Strategist: Bitcoin Hits New All-Time High, Opening Room for Further Upside

BlockBeats News, January 20th, according to CNBC, LMAX Market Strategist Joel Kruger stated, "Trump's launch of the Meme coin TRUMP highlights his support for cryptocurrency and indicates that he believes Americans should have the freedom to participate in this emerging asset class."

"There is a rationale here suggesting that giving official recognition to what could be seen as the wildest of crypto assets, a Meme coin, is the best way to convey the U.S. government's support for embracing cryptocurrency and making the U.S. a key player in the space."

On Monday, investors will focus on Trump's inauguration, paying attention to executive orders related to cryptocurrency.

Kruger added that Bitcoin's new record has opened the door to a potential move up to $130,000.