Trump embraced digital assets during his campaign, promising to make the U.S. the "crypto capital of the planet" and to accumulate a national stockpile of bitcoin. The Securities and Exchange Commission, which had long attempted to block ETFs from investing in bitcoin citing investor protection concerns, approved bitcoin and ether ETFs last year.
Bitcoin is establishing a new median around $100,000, according to industry experts. A top mining executive predicts the next major move could see a 40% breakout.