Multiple analysts, CEOs and investment fund managers have gone on the record and shared their optimistic views regarding President Trump\u2019s economic agenda. This optimism can clearly be seen in the S&P 500, DOW and QQQ which have gained 1.21%, 0.82% and 2.79%, respectively. A portion of the rebound in equities can also be attributed to investors\u2019 belief that Trump\u2019s initial plan to implement tariffs on multiple countries has cooled.<\/p>\n Following the positive vibes seen across markets, Bitcoin also rallied, gaining 3.8% to reach an intra-day high at $107,240. While BTC (BTC) has failed to eclipse its Jan. 20 all-time high at $109,588, the rebound is likely welcome, especially after anxious investors voiced their disappointment over President Trump making no mention of crypto on Inauguration Day and the absence of an executive order related to a strategic Bitcoin reserve or crypto in general.<\/p>\n Even though Trump may have backtracked on his day 1 promises to the crypto community, many of whom donated millions of dollars to his campaign through lobbies and personal contributions, there was positive news that emerged from the White House on Jan. 21.<\/p>\n As reported by Cointelegraph, The US Securities and Exchange Commission took the first step toward reforming US crypto regulatory policy on Jan. 21 by revealing a new crypto task force purposed to develop a new framework for digital assets. The task force is led by long-time crypto advocate Commissioner Hester Peirce and many investors are already pleased by the appointment of Commissioner Mark Uyeda, who is currently serving as the acting SEC chairman.<\/p>\n Related: <\/strong><\/em>80% of Bitcoin short-term holders back in profit as analyst says ‘FOMO in full swing’<\/strong><\/em><\/p>\n Bitcoin also appeared to react positively to commentary from Bank of America CEO Brian Moynihan who said the banks across the world would happily make crypto payments \u201ca real thing\u201d if regulations provided sufficient clarity to do so.<\/p>\n While interviewing with CNBC at the World Economic Forum in Davos, Switzerland, Moynihan said,<\/p>\n \u201cWe have hundreds of patents on blockchain already, we know how to enter the field.\u201d<\/p><\/blockquote>\n Taken within a wider context, Moynihan\u2019s comments align with Bitwise chief investment officer Matt Hougan who has on multiple occasions predicted that \u201cCorporations buying Bitcoin is a much bigger deal than most people think.\u201d<\/p>\n The three sources of insatiable demand in 2025: Companies, ETFs, and Governments. https:\/\/t.co\/vatSG6wxgF<\/p>\n \u2014 Matt Hougan (@Matt_Hougan) January 6, 2025<\/p><\/blockquote>\n This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n Check other news for today<\/span> and Please stand by..<\/p>\n *********************************<\/p>\n If one of the paying programs on our Monitor appeals to you, please support EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n EN web Support Chat<\/strong> | Hyips and Crypto questions \u2013 HyipChatEN<\/a><\/strong><\/p>\n Telegram Chat for Crypto and Hyip reports: @HyipChatEN<\/a><\/strong><\/p>\n *********************************<\/p>\n Be the first to get most important HYIP news everyday! If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\nBitcoin strategic reserve or not, BTC bounces back<\/strong><\/h2>\n
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