Can #BTC really reach 1 million dollars each?
Expectations of the crypto industry for the Trump administration:
The second Trump administration will be inaugurated on January 20, 2025, and the industry is already preparing for this highly anticipated inauguration.
Mining company Hive Digital recently announced it will move its headquarters from Vancouver, Canada to San Antonio, Texas, USA.
The company stated in a December 31 announcement: "The new government under President Trump shows a more Bitcoin-friendly stance."
One of the world's largest financial institutions, Morgan Stanley, is considering adding crypto trading to the list of supported assets on its E-Trade platform.
A spokesperson for the company mentioned that the pro-cryptocurrency rhetoric from the Trump administration is one of the potential driving forces behind the increase in crypto assets on the E-Trade platform.
ARK Invest founder Cathie Wood recently predicted that mergers and acquisitions will increase over the next four years, and she expects Bitcoin's price to reach 1 million dollars by 2030, due to pro-innovation policies and the scarcity of Bitcoin.
The asset management company stated that under the second Trump administration, regulatory easing will create a more business-friendly regulatory environment.