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Bitcoin popped back up above $100,000 for the first time in weeks late Thursday with President-elect Donald Trump’s inauguration just days away.

VC activity has been subdued for the last two years despite the rally in digital assets, the report said.

This week, a series of bold moves, from states pushing for official crypto reserves to high-stakes Senate battles over document integrity, signal a seismic shift in US crypto policy. All eyes are now on Trump’s audacious plan for a government bitcoin stockpile, a move celebrated at a star-studded DC gala and debated as potentially transformative for the nation’s financial future.

While Bitcoin, the "granddaddy" cryptocurrency, slipped below the six-figure mark, plenty of optimism remains ahead of the incoming Trump administration, which is seen as particularly crypto-friendly. Despite this optimism, some investors are choosing to look elsewhere, unsure of Bitcoin's ability to continue to deliver stellar returns. Many are flocking to alternative cryptocurrencies like XRP (CRYPTO: XRP).

Bitcoin holdings for public U.S.-listed companies have more than doubled since January 2024.

As he assumes the presidency for a second time, Donald Trump brings with him a broad expanse of business relationships and financial entanglements — and the possibility that those associations could influence his decision-making in the White House. Trump's team dismisses such concerns. “President Trump removed himself from his multibillion-dollar real estate empire to run for office and forewent his government salary, becoming the first President to actually lose net worth while serving in the White House,” Trump spokesperson Karoline Leavitt said in a statement.

Bitcoin's price has attracted significant attention, with many analysts predicting substantial growth in 2025.