The United States inaugurated its 47th president on Monday with the swearing in of President Donald J. Trump.

According to an article released this past week by Bloomberg, bitcoiners and crypto users alike have reason to be extremely excited about the second Trump administration. The former and future president is planning on issuing an executive order to make cryptocurrency a national policy priority and plans on giving industry experts a strong voice within the administration.

If a policy was enacted to make crypto a ‘national imperative or priority’, government agencies would be have no choice but to work alongside the crypto industry in order to enact policy which would allow bitcoin and other major cryptocurrencies to flourish.

Since the election, bitcoin has reached historic highs and only continued to climb. At a price of roughly $70,000 USD before Trump was elected, BTC reached an all-time high of over $106,000 just ahead of Christmas and has climbed back up to $104,000 this past week after a dip.

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Major crypto companies such as Coinbase and Ripple have made significant donations to Trump’s inaugural committee over the last month. Trump has declared himself previously as ‘the crypto candidate’ and the historic rise of the price of BTC certainly reflects that fact.

SEC Chairman Gary Gensler, who is going to step down on January 20, has contributed heavily in leading a crackdown against crypto, putting more governmental restrictions on what users are able to profit.

With a new chairman imminent, Bitcoin and all other major cryptocurrencies could be poised to soar over the next four years of the Trump administration.