- Donald Trump‘s administration plans multiple Bitcoin-related executive orders for January 20, including addressing de-banking concerns.
- Bitcoin Price has approached $97,000 following favorable U.S. inflation data.
- Standard Chartered Bank maintains $200,000 bitcoin price target for end-2025.
- Potential repeal of SEC’s SAB121 accounting policy could remove barriers for institutional bitcoin adoption.
- MicroStrategy‘s Michael Saylor predicts bitcoin could reach $5 million if three key catalysts align.
Bitcoin Surges Near $100,000 as Trump’s Crypto Executive Orders Loom
The cryptocurrency market has experienced a significant upturn, with bitcoin approaching $97,000 following positive U.S. inflation data and anticipation of pro-crypto executive orders from the incoming Trump administration.
Trump’s Day-One Crypto Agenda
Donald Trump is reportedly preparing multiple cryptocurrency-focused executive orders for his first day back in office. According to sources cited in the Washington Post, these orders will address controversial policies including the alleged "Operation ChokePoint 2.0" and the SEC’s cryptocurrency accounting requirements.
Marc Andreessen, co-founder of venture capital firm a16z, has emerged as a key figure working with Trump’s team on cryptocurrency policy. The collaboration includes input from David Sacks, who serves as Trump’s cryptocurrency advisor.
Market Response and Price Predictions
Alex Kuptsikevich, FxPro’s chief market analyst, noted: "Bitcoin is currently undergoing a local test as its price surpasses the $97,000 mark. The rally indicates a gradual recovery in risk appetite."
Standard Chartered Bank‘s head of crypto research, Geoff Kendrick, maintains a $200,000 bitcoin price target for end-2025, stating: "We would recommend accumulating longs again as institutional inflows resume under the Trump administration."
Regulatory Reform Impact
The potential repeal of SEC Staff Accounting Bulletin 121 (SAB121) represents a significant regulatory shift. Michael Saylor, CEO of MicroStrategy, has identified this change as one of three catalysts that could drive bitcoin to $5 million.
The cryptocurrency market has already witnessed two of Saylor’s predicted catalysts: the approval of spot bitcoin ETFs, exemplified by BlackRock‘s successful IBIT fund, and the Financial Accounting Standards Board’s adoption of fair value accounting for bitcoin holdings.
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