Widely followed economist Alex Krüger believes President Donald Trump’s pro-Crypto stance will massively shake up the digital asset industry.
Krüger tells his 201,600 followers on the social media platform
According to the economist, the scene is being set for Crypto to witness the emergence of new and creative use cases.
“The approval of the President of the United States and a clear and friendly regulatory environment will generate seismic changes in the crypto industry.
– Institutional adoption: Banks, Fortune 500 companies and government agencies will begin using blockchains for payments and tokenization efforts.
– Retail Legitimacy: The general public, who currently view Crypto as risky or perhaps even a scam, will begin to view Crypto more positively.
– Global ripple effect: other countries could follow suit, aiming to align their policies with the US
– Explosion of Innovation: Regulatory Clarity will encourage developers and entrepreneurs to build without fear of lawsuits or shutdowns, leading to new applications. ”
Krüger also thinks Bitcoin’s (BTC) crypto bull market is likely to continue as he believes market participants are not seeing the bigger picture.
“Zero chance this is priced in week one… change is just too big. We can’t even know what it will bring. “
At the time of writing, Bitcoin is trading at $104,653.
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