Matrixport stated that candidates for the positions of heads of the Treasury and the Securities and Exchange Commission (SEC) are perceived by the market as individuals capable of closely linking the country to the DeFi market.
"Although establishing clear rules may be expected, the digitization of the financial economy in the USA could make DeFi crypto applications the biggest winners. This shift will push authorities in other countries to adopt new assets, accelerating their global adoption," representatives of Matrixport explained.
Bitcoin may give way to the popularity of decentralized coins, and then a "DeFi renaissance" will occur — the traditional finance industry will more frequently integrate blockchains and decentralized applications into its payment systems to enhance efficiency, analysts stated.
At the same time, experts noted the attractiveness of Bitcoin against the backdrop of economic uncertainty in the USA and the calls from part of the team of newly elected President Donald Trump to reduce the budget deficit and create a strategic reserve of the first cryptocurrency. Even if American authorities refuse to actively purchase Bitcoins, they will retain the existing BTC reserves for a long time, which will keep the Bitcoin rate at a high level, suggested Matrixport.
Earlier, Matrixport stated that the trading volume of Bitcoins reached $145 billion in a day. Such an increase in volumes can be seen as an important bullish indicator, analysts believe.
