Trump’s ‘America First Priorities’ does not include any mention of crypto, BTC.
US President Donald Trump outlined his administration's “first priorities for America” on January 20, but none of them mentioned cryptocurrencies or the strategic holdings of bitcoin.
According to a White House briefing, Trump's priorities include public safety, increasing capacity through energy independence, reforming the government bureaucracy and restoring “American values.”
Despite Trump's pro-crypto campaign promises, digital assets are not listed in his agenda. Still, industry observers see crypto in its second term.
Earlier in the day, crypto markets were bullish on speculation that Trump would sign an executive order establishing a strategic bitcoin reserve. Even if no such executive order were issued on Jan. 20, analysts at Polymarket still believe there is roughly a one-in-three chance of the strategic reserve being created within Trump's first 100 days in office.
Speculators on Kalshi are betting that it is more likely to form a strategic bitcoin reserve this year. Source: Kalshi
On competitive betting market Kalshi, punters say there is a 60% chance of a strategic Bitcoin stockpile this calendar year.
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A wild weekend for crypto
The crypto market has experienced high volatility in the past 72 hours since Trump launched his own memecoin on the Solana blockchain, drawing both praise and criticism from the crypto community.
The official Trump (TRUMP) memecoin rose more than 490% in the first 24 hours of trading on January 18, becoming an overnight top-30 mark. According to CoinGecko, the total market capitalization of the TRUMP token has reached $11 billion.
Bitcoin (BTC) prices also hit new all-time highs leading up to Trump's inauguration, briefly trading above $109,000. Since then, the price of BTC has adjusted to around $104,000.
Despite the intraday volatility, Bitcoin has rallied nearly 50% on Trump's election in November. 5. The Rally was triggered by the expectations that the incoming administration will lead to a golden age for crypto favorable policies and a sign of more political legitimacy.
Follow Cointelegraph's live blog of Trump's inauguration on January 20.
Related: US Dollar vs Crypto: Is Trump Backing the Greenback?
