2025 is expected to be another good year for crypto. Apart from the fact the Bitcoin post-halving year has historically been a good one for the space, there’s an additional catalyst in the offing. In a break from the past, the incoming Trump administration has a decidedly favorable take on all things blockchain with several key positions set to be filled with crypto supporters.
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For instance, the president-elect has appointed David Sacks as the artificial intelligence and cryptocurrency czar. Sacks is known for advocating for more relaxed regulation in the crypto industry and is regarded as a strong supporter of the crypto market. Even better, known crypto foe SEC Chairman Gary Gensler is set to step down from his position with former SEC Commissioner and crypto enthusiast Paul Atkins announced as Trump’s nominee to replace him.
This could not only be a positive for overall crypto regulation, but as top investor Keith Noonan notes, it could be “very bullish” for Ripple (XRP). That is because with Atkins at the helm there is a strong possibility he might dismiss the SEC’s lawsuit against Ripple, which alleges that XRP was sold as an unregistered security.
With the prospect of that happening, it’s not that surprising to find out XRP has been one of the biggest winners since Trump’s election win. Since November 5, the token is up by a barnstorming 360%. Yet after jumping so high over such a short period, could it be that all that goodness is already priced in? Not according to Noonan.
XRP, with a market cap of roughly $133 billion, is currently the third-largest cryptocurrency, ranking only behind Bitcoin and Ethereum. “In the crypto space,” the 5-star investor goes on to say, “brand strength is very important — and valuation success often begets more success.”
But that’s not the only reason Noonan thinks investors should eye the opportunity presented here. If the SEC’s case against Ripple and its XRP token is ultimately resolved, this crypto could still have significant potential for growth. “With regulatory risk and uncertainty potentially being taken off the table,” Noonan summed up, “XRP could surge over the next four years of the new Trump administration.” (To watch Noonan’s track record, click here)
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Disclaimer: The opinions expressed in this article are solely those of the featured investor. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.
