(Seoul=News1) Reporter Hwang Ki-sun: On the afternoon of the 20th, just ahead of President-elect Donald Trump’s inauguration, the price of Bitcoin was displayed on the electronic board at the Upbit customer center in Gangnam District, Seoul. As Trump’s inauguration approached, Bitcoin briefly hit an all-time high of 159.9 million won the previous afternoon. After giving up its gains, it dropped to around 154 million won, seeming to take a breather. 2025.1.20/News1 Copyright (C) News1. All rights reserved. Unauthorized reproduction and redistribution, and use for AI learning are prohibited. /Photo=(Seoul=News1) Reporter Hwang Ki-sun
The Bitcoin price exceeded 160 million won for the first time ahead of Donald Trump’s presidential inauguration. On the 20th, at 4:57 PM, Bitcoin was trading at 160,841,000 won, up 4.44% from the previous day. At one point, it surged to 163,325,000 won. This marked the second consecutive day of setting a new record, following the previous day’s all-time high of 159,999,000 won. Although Bitcoin fell to 152,092,000 won in the morning, it surged in the afternoon.
President-elect Trump is scheduled to officially start his term with an inauguration ceremony on the 20th (local time). He had pledged various plans related to easing regulations on virtual assets, including the establishment of a committee for this purpose.
Experts in the virtual asset market suggested that there might be increased short-term volatility around the inauguration. There is a heightened likelihood of sharp fluctuations as investors who look to realize profits clash with those weighing new entries.
In the long term, it is observed that the Trump administration’s policy direction might have a positive impact on the virtual asset market.
However, there is a perspective that macroeconomic uncertainties, such as the speed of the Federal Reserve’s interest rate reductions, could negatively impact the market.