Bitcoin's recent rally has faced challenges due to a strong dollar and uncertainties surrounding President-elect Trump's tariff plans, leading to its worst weekly performance. While short-term turbulence is expected, long-term structural support for Bitcoin and digital assets remains intact, despite potential delays in pro-crypto legislation as Congress prioritizes other issues.
As Donald Trump's inauguration approaches, expectations for immediate changes to crypto regulations may be premature, according to NYDIG's Greg Cipolaro. Key appointments and legislative processes will take time, with pressing issues like geopolitical conflicts and the budget potentially delaying crypto initiatives. While some positive signs exist regarding Trump's picks for financial agencies, the full impact on crypto policy remains uncertain.
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