Boris Bohrer-Bilowitzki, CEO of digital identity authentication and security enablers Concordium, recently shared his views and insights with CI.
Bohrer-Bilowitzki, Concordium’s Chief Executive Officer, discussed whether the crypto and digital assets market can sustain its dramatic increase in value following Donald Trump’s US election victory.
In the aftermath of Donald Trump’s historic win in the 2024 US Presidential Election, the global crypto market surpassed a record high valuation of $3 trillion. This was driven largely by increased investment in cryptocurrencies in the following days, with Bitcoin alone now trading at nearly $100,000.
Boris believes that the incoming Trump administration will prove to be a catalyst for the crypto and digital assets industries to enter a golden age of prosperity. Trump hasn’t been shy about his enthusiasm for crypto in the past, pledging to make the US a leader in this field.
So, it’s highly likely that any US regulatory policies introduced by Donald Trump and his cabinet will be more favorable for the crypto industry than the current administration’s. Not to mention the fact that, Elon Musk – another champion of crypto – is set to play a big role in the Trump White House and will likely champion measures that accelerate the growth of this lucrative market.
Our discussion with Boris Bohrer-Bilowitzki is shared below.
Crowdfund Insider: Will the crypto and digital assets market sustain its dramatic increase in value following Donald Trump’s US election win?
Boris Bohrer-Bilowitzki: In light of Donald Trump’s historic US election win, crypto and digital assets are already trading at record levels and have surpassed a record $3 trillion valuation. Between now and Trump’s presidential inauguration in January, I expect that investor interest in this industry will grow from strength to strength. People in the industry are genuinely excited about Trump’s pro-crypto stance, and I can’t see this recent growth slowing any time soon.
You’ve noted that the incoming Trump administration will prove to be a catalyst for the crypto and digital assets industries to enter a golden age of prosperity. Trump hasn’t been shy about his enthusiasm for crypto in the past, pledging to make the US a leader in this field.Tell us about the long-term impact of these developments.
Trump has been very vocal about his support for the crypto and digital assets industries in the past, promising to make America the world’s crypto capital and Bitcoin superpower.
Given that a key focus of the incoming Trump administration is to rebuild the American economy, coupled with the high-growth potential of crypto and digital asset companies, I don’t think he will pull back from this direction and will genuinely see these technologies as an important and long-term part of his economic recovery plan.
A major long-term impact of these developments will hopefully be a clearer regulatory environment that fosters innovation and encourages growth in the crypto and digital assets economy. This will lay the groundwork for increased enterprise adoption of advanced blockchains that provide greater certainty and trust.
Crowdfund Insider: How likely is it that the US regulatory policies introduced by Donald Trump and his cabinet will be more favorable for the crypto industry? Tell us a bit more about anticipated regulatory developments and how you think the administration approaches cryptocurrency regulation.
Boris Bohrer-Bilowitzki: I fully expect that any crypto regulations and policies introduced by the Trump administration will be more favorable for the industry.
Trump is likely to replace current SEC chairman Gary Gensler, who has been stringent in his approach to crypto and digital asset regulations, with someone who is more pro-crypto. His cabinet could also include the likes of former SEC commissioner Dan Gallagher and former CFTC Chris Giancarlo, both of whom believe that digital assets should be less strictly regulated.
One positive development would be the creation of a crypto presidential advisory council that guides the administration in setting clearer crypto policies that encourage industry growth. I’ve heard some great things about this advisory council, and I believe it’ll greatly improve trust and accountability in the crypto and digital assets industry.
Crowdfund Insider: You’ve noted that Elon Musk – another champion of crypto – is set to play a big role in the Trump White House and will likely champion measures that accelerate the growth of this lucrative market. How do you foresee this unfolding in 2025 and beyond?
Boris Bohrer-Bilowitzki: Trump struck up an incredibly close relationship with Elon Musk during the campaign trail, and it was recently confirmed that Musk will lead a new federal agency called the Department of Government Efficiency. The acronym of this agency, DOGE, is an obvious reference to Dogecoin and yet another clear indication of the weight given to crypto by Elon and Trump. According to Trump, this new department will crack down on government bureaucracy, excessive regulations and wasteful spending.
Considering that Musk will be in charge of these efforts and is also pro-crypto, I foresee him dismantling current red tape preventing the US crypto industry from reaching its full potential. And let me be clear: the potential is vast!
Crowdfund Insider: What are your thoughts regarding Institutional adoption of crypto-assets?
Boris Bohrer-Bilowitzki: Institutional investors are incredibly excited about the potential of crypto and digital assets, and this is clear from the record levels of industry investment that we’ve seen following Trump’s election. According to a 2023 survey, 69% of institutional investors are planning to boost their digital asset investment over the next two to three years.
I can’t see this optimism dying down any time soon; investors see Trump’s win as positive news for the crypto industry and are increasingly viewing crypto as a lucrative asset class that can offer great returns.
I’ve seen a huge drive towards adoption of crypto assets among institutional investors, but what’s clear from my conversations with institutions is that they will always orient towards projects that provide adequate compliance. AI is another big focus for institutional investors, and I suspect that crypto and digtial asset companies utilizing this technology will do well.
Crowdfund Insider: What will be the impact of technological advancements, specifically the ongoing development of blockchain technology and its applications?
Boris Bohrer-Bilowitzki: If Trump is serious about his promise to make America the world’s leader in crypto by introducing pro-crypto policies, I expect that the US is on the cusp of a blockchain and digital asset technology revolution.
In financial services, innovations like decentralized finance, central bank digital currencies, asset tokenisation and smart contracts could rise in adoption and prevalence. We might also see more enterprise users integrate blockchain technologies into their IT systems and operations – the transparency and traceability of this technology makes it a game changer for supply chain management, for instance.
Another technological development disrupting the business world and society as a whole is AI. While AI promises to improve efficiency, it presents new complexities and challenges that must be addressed as a matter of urgency.
During the US election, we saw record levels of AI-enabled manipulation and misinformation – just look at how threat actors are using Deep Fake technology to imitate well known individuals like Elon Musk to promote their messages and projects. Blockchain technologies will help solve these issues due to the improved transparency and trust they provide.
Crowdfund Insider: What are some key global economic factors that can affect the crypto markets?
Boris Bohrer-Bilowitzki: Global economic factors play an important role in how investors approach crypto markets. Notably, inflation and fiat currency devaluation can result in investors viewing crypto as an alternative yield-generating investment as they look to recover losses received from more traditional investments.
In addition to inflation, higher interest rates and stringent monetary policies can also influence how well the crypto markets perform in comparison to more traditional markets.
If yields are comparable between these two markets, then investors may see crypto as an unnecessarily risky investment. So, for the crypto industry to be as strong as possible, we ideally need to see lower interest rates and pro-crypto monetary policies globally.