Source: Trump is expected to issue at least one encryption executive order on his first day in office

Cryptocurrency industry bigwigs supported Trump's 2024 presidential campaign and now have high hopes for crypto-friendly policies. According to Reuters, citing unnamed sources, the cryptocurrency industry has been lobbying Trump to issue an executive order within his first 100 days in office to establish a U.S. Bitcoin reserve, ensure the industry has access to banking services, and create a cryptocurrency advisory committee. The industry expects at least one order to be issued on January 20. One analyst said that Bitcoin could rise to an all-time high of more than $125,000 in the first quarter of this year, or it could fall to $77,000 - the key lies in whether Trump will fulfill his promises to the cryptocurrency industry soon after taking office. These promises include that he will make the United States the "Internet cryptocurrency capital" and the "world's bitcoin superpower." (Marketwatch)