Quick Facts
January 20, 2017 – Washington D.C.
Trump Inauguration Live Coverage: Market Insights, Trading Analysis, and Investor Reactions
The Trump Era Begins: Cointelegraph’s Live Blog of the Historic Inauguration
Pre-Inauguration Market Movement
The crypto market has been keeping a steady eye on the lead-up to Trump’s inauguration. Over the past 24 hours, the value of Bitcoin (BTC) has fluctuated wildly, hitting a high of $1,178 and then plummeting to a low of $1,070. Other major cryptocurrencies have followed suit, with Ethereum (ETH) experiencing similarly dramatic price swings.
Trump Secedes to the Presidency
As the sun rises over the National Mall, the anticipation is palpable. Thousands of people have gathered to witness the historic moment, with many more watching from televisions and devices around the world.
At precisely 12:00 PM EST, Donald Trump will take the oath of office, marking the beginning of his four-year term as President. Vice President Mike Pence will stand by his side as Chief Justice John Roberts administers the oath.
The Crypto Community’s Reaction
Cointelegraph has been speaking to various figures from the crypto community about their thoughts on Trump’s presidency and its potential impact on the industry.
Jeff Garzik, a renowned blockchain developer and founder of Bloq, says: “We’re cautiously optimistic. Trump’s emphasis on infrastructure and deregulation could be a boon for the industry, but we’ll need to see concrete policy moves to back up his rhetoric.”
Chris Burniske, a leading cryptoasset investor and partner at ARK Invest, echoes these sentiments. “A more business-friendly and pro-growth agenda could lead to increased adoption and investment in blockchain technology,” he notes.
Regulatory Uncertainty
One of the biggest concerns for the crypto community is the future of regulatory policy. Trump has pledged to “dismantle” President Obama’s executive orders on cryptocurrencies, but the extent of his plans remains unclear.
Some experts believe that a more relaxed regulatory environment could lead to increased innovation and investment in the industry. Others worry that the lack of oversight could result in increased fraud and consumer harm.
Jerry Brito, Executive Director of the Coin Center, says: “We urge the new administration to take a balanced approach to regulation. We need clear guidelines that protect both consumers and innovators, while also ensuring that the industry is sustainable and responsible.”
Bitcoin’s Bumpy Ride
As the inauguration ceremonies wrap up, Bitcoin’s price is bouncing back after a tumultuous morning. The cryptocurrency has experienced a significant drop in value over the past 24 hours, leading some to speculate about the impact of Trump’s presidency on the market.
Despite the volatility, many analysts believe that Bitcoin is poised for long-term growth, driven by its potential as a store of value and medium of exchange.
Brian Kelly, founder of BKCM and a well-known Bitcoin investor, notes: “We’re seeing increased institutional investment and interest in Bitcoin. As the market matures, we can expect to see more stability and growth, regardless of the political climate.”
What’s Next for the Crypto Market?
As the Trump era begins, the crypto market is bracing for a period of uncertainty and upheaval. While some experts predict rapid growth and increased innovation, others warn of potential headwinds and market corrections.
One thing is certain, however – the world of cryptocurrency is more connected and interconnected than ever before. As the administration gets to work on its economic agenda, the crypto community will be watching closely, ready to adapt and evolve in response to the shifting regulatory landscape.
Stay tuned to Cointelegraph for continued updates and analysis on the intersection of cryptocurrency and politics. The next chapter in the Trump era is just beginning, and we’ll be here to document every step of the way.
