Analysis: The key to Bitcoin's trend lies in whether Trump will quickly fulfill his promises to the cryptocurrency industry after taking office

ChainCatcher news, according to a report by Reuters last week citing unnamed sources, the cryptocurrency industry has been lobbying Trump to issue an executive order within his first 100 days in office to establish a U.S. Bitcoin reserve, ensure the industry can access banking services, and create a cryptocurrency advisory committee. The report also stated that the industry expects at least one order to be issued on January 20.

An analyst told MarketWatch that Bitcoin could rise to a historic high of over $125,000 in the first quarter of this year, or it could drop to $77,000—the key factor being whether Trump will quickly fulfill his promises to the cryptocurrency industry after taking office. These promises include his intention to make the U.S. the "capital of internet cryptocurrency" and the "world's Bitcoin superpower."