According to a post by Coin Bureau, President Trump’s new national security strategy mentions AI, biotech, and quantum computing, but left out crypto and blockchain. While some crypto enthusiasts are taken by surprise, given Trump’s pro-crypto stance, others are not very worried.
Why Did President Trump Leave Out Crypto?
President Trump’s exclusion of cryptocurrencies and blockchain technology may play a much larger role. Many have highlighted that national security involves hard tech, and crypto inclines more towards the finance industry. Trump’s exclusion of crypto does not mean that he is moving away from his love for the budding industry. In fact, one of the first executive orders signed by the President was to establish a digital asset reserve for the US.
Also Read: Trump Coin Market Cap Slips To 93rd Rank: No Recovery in Sight?
On the other hand, the cryptocurrency market continues to face substantial resistance. Bitcoin (BTC) is struggling to breach past the $91,000 mark, and other assets are also showing signs of consolidation. The market does seem to be showing signs of entering a long crypto winter.
Will The Market Recover Soon?
The cryptocurrency market’s recent crash and current lackluster performance could be due to macroeconomic uncertainties. However, there is a high chance that the Federal Reserve will roll out another interest rate cut later this week. Another rate cut could trigger a market-wide bull run.
Moreover, Grayscale recently stated that they believe Bitcoin (BTC) could hit a new all-time high in 2026. The financial institution presented a new thesis that claims that Bitcoin (BTC) may be following a 5-year cycle. If true, the original cryptocurrency may climb to a new peak in 2026, five years after the 2021 peak. If BTC hits a new all-time high, other assets will likely follow its trajectory.
ETF inflows are also expected to increase over the coming weeks. ETF inflows have been a key driver this cycle. Increased inflows could lead to another bullish leg for the cryptocurrency market.