On January 20th, according to CNBC, Trump's issuance of Meme Coin TRUMP highlights his support for cryptocurrencies and shows that he believes Americans should have the freedom to participate in this emerging asset class. There is a logic here that giving official recognition to what may be considered the wildest cryptoasset, Meme Coin, is the best way to convey the strength of the US government's support in embracing cryptocurrencies and making the United States a major player in the space. On Monday, investors will focus on Trump's inauguration, with an eye on cryptocurrency-related executive orders. Kruger added that bitcoin's new record opens the door to a possible upside to $130,000.