Trump’s Inauguration Signals Crypto-Friendly Administration and New State Policies

According to various analysts, President-elect Donald Trump's Bitcoin-friendly administration could prompt more states to be receptive to cryptocurrency investments. A study by the U.S. Government Accountability Office highlighted the exceptionally high volatility of cryptocurrency and the absence of a standard method for predicting future returns. The State of Wisconsin Investment Board made history by being the first state to venture into cryptocurrency investments, acquiring $160 million worth of shares in two ETFs before downsizing to $104 million. Keith Brainard noted that pension fund professionals are wary of investing in cryptocurrency, with expectations of restrained involvement due to its volatile nature.