Today brought several major updates that highlight the growing interest in cryptocurrencies and blockchain technology, as well as changes in the approach of key players and the U.S. government towards digital assets. Let’s look at the key events that may impact the development of the crypto industry.
1. Trump at the World Economic Forum in Davos: The U.S. Will Become the Center of AI and Cryptocurrencies
At the World Economic Forum in Davos, Donald Trump made an important statement that highlights the U.S. intention to take a leading position in the fields of technology and digital assets. He stated:
> “The U.S. will become the center of artificial intelligence and cryptocurrencies.”
This statement confirms the growing interest in blockchain technologies and digital assets in the U.S. In the global competition for leadership in IT sectors, Trump is clearly emphasizing that the U.S. government is aiming to strengthen its position in these rapidly growing areas. This is further supported by various initiatives aimed at developing national strategies and improving cryptocurrency regulation.
2. Trump Signs Executive Order to Create National Crypto Reserve and Working Group
A significant step was Trump’s signing of an executive order to establish a national crypto reserve. This order also includes the creation of a working group for cryptocurrencies, which will focus on developing industry regulations. The working group will focus on several key areas:
– Developing stablecoin regulations.
– Supporting and advancing U.S. leadership in the cryptocurrency industry.
– Forming and managing the crypto reserve.
This decision signals a strategic approach to cryptocurrency development in the U.S. and active government participation in creating a framework for safe digital asset usage and circulation.
3. SEC Repeals SAB 121 Rule: Banks Can Now Hold Cryptocurrencies
Another key update was the SEC’s decision to repeal the SAB 121 rule, which previously limited banks and companies from holding cryptocurrency on their balance sheets. Now, financial institutions are legally allowed to hold digital assets, marking a major step toward recognizing cryptocurrencies as legitimate financial instruments.
This repeal means that banks and financial institutions can now actively participate in cryptocurrency transactions by offering storage and asset management services. It also opens up new possibilities for integrating cryptocurrencies into the traditional financial system, which may lead to increased trust from investors and users.
4. Larry Fink, CEO of BlackRock: BTC Could Reach $700,000
Larry Fink, CEO of the world’s largest investment company **BlackRock**, shared an ambitious prediction for Bitcoin in an interview with Bloomberg. He stated that if investors, including both individuals and institutional organizations, allocate 2% to 5% of their portfolios to Bitcoin, its price could reach $700,000.
> “This week I met with representatives of a major sovereign fund where we discussed whether to allocate 2% or 5% of our portfolio to Bitcoin. If everyone did the same, its price could easily reach $500,000, $600,000, or even $700,000,” said Fink.
This forecast highlights the growing interest of institutional investors in Bitcoin as a stable and promising financial asset. With the increasing number of ETFs and other investment products that allow exposure to cryptocurrencies, Fink’s predictions may materialize in the future.
5. Solana Sets New Record: DEX Trading Volume > $200 Billion
Solana, one of the fastest-growing blockchains in the crypto world, has reached a significant milestone. The blockchain has become the first to have monthly DEX trading volumes surpassing $200 billion. This figure reflects Solana’s growing popularity among traders and DeFi users.
The rising activity on DEX platforms indicates that users are increasingly opting for decentralized platforms for trading and exchanging assets. Solana, with its high speed and low fees, continues to attract attention from developers and investors, which could play a crucial role in its continued success.
Conclusion
Trump’s statements on the development of cryptocurrencies and AI in the U.S., the SEC’s repeal of banking restrictions, and Solana’s new records all signal strong bullish indicators for the crypto market. Technological advancements and support from major players like BlackRock and the U.S. government continue to strengthen the cryptocurrency industry, opening new opportunities for investors and users.
We may be entering a super cycle driven by Trump, which could break the previous market model. However, it’s clear that diversifying across both stablecoins and volatile cryptocurrencies remains a prudent strategy.
