On January 20, Donald J. Trump officially took oath as the 47th president of the U.S., but the crypto world is calling him the first Bitcoin president.
For the first time in the history of U.S. elections, the topic of crypto has been a center of attraction. From their campaign to his speech, Trump has endorsed cryptocurrencies like Bitcoin everywhere. During his speech at the Nashville Bitcoin Conference, he vowed to create a Bitcoin Reserve, sparking a rally for the biggest cryptocurrency and helping it break a psychological level of $100,000 mark.
Now, when Trump officially holds the throne of the most powerful nation in the world, here’s how the crypto world and leaders react.
New Ear Begins: Changpeng Zhao
Former CEO of Binance, Changpeng Zhao called Donald Trump’s inauguration ceremony the beginning of a ‘new era’. Last year, CZ was sentenced to four months in prison in April 2024 for breaching US anti-money laundering laws. After serving a sentence, He was released from prison in September 2024.
A new era begins.
— CZ 🔶 BNB (@cz_binance) January 20, 2025
Under the hostile government, Binance faced regulatory scrutiny in the U.S., including the SEC’s lawsuit for selling unregistered securities to U.S. investors. Under Trump’s new administration, crypto enterprises like Binance are expecting clear and crypto-friendly regulatory frameworks. It will help these crypto innovations to grow and expand their business.
We have become part of history: Justin Sun
Justin Sun, the founder of TRON, has responded on Donald Trump’s DeFi platform, World Liberty Financial’s latest investment. On the inauguration day, WLFI acquired different cryptocurrencies, including TRX, LINK, AAVE, and Wrapped Bitcoin.
美国第47任总统，特朗普上任第一天购买了470万美元的波场币TRX，我们成为了历史的一部分！ 🫡 pic.twitter.com/Ncw0fB1N1M
— H.E. Justin Sun 🍌 (@justinsuntron) January 20, 2025
Justin Sun is the key advisor of WLFI as he invested $30 million in the project, providing a significant liquidity booster. Now while the project is acquiring TRX tokens, it seems like Justin Sun’s bet is finally paying him off.
Future is Bright: Michael Saylor
Michael Saylor, the founder of the biggest Bitcoin holdings company, MicroStrategy shared an image on X, saying the future is bright. Michael Saylor has always been bullish about Bitcoin as the firm rapidly increasing the Bitcoin pile.
The Future is ₿right pic.twitter.com/OV5kYSyJQ8
— Michael Saylor⚡️ (@saylor) January 20, 2025
MicroStrategy owns 450,000 bitcoins as of Jan. 13, 2025. MicroStrategy revealed the average purchase price as $62,473.01 USD per bitcoin with a total cost of $27.954 billion USD.
Also Read: Will Trump’s Inauguration Ignite a Bull Run for These Politifi Coins?
Source: https://www.cryptonewsz.com/us-gets-first-bitcoin-president-crypto-leaders/