Many Cryptocurrencies Soared to New All-Time Highs After Donald Trump Won the 2024 Presidential Election

With 2025 underway and Trump in the White House, Benzinga recently asked readers which cryptocurrencies they are buying.

The year 2025 has begun and Donald Trump is in the White House for a second term.

With the federal government focused on cutting spending and a potential recession in the minds of many investors, Benzinga asked readers which cryptocurrency they are buying.

What Happened: Trump recently announced plans for a strategic crypto reserve and a meeting of several cryptocurrency experts at the White House on Friday has sparked optimism that the government will be buying crypto.

Before the strategic crypto reserve was announced by Trump, Benzinga polled readers asking about 2025.

“Which crypto asset are you most likely to invest in during 2025?” Benzinga asked.

The results were:

The leading vote-getter in the poll was people staying away from cryptocurrency, receiving nearly half of the vote. Of the four cryptocurrency options including stablecoins, Bitcoin was the leading vote-getter with 35% of the vote.

Ethereum and Solana each got 10% of the poll vote with stablecoins ranking last at 3%.

The poll results show that when it comes to investing in cryptocurrency in 2025, investors are either staying away or likely buying Bitcoin.

Related Link: Trump’s Crypto Reserve Plan Sparks Backlash From Fans For Adding Ether, XRP, Solana, Cardano: ‘Don’t Think The Government Should Be Pumping Our Crypto Bags With Taxpayer Money’

Why It’s Important: A social media post by Trump indicated that a strategic crypto reserve would include Bitcoin, Ethereum, Solana and XRP Token (NYSE:XRP) and Cardano (CRYPTO:ADA).

An official announcement could send those cryptocurrencies higher and kick-off a bull market — or start a sell-off.

After hitting all-time highs in December 2024, Bitcoin dipped and Benzinga asked readers if the cryptocurrency would hit the $105,000 or $85,000 milestone next. Sixty-three percent of readers predicted $105,000 correctly as the cryptocurrency hit that amount shortly after.

Bitcoin went on to hit all-time highs of $109,114.88 in January 2025 before falling below the $100,000 amount again. The cryptocurrency hit new three-month lows on Wednesday.

Bitcoin is now trading down 3.6% year-to-date in 2025 and up 40.8% over the last year.