Bitcoin (BTC) Could Surge to $150,000 or More as President Donald Trump Takes Pro-Cryptocurrency Stance

Investors should examine the cryptocurrency tailwinds blowing within the U.S. government for clues about where the well-known cryptocurrency could go.

After Donald Trump's pro-cryptocurrency stance during his 2024 presidential campaign, Bitcoin (BTC -0.44%) price hit all-time highs on the political buzz. Now, at $105,000, could Bitcoin continue surging to $150,000 or more?

Investors should examine the cryptocurrency tailwinds blowing within the U.S. government for clues about where the well-known cryptocurrency could go.

Here is what you need to know.

Cryptocurrencies are becoming increasingly popular among the publicIf you're unfamiliar with Bitcoin, the cryptocurrency has been remarkably successful over the past decade due to its counter-inflationary nature. You might consider it a digital version of gold.

It makes sense that cryptocurrency received more attention during this election cycle than before. According to research by The Motley Fool, Americans have become increasingly interested in cryptocurrencies since 2021.

Political momentum is building behind BitcoinOver the summer of 2024, Trump spoke at a Bitcoin conference and suggested the federal government would refrain from selling Bitcoin and other digital assets it seizes. He declared the government's policy would be to hold all seized digital assets instead of auctioning them off.

Promises on the campaign trail are one thing, but legitimate signs of action have emerged since the election.

Trump nominated Scott Bessent for Treasury Secretary. Bessent is a hedge fund manager and a cryptocurrency supporter.

Additionally, Trump's nomination for SEC chair, Paul Atkins, is considered pro-cryptocurrency and will replace (pending confirmation) Gary Gensler, who resigned on Jan. 20. Gensler was a notorious adversary of cryptocurrency who filed multiple lawsuits against companies in the industry.

The incoming personnel group could overhaul the regulatory framework around digital assets. President Trump's recent executive order dictates that those involved with the working group will:

The order also includes evaluating the creation of a national digital asset stockpile.

It's important to note that these developments don't specifically mention Bitcoin. However, Bitcoin is the world's largest digital asset, and the government is rapidly adopting a more friendly attitude toward digital assets. I don't think it's a stretch to make that connection.

A national reserve would be tremendous and potentially drive Bitcoin demand higher. However, the regulatory easing might benefit Bitcoin's long-term price trajectory even more if it leads to more people and businesses using it across the economy.

The idea of a national stockpile is getting attention, but Bitcoin's potential maturation over the next four years could be a game-changer.

Will Bitcoin hit $150,000 in 2025?It might sound like a cop-out answer, but nobody can predict Bitcoin's future price.

But as I said in the beginning, one can look at what's happening within the government and reasonably expect progress for Bitcoin and other digital assets over the coming years. Bitcoin's market cap is currently just over $2 trillion, which still