Experts from one of the largest American banks, JPMorgan, said that with the coming to power of the administration of the elected US President Donald Trump, a “new era” is opening for the crypto market.
JPMorgan analysts have suggested that the worst days of regulation are behind the crypto industry. However, the market will not feel the impact of the new policies of the Donald Trump administration until late 2025, the experts said.
“The new administration has not only shown a friendly attitude towards cryptocurrencies, but has demonstrated a willingness to promote this asset class, consulting with U.S. market participants on its development,” bank analysts said.
JPMorgan noted Donald Trump’s willingness to appoint people who are ready to formulate and implement more liberal rules for the cryptocurrency industry. According to the bank’s experts, from a regulatory perspective, the US cryptocurrency ecosystem will become more transparent and productive, allowing it to attract multi-billion dollar investments from investor companies and funds.
Earlier, JPMorgan experts reported that public mining companies began buying bitcoins in reserve, following the example of software developer MicroStrategy, the largest public holder of the first cryptocurrency.
