**The Impact of Donald Trump’s Inauguration Speech on Bitcoin (BTC)**

Bitcoin Fades From Highs After No Crypto Mentions During Trump’s Inauguration Speech

President Donald Trump’s inauguration speech on Monday afternoon left the crypto community waiting for mentions of Bitcoin and other cryptocurrencies, but unfortunately, the subject did not come up. This absence of discussion surrounding crypto during the address led to Bitcoin experiencing a decline in price, now hovering around $100,000 after reaching a high above $109,000. The disappointment extended further when a report on GOP congressional priorities also failed to include any references to Bitcoin or crypto.

**Disappointment in the Crypto Community**

The absence of any mention of Bitcoin or cryptocurrencies in President Trump’s inauguration speech has left many in the crypto community feeling disheartened. As the price of Bitcoin continues its volatile journey, reactions to the lack of acknowledgment from the new administration have been mixed.

**Trump’s Strategic Appointments**

Despite the lack of mention in the speech, President Trump has made strategic appointments that indicate a potential embrace of cryptocurrencies in his administration. The appointment of venture capitalist and former PayPal COO David Sacks as the White House’s “A.I. & Crypto Czar” suggests a willingness to engage with the transformative technology. Additionally, the nomination of longtime D.C. veteran and crypto advocate Paul Atkins to lead the Securities and Exchange Commission further underscores a potential shift in policies regarding cryptocurrencies under the new administration.

**Mixed Reactions to Trump’s Crypto Stance**

While some in the crypto community view President Trump’s appointments as positive steps towards embracing cryptocurrencies, others have expressed skepticism. The recent launch of the Trump memecoin over the weekend, which was followed by a memecoin associated with the First Lady Melania, has raised concerns among crypto investors. Nic Carter of Castle Island Ventures criticized the memecoin launch, calling it “preposterous” and highlighting potential risks associated with such speculative endeavors.

In conclusion, President Trump’s inauguration speech, which did not mention Bitcoin or cryptocurrencies, has left the crypto community pondering the future of digital assets under the new administration. The price fluctuations in Bitcoin following the speech reflect the market’s sensitivity to political developments and regulatory uncertainties. As the crypto landscape continues to evolve, all eyes will be on the administration’s next steps regarding digital currencies.