Bitcoin Price Tests $100,000 Following Trump’s Inauguration Speech
The anticipated U.S. strategic bitcoin reserve will be delayed, as President Trump did not address the topic in his inauguration speech.
- GOP congressional priorities report omitted bitcoin and crypto.
- Bitcoin price fell to around $100,000 from a high of over $109,000 during the speech.
- Trump appointed David Sacks as "A.I. & Crypto Czar" and Paul Atkins to lead the SEC.
- Concerns arose from Trump's launch of a memecoin, criticized even by his supporters.
- Polymarket betting odds for a bitcoin reserve creation in Trump's first 100 days dropped to 45% from 60% earlier.