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 X that the current US administration’s efforts to establish clear rules of the road for crypto will likely spark the next wave of digital asset adoption.
[adinserter block="1"]According to the economist, the scene is being set for crypto to witness the emergence of new and creative use cases.
“The endorsement 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 start using blockchains for payments and tokenization efforts.
– Legitimacy for retail: the general public, who might currently see crypto as risky or even as a scam, will start viewing 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 that the Bitcoin (BTC) crypto bull market will likely continue as he believes market participants are not seeing the bigger picture.
“Zero chance this is priced in on week one… Change is just too big. We can’t even know what it will bring.”
At time of writing, Bitcoin is trading for $104,653.
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