Strategist: BTC reaches a new all-time high, opening up space for further upside

ChainCatcher news, according to CNBC, LMAX market strategist Joel Kruger stated, "Trump's issuance of the meme coin TRUMP highlights his support for cryptocurrency and indicates that he believes Americans should have the freedom to participate in this emerging asset class."

"There is a logic here that granting official recognition to what may be seen as the wildest crypto asset, the meme coin, is the best way to convey the U.S. government's support in embracing cryptocurrency and making the U.S. a major player in this field."

On Monday, investors will focus on Trump's inauguration, paying attention to executive orders related to cryptocurrency.

Kruger added that Bitcoin's new record opens the door for a potential rise to $130,000.