The crypto industry is buzzing with optimism as Bitcoin hit $105,000, fueled by the anticipation of President-elect Donald Trump’s inauguration. The industry’s high hopes were on full display at the Crypto Ball, a lavish event held in Washington’s Andrew W. Mellon Auditorium. Attendees, including crypto moguls like Michael Saylor and Brian Armstrong, mingled with future administration officials, including Trump’s crypto czar pick, David Sacks. The event, which barred outside press, was an exclusive affair with tickets priced at $2,500 to $5,000. The celebration included performances by Snoop Dogg and a visit from Speaker of the House Mike Johnson. Crypto companies like Coinbase, Ripple, Kraken, and Circle have significantly contributed to Trump’s inaugural committee, pushing its total to record levels. The industry is betting on a close relationship with the new administration, expecting policy changes that could legitimize digital assets in the U.S. financial sector.
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