Bitcoin prices could re-ignite in 2025 from DeFi uses, Trump admin
Bitcoin (BTC-USD) has pulled back since crossing over $100,000 in late 2024, fueled by President-elect Donald Trump's victory in the election. Asymmetric founder, CEO, and CIO Joe McCann joins Market Domination host Julie Hyman and Interactive Brokers chief market strategist Steve Sosnick to discuss the key factors that will continue to drive bitcoin prices in 2025, including ETF inflows, the Federal Reserve's interest rate easing cycle, and the incoming Trump administration in January. McCann also highlights the ongoing innovation in bitcoin use cases within decentralized finance (or DeFi) applications. “There's actually a proliferation of companies that are utilizing bitcoin at the settlement layer to build interesting... decentralized financial products that currently exist in places like ethereum (ETH-USD) and Solana (SOL-USD),” McCann says. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Josh Lynch