Donald Trump's Cryptocurrency Revolution: Could Bitcoin Reach $90,000 Next?

Bitcoin (BTC) surged to $86,000 in a short-term before falling to $84,000, following the historic speech by President Donald Trump at the Blockworks digital asset summit. For the first time for a U.S. president, Trump has clearly stated his administration's support for cryptocurrency, confirming plans for the U.S. Strategic Bitcoin Reserve Fund and ending Operation Chokepoint 2.0—a regulatory crackdown on cryptocurrency banking activities. Trump also called on Congress to pass legislation on stablecoins, ensuring a clear regulatory framework for digital assets. His administration's shift towards institutional adoption of cryptocurrency could drive long-term demand for Bitcoin, reinforcing its role as a strategic financial asset. Which cryptocurrency media company is the best? pic.twitter.com/HmVEcueDZi— Jack Kubinec (@whosknave) March 20, 2025 Cryptocurrency organizations surge as the US changes its regulatory stance. Trump's speech signals a shift in regulation, replacing heavy-handed enforcement measures with policies that promote innovation. His remarks emphasize the importance of institutional participation in Bitcoin and stablecoins, viewing the cryptocurrency industry as essential for economic growth. Key points in Trump's speech: Bitcoin Strategic Reserve Fund: The U.S. government plans to accumulate and hold BTC, preventing early liquidation. Regulatory Shift: The Trump administration has ended strong crackdowns, supporting a business-friendly approach to digital assets. Stablecoin Legislation: Market structure laws will clearly allow cryptocurrencies to be more widely adopted in institutions. Cryptocurrency Dominance in the U.S.: Trump advocates for America to become a global hub for digital finance. His closing statement was very direct: "Make America a Bitcoin superpower and the cryptocurrency capital of the world." Bitcoin Price Outlook: Can BTC Surpass $87,000? Bitcoin is still rising in price, currently trading at $84,300, down 1.4% in 24 hours, with a market capitalization of $1.67 trillion. Despite the pullback, BTC is supported by an upward trend line above $84,000, indicating continued buying interest.

Immediate resistance level: $87,400 – A breakthrough here could propel BTC to $89,900 and $92,700. Strong support: $84,000 - If BTC stays above this level, the upward trend remains intact. Downside risk: If the price of BTC falls below $83,700, the price could drop to $79,900. If BTC surpasses the level of 87,400 dollars, traders may see the price rise to 90,000 dollars, thanks to momentum from regulations and institutional demand.