Donald Trump’s pro-crypto stance, a shift from his earlier skepticism, could significantly influence the cryptocurrency market. His administration’s policies, including a strategic Bitcoin reserve, deregulation, and support for crypto-friendly legislation, aim to position the U.S. as the “crypto capital.” This has already driven Bitcoin to record highs, with prices surpassing $100,000 in late 2024, and boosted altcoins like Ethereum, XRP, Solana, and Cardano. However, his personal ventures, like the $TRUMP meme coin and World Liberty Financial, raise conflict-of-interest concerns, potentially undermining legislative support and market stability. While short-term bullishness prevails, critics warn of volatility, speculative bubbles, and risks to financial stability if unregulated growth leads to market manipulation or crashes.