Analyst: If Trump provides a favorable regulatory environment, Bitcoin could potentially maintain its high position

PANews reported on January 23 that Deutsche Bank analyst Marion Laboure stated in a report that Bitcoin is likely to maintain high levels given Trump's implementation of more favorable regulatory and political environments.

She said, "Although Trump did not sign an executive order on digital assets on the first day, he announced on Tuesday that the U.S. Securities and Exchange Commission will establish a regulatory framework for crypto assets. This is the first step his government has taken towards comprehensive reform of cryptocurrency regulation." She added that Bitcoin could also benefit from the Federal Reserve's loose monetary policy and may see an increase in institutional investors.