"Trump is the pro-cryptocurrency president. He raised funds for his election campaign in cryptocurrency and dedicated a lot of time to the blockchain audience. [...] He hasn't even taken office yet, but we are already feeling a significant amount of relief after a long period of tough struggle. Trump's arrival will open up numerous opportunities, primarily in expanding the audience that will engage with this type of asset," he said in response to a question about why the price of Bitcoin has surged and what lies ahead for it.
He reminded us of the launch of the MiCA law in 2025 (some provisions will take effect in 2024), which will regulate cryptocurrencies across 27 EU countries. The arrival of MiCA provides a unified standard, a conditional passporting system based on the same principle that operates in the banking sector, noted Nosov.
According to the founder and CEO of WhiteBIT, Trump's arrival is a "big step towards the crypto industry in the USA."
When asked whether markets would crash if the price of Bitcoin rises to $500,000, he pointed out that shocks are possible, as the current "economic model is fake."
"Bitcoin could introduce an element of stabilization into this world. And it needs to be introduced because, unfortunately, at some point, the current economic model will simply destroy the world. Bitcoin can make some corrections, but considering that it will direct the world towards a more objective path," Nosov added.