Bitcoin price surged to a new all-time high near $110,000 just hours before Donald Trump was inaugurated as the 47th president of the United States.
This historic rally follows the cryptocurrency market’s sharp momentum after Trump’s electoral victory in November 2024. Market observers have linked the price surge to speculation about possible regulatory reforms and policies that could favor the crypto industry under Trump’s administration.
Blockchain analysis firm IntoTheBlock pointed out that the milestone meant 100% of Bitcoin holders are once again in profit. It added:
“The last time this level was breached was in November 2024, when Bitcoin moved from 70k to $108k in roughly a month.”
Although Bitcoin later dipped to $104,000, according to CoinMarketCap data, the milestone highlights market optimism about the new administration’s potential to shape a crypto-friendly environment.
So, investors remain hopeful about strategic initiatives that could bolster the digital asset sector during Trump’s tenure.
Trump’s Inaugural Speech
Despite the market’s excitement, Trump’s inaugural speech made no mention of cryptocurrency or blockchain technology.
Instead, his administration’s initial focus appears rooted in traditional priorities like energy independence, border security, and government reforms.
Although these policy directions do not directly address digital assets, some aspects—such as promoting economic growth and enhancing consumer freedom—could indirectly benefit the cryptocurrency sector.
Meanwhile, speculation is rife that the administration might later explore initiatives like Bitcoin mining incentives or measures to harness blockchain technology in economic policies.
For now, the crypto community remains in wait-and-see mode, keeping an eye on whether early optimism will translate into tangible action from Washington.
Celebrating Trump With Bitcoin
While Trump avoided discussing crypto during his inauguration, World Liberty Financial (WLFI), a decentralized finance platform linked to the Trump family, made headlines with significant crypto investments.
Blockchain analytical firm Arkham Intelligence reported that WLFI acquired $47 million worth of Bitcoin and Ethereum each. According to the firm:
“TRUMP’S WORLD LIBERTY FI BOUGHT $47M OF BTC AND $47M OF ETH TO CELEBRATE HIS INAUGURATION AS 47TH PRESIDENT OF THE UNITED STATES OF AMERICA.”
Additional data from SpotOnChain added that the platform diversified by purchasing $4.7 million in assets like LINK, AAVE, TRX, and ENA, pushing its total portfolio valuation to over $322 million.
These developments occurred as WLFI’s ongoing token presale garnered strong attention. As of January 20, the platform announced that it had sold 20% of its token supply, raising over $300 million. To meet overwhelming demand, an additional 5% of tokens have been made available for interested investors.
