US President Donald Trump might have offered Bitcoin its subsequent bullish narrative.
Trump’s media firm, Trump Media & Expertise Group (DJT), has utilized for a trademark for a Bitcoin exchange-traded fund, referred to as Fact.Fi Bitcoin Plus ETF.
Contemplating Trump’s recognition, particularly amongst American conservatives, his ETF might drive important capital into Bitcoin.
As such, BTC’s resilience has impressed consultants, particularly contemplating broader market uncertainty. There’s a rising consensus the most important crypto asset is nearing a significant upside transfer, suggesting it might be time to go lengthy on it.
Meme cash like Dogecoin and Solaxy are additionally in excessive demand.
Why Donald Trump’s ETF Is Extraordinarily Bullish For Bitcoin?
Donald Trump’s ETF announcement didn’t end in any main transfer for Bitcoin. The tepid worth motion seems largely as a result of false impression that the Fact.Fi Bitcoin Plus ETF wouldn’t appeal to any appreciable quantity of capital.
In spite of everything, the present Bitcoin ETF area is dominated by two main gamers, BlackRock and Constancy. The remaining ETFs, together with Grayscale, see sparse inflows.
Nevertheless, this thought course of excludes Donald Trump’s recognition, particularly amongst American conservatives and the MAGA inhabitants. Trump’s NFT assortment, meme coin, golden sneakers and watches have all been hits, regardless of largely being with none worth.
It wouldn’t be a shock if the Fact.Fi Bitcoin Plus ETF sees appreciable inflows and attracts a signification portion of the sidelined mainstream inhabitants
Furthermore, the transfer highlights the seriousness of Donald Trump’s help for Bitcoin and the crypto market, contemplating the ETF would imply he has actual stakes within the trade’s success. This bodes properly for the potential of a Strategic Bitcoin Reserve creation.
Trump’s crypto czar, David Sacks, additionally hinted that Trump is dedicated to the creation of a Bitcoin stockpile.
Treasury Secretary Scott Bessent additionally acknowledged, “Every thing is on the desk with Bitcoin”, probably a touch in the direction of the US authorities investing in BTC by means of the newly-created Sovereign Wealth Fund.
The Strategic Bitcoin Reserve and SWF funding into BTC are equally bullish for the crypto market and will ship the Bitcoin worth to $200,000.
As such, sensible cash buyers are impressed with Bitcoin’s resilience. The most important cryptocurrency is buying and selling inside an ascending wedge, which indicators that the BTC worth might hit $120k within the coming weeks.
Are Meme Cash Additionally Making A Comeback?
The meme coin sector has had a poor begin to the yr. Its market capitalization, which was as excessive as $127 billion final yr, is now all the way down to $71 billion.
Nevertheless, consultants imagine that the underside might be in for meme cash.
For example, outstanding crypto analysts imagine the Dogecoin worth is nearing a breakout and will hit a brand new all-time excessive in 2025 Q1. Equally, the Sui meme coin HIPPO can also be set for a bullish reversal.
A brand new meme coin Solaxy (SOLX) can also be in excessive demand, having already raised practically $20 million in its presale.
Solaxy is a multi-chain meme coin, permitting each Ethereum and Solana consumers to ape in early, which explains its robust demand and high-upside potential. Most significantly, it’s a high-utility meme coin which might play a key position within the Solana ecosystem.
Whereas Solana manufacturers itself as a extremely scalable blockchain, it struggles with community congestion and transaction failure in periods of heavy visitors. With Solaxy’s cutting-edge roll-up structure, it might understand its full potential.
Layer-2 cash are usually seen as beta bets on their respective Layer-1s. Contemplating consultants imagine the Solana worth will seemingly hit $500 in 2025, the robust demand for SOLX isn’t a shock.
Contemplating its low market cap, many are even calling it the subsequent 100x meme coin.
Go to Solaxy Presale