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Trump has promised to create a strategic nationwide reserve in bitcoin (BTC).
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Latin American firms would profit, predicts Sebastián Serrano.
On Monday, January 20, 2025, Donald Trump will start his second time period as president of the USA of America.
Not like what occurred in his first time period as head of the Government Department, when he mentioned that bitcoin was a rip-off based mostly on the air, now Trump presents himself as a pro-cryptocurrency president.
This modification in perspective ought to be evidenced by concrete actions. Among the many Trump marketing campaign guarantees They embody, for instance, releasing Silk Highway founder Ross Ulbricht; create a strategic nationwide reserve in bitcoin; and promote legal guidelines that favor the cryptocurrency mining business.
For all this, there are nice expectations about what is going to occur to bitcoin and cryptocurrencies beginning tomorrow.
On this regard he spoke Sebastián Serrano, founder and CEO of the Ripio tradewho in a textual content despatched to CriptoNoticias expressed nice optimism. “Donald Trump’s presidency might be historic for crypto,” says the Argentine businessman.
In Serrano’s opinion, “we face a historic occasion, with out presidents”. As he explains, it’s because “with the inauguration of Donald Trump as its president, the USA, one of many fundamental world markets and the undisputed monetary chief of the Western world, might be led by a cryptocurrency fanatic.” ».
For the CEO of Ripio, “having a reference like this in full bull market and with the adoption of cryptocurrencies setting information worldwide retailstate and company, might be the catalyst for a brand new “class leap” for the business.
Serrano is satisfied that the euphoria that was skilled after Donald Trump’s victory (which took bitcoin to new all-time highs in November) “doesn’t evaluate to what might occur when he begins to implement some measures that he has already superior, such because the search of a route extra just like cryptocurrencies for the SEC or that marketing campaign announcement to start forming a BTC reserve fund for the US Treasury.
If Trump stored his guarantees, The impression might prolong past the borders of the USA:
«One thing of that caliber might trigger a contagion impact and generate nice progress in ‘official’ demand for bitcoin in different international locations. The quantity {that a} US Treasury bitcoin reserve can transfer may very well be monumental: the Bitcoin Invoice that handed by way of the Senate in the course of final 12 months, and which may very well be taken as a reference, spoke of a purchase order of 200 thousand bitcoins per 12 months for 5 years, till one million BTC is gathered.
Sebastián Serrano, founder and CEO of Ripio
As a counterweight to a lot optimism, Serrano acknowledges that They’re nonetheless simply guarantees. “We must see how this concept evolves and if it actually turns into efficient, however for now Trump’s alerts in direction of the sector are very clear,” explains the businessman.
Serrano feedback that the truth that there are “an unprecedented variety of pro-crypto legislators within the Home of Representatives and the Senate” will not be a minor factor. All of it will assist Trump to hold out his proposed measures, with a Legislative Department that can accompany him.
On the Latin American degree, the “contagion impact” might additionally profit a whole bunch of firms and regional customers. The CEO of Ripio feedback that “Trump’s imaginative and prescient of decreasing the regulatory burden on cryptocurrencies suggests a potential situation the place they will function with higher freedom and creativity, selling innovation and the event of recent options.” As well as, he explains that in parallel “Argentina, Brazil and different international locations have been decreasing the friction between cryptocurrencies and the normal monetary, financial and political world by way of necessary regulatory advances.”
On this context, Ripio, the corporate based and directed by Serrano, anticipates a situation during which “will probably be less complicated and extra fluid to have the ability to provide new services and products, and every thing will end in a greater expertise for particular person customers and company shoppers.”
