In less than a week, Donald Trump will officially become the 47th president of the United States at his inauguration. As a habit, newly inaugurated presidents give a speech. That of Donald Trump, whose favorable position on cryptocurrencies is recognized, will be particularly scrutinized by the crypto ecosystem.
Members of the crypto community are wondering: will Donald Trump mention cryptos in his inauguration speech?
On January 20, the eyes of the crypto ecosystem will be on the United Statesand more particularly towards the west facade of the Capitol, in Washington DC Elected by indirect universal suffrage, Donald Trump will become on this date, the 47th president of the countryafter having had a first mandate between 2017 and 2021.
On this occasion, the future president of the United States will give an inauguration speech where he will not fail to set the tone for the 4 years to come. During the electoral campaign and the weeks following his election, Donald Trump has shown himself favorable to cryptocurrenciesmaking several promises aimed at making the United States the leader in the sector.
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This is why part of the crypto community expects the new president mentions cryptocurrencies in his inauguration speech. On the famous decentralized prediction platform Polymarket, over $2 million in crypto bets were carried out in order to guess what terms Donald Trump will use during his speech.
More than $650,000 in cryptocurrencies were bet on the fact that Donald Trump would mention (or not) cryptocurrencies and more particularly Bitcoin (BTC). At the same time, almost $350,000 crypto betting concerns Dogecoin (DOGE).
These are the 2 largest betting volumes in connection with the terms that may be used by Donald Trump during his speech. Currently, only 20% of bettors while the term Bitcoin will be pronounced by the 47th President of the United States on January 20. This figure is falling at 12% regarding memecoin.
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Donald Trump will be expected at the turning point by the crypto ecosystem in the coming months
During the American election campaign, many Polymarket users had fun betting with cryptocurrency on the winner of the presidential elections. In all, $2.5 billion had been bet on the results of these elections. Since then, the craze for the decentralized prediction platform has fallenevidenced by the fall in its monthly volumes.
In addition to his inauguration speech, Donald Trump's first 100 days will be scrutinized with a fine-tooth comb by members of the crypto community. The latter expect that the new president of the United States take drastic measures regarding the cryptocurrency industry and its development.
👉 Trump: New administration could include a position dedicated to cryptocurrencies upon inauguration
In recent weeks, Donald Trump seems to have prepared the ground. He has multiplied the nominations, notably placing Paul Atkins at the head of the Securities and Exchange Commission (SEC) replacing Gary Gensler, whose conservative stance stoked industry hatred.
On a similar note, Donald Trump appointed David Sacks as head of cryptocurrencies and AI at the White House, as well as Bo Hines as head of his council dedicated to cryptos.
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Source: Polymarket
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Surprised by the rise of crypto-assets at the end of the 2010s, I began to closely follow this sector which fascinates me to the greatest extent. When I'm not in football stadiums, rugby stadiums or handball halls, I work on writing relevant articles around cryptocurrencies and more broadly, Web3.
Zacharie Tazrout
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