retail and institutional investors looking to profit from mining activities.
Considering that the Bitcoin price was around $70K before Trump won and has crossed $100K at the time of writing, there’s a massive potential for the coin to reach new highs after Trump resumes office.
Ethereum (ETH)
Ethereum is the second largest cryptocurrency. But while Bitcoin is the most popular, many investors choose Ethereum for its various use cases. For instance, the Ethereum blockchain hosts thousands of developers and decentralized apps (dApps).
The blockchain also supports non-fungible tokens (NFTs) and decentralized finance (DeFi) features like staking. So, investors will look to it to diversify their portfolios and leverage its massive ecosystem.
The signs are already showing. The Ethereum price is nearing the $4,000 zone as of the time of writing, with analysts predicting that it will cross its 2021 all-time high price of around $4,700 before the end of 2024.
XRP
If any coin pulled the hardest comeback this year, it would be XRP. Following a year of deep lows due to various issues, especially the case between Ripple (the company behind XRP) and the SEC, XRP got a massive bounce in November.
For context, the XRP price increased by around 370% between early November and December 2024, making it one of the best-performing cryptocurrencies of the year. But experts still believe there’s more to come, especially if the Ripple vs SEC case is dropped and friendlier crypto regulations are implemented by the new SEC Chair.
There’s also a request for the approval of spot XRP exchange-traded funds (ETFs) that will push it to the traditional finance markets and potentially boost its price if the SEC approves the ETF.
Dogecoin (DOGE)
You already know Dogecoin as the biggest meme coin out there. But did you know that the Trump administration named a government agency after it? Okay, maybe not quite 🌚. But here’s the tea.
Elon Musk came up with the idea of the US having a Department of Government Efficiency (DOGE) to tackle mismanagement of funds by government officials and boost its overall workrate.
After his victory at the polls, Donald Trump took no time in announcing that it would be launched. While there are no direct links between Dogecoin and the agency, the DOGE price has been positively impacted.
DOGE went up by over 160% between November and December 2024. But with Elon Musk being among the co-leads of the US DOGE, experts believe that Dogecoin is set for big moves in 2025. Remember that Elon was once a major influencer for the coin and his Tesla company accepts only DOGE for payments.
Cardano (ADA)
Cardano is another coin that could benefit from Trump’s administration from 2025. The Cardano price went up by over 260% between November and December 2024. Like Dogecoin, experts believe its pump is not limited to the shouts of a new altcoin season coming.
The Cardano project also benefits from its association with the incoming administration. The Cardano CEO, Charles Hoskinson is American, and rumours say he is likely to become Trump’s crypto advisor. The possibility made Cardano attractive to traders and investors.
Plus, there’s also likely to be a spot Cardano ETF approval in 2025.
Final Thoughts – Is It a Good Time to Buy Cryptocurrencies?
The crypto market positively reacted to Trump’s win, with Bitcoin hitting an all time high of over $103,000 and most altcoins experiencing bullish trends. Trump’s pro-crypto policies could also drive further adoption and change the regulatory system. The signs indicate it might be a good time to buy crypto on Quidax and make some profits.
But as always, you should consider the risks before buying or investing in crypto. Coin prices can swing either way, so research properly before dipping your feet in the crypto waters. #WAGMI.
Disclaimer: This content may cause extreme FOMO (Fear of Missing Out). Side effects of investing include sudden wealth (or, you know, the opposite 😢).
Please do your own research (DYOR) or speak to your financial advisor before making any decisions.
