Leak Reveals Imminent Trump Rules Change – $100 Trillion Bitcoin Price Prediction

Bitcoin and cryptocurrency prices are rising again, With Bitcoin rising towards $100,000 after a sudden downturn sparked fears of a collapse for the cryptocurrency.

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The price of Bitcoin has skyrocketed in the wake of Donald Trump’s election victory in November Trump confirmed last month that he plans to drop a bomb on Bitcoin prices.

now, While the Federal Reserve prepares for a looming crisisTrump, the self-proclaimed cryptocurrency president, will reportedly issue several cryptocurrency-related executive orders on his first day in the White House, January 20 — one of which is expected to lead to a huge boom in Bitcoin prices.

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ForbesThe hidden Fed dollar crisis is expected to lead to a surge in Bitcoin prices to rival goldby Billy Bambrough

Trump’s executive orders on day one may address issues including de-banking and rescinding a controversial cryptocurrency accounting policy that requires banks that hold digital assets to consider them as liabilities on a bank’s balance sheet.

“The Trump team has made it clear that this is a priority,” an anonymous source said. He said the The Washington Post.

The mysterious and unconfirmed so-called “Operation ChokePoint 2.0” – named after a similar 2013 US Department of Justice policy to break up legal industries deemed high-risk for fraud and money laundering – has impacted cryptocurrency companies through the Biden administration, with founders and directors alleging Executives say financial regulators have pressured banks to cut off cryptocurrency companies from financial services.

The issue recently jumped into mainstream consciousness through venture capitalist Marc Andreessen’s appearance on Joe Rogan’s podcast.

Andreessen, who has backed several technology and cryptocurrency companies at the VC firm known as a16z and is an associate of Trump’s so-called cryptocurrency czar, David Sachs, is said to be working with the incoming Trump administration behind the scenes.

Meanwhile, cryptocurrency companies led by MicroStrategy’s Michael Saylor have campaigned against the policy requiring companies to report cryptocurrencies as a liability, as a result of the March 2022 SEC staff accounting circular, SAB121.

The repeal of SAB121 is one of three catalysts that Saylor said would cause Bitcoin’s price to rise to $5 million, giving Bitcoin a total market value of $100 trillion.

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ForbesBitcoin is preparing for a huge earthquake as the Fed shock fuels fears of a collapse in cryptocurrency pricesby Billy Bambrough

last year, said Saylor, who has turned his software company into a way to buy bitcoin over the past five years during X broadcast that repealing SAB121 will help “get us to $5 million per coin” as companies and financial institutions start buying up Bitcoin.

“The other two [catalysts named by Salyor] It has already happened (spot [exchange-traded funds] ETFs and Fair Value Accounting),” Julian Fuhrer, CEO of Bitcoin Rewards, Apollo, to publish To X.

Last year, the world’s largest asset manager, BlackRock, led Wall Street’s push into newly approved spot bitcoin ETFs, with its Bitcoin IBIT fund becoming one of the fastest-growing ETFs ever as traders piled in.

In November, the Financial Accounting Standards Board (FASB) officially adopted fair value accounting for bitcoin, allowing companies to more accurately reflect the current market value of bitcoin in their financial statements.