The Trump administration’s pro-crypto stance is reshaping the market and the “good times are here to stay” says Nexo co-founder Antoni Trenchev.
Speaking in a CNBC interview, Trenchev expressed surprise at the administration’s swift actions but praised its commitment to digital assets.
“Bitcoin becoming a reserve asset is another promise by President Trump that has been kept, which is amazing,” he said. “I’m wondering at what point we will stop being surprised by the man actually keeping his election promises.”
The administration’s approach, he noted, goes beyond Bitcoin, extending to other digital assets—some developed and owned by private companies. In an announcement earlier this week, President Trump revealed that in addition to Bitcoin, the US’s crypto reserve would also include Cardano (ADA), Solana (SOL) and XRP. The inclusion of assets other than Bitcoin, was something Trenchev said was unexpected. “If anything, it shows you that this administration deeply cares about cryptos,” he said.
A Raging Bull Market with Corrections
Despite recent volatility, the Nexo co-founder emphasized that the crypto market remains in a bull cycle – despite Bitcoin’s 25% plummet over the last week. “We have been in a raging bull market since last August at the very latest, and during bull markets in crypto, corrections of 25% to 40% are definitely the norm,“ he said, referencing past cycles in 2017 and 2020.
Trenchev revealed that he personally went long on Bitcoin when it dropped below $80,000 last week, underscoring his confidence in continued upward momentum. “This was a correction that, quite frankly, was dramatically oversold,” he stated. “We now have a supporter of crypto assets in the White House, so I think the bull run will continue.”
Global Impact & Regulatory Shift
Trenchev believes U.S. leadership in crypto will spur adoption globally, particularly among sovereign wealth funds. “We have seen some of the sovereign wealth funds out of the Middle East already outright purchasing assets. And this will only pick up now that the U.S. is leading the way.”
Regulatory clarity remains a key hurdle, but Trenchev sees progress. “The regulatory clampdown by the previous U.S. administration is coming to an end. We see lots of different lawsuits being dropped and legal enforcements coming to an end. This is all well and good, but we need step number two—how we actually drive innovation and build businesses in the U.S.”
He pointed to the upcoming White House crypto summit as a critical moment. “I’m super hopeful that this Friday’s crypto summit will lead the way in kicking off the debate around how we go about doing this second very important step.”
Bitcoin’s Trajectory: $150K on the Horizon?
When pressed for a Bitcoin price prediction, Trenchev maintained a bullish but measured outlook. “I called last year for $100K. This has happened. Now everybody’s pressuring me for the next forecast. I think $150K is realistic.”
However, he advised caution in the near term. “We had a very significant uptrend already, so I wouldn’t go crazy with predictions here. If you don’t have any exposure, use the corrections—which will come—to accumulate some, and be in it for the long run. Good times are here to stay for crypto.”
With the White House signaling a friendlier regulatory environment and institutional adoption accelerating, Trenchev’s optimism aligns with growing expectations that Bitcoin’s rally may still have plenty of room to run.
