Analyst: The first 100 days of Trump's tenure are very important, and cryptocurrency investors will closely monitor multiple regulatory issues

Investors seeking the continuation of the cryptocurrency bull market will closely monitor any regulatory changes in 2025 and whether Trump's commitments to the crypto industry will be realized. Sean Farrell, head of digital assets at Fundstrat, said in a telephone interview: "The first 100 days of Trump's term will be very, very important." Politicians and analysts often use "the first 100 days" as a standard to measure the efficiency and influence of an incoming US president.

Investors will focus on whether Trump will fulfill his promise to establish strategic Bitcoin reserves in the United States, although this incoming president has not yet detailed any specific plans. Alex Thorn, director of research for Galaxy Digital across all company operations indicated that participants in the crypto industry are also looking for clear guidelines on which cryptocurrencies should be classified as securities. Investors will also pay attention to any changes in SAB121 bill which establishes accounting standards for companies holding cryptocurrencies and requires listed companies including banks to recognize their custodial cryptocurrencies as liabilities on their balance sheets.

Meanwhile, investors will closely watch if Federal Reserve would significantly lower its key policy rate by 2025 after officials hinted last December 18th that next year’s cuts might be less than previously expected. The Fed's interest rate decisions and their impact on economy could become drivers for all risk assets.