President-elect Donald Trump is preparing for his inauguration on January 20. Prior to that, on January 17, a VIP event at the Crypto Ball will be hosted by MAGA Inc., Trump's super PAC, with the attendance of Czar AI & Crypto, David Sacks. Although it is a key event, Trump will not attend. Exclusive tickets for the VIP party are priced at $100,000 each, or guests can purchase a $1 million package for four tickets, including a private dinner with President Trump on a subsequent day.

As Trump prepares for his inauguration, cryptocurrency leaders are seeking to increase their influence on the new administration. Stablecoin company Circle has contributed $1 million to Trump's inauguration committee in USDC. Cryptocurrency leaders are also competing for positions on Trump's cryptocurrency advisory council, which could include up to 22 CEOs and founders. David Sacks, an early Bitcoin investor, has been selected as the White House Chief Technology Officer and cryptocurrency czar. As the inauguration day approaches, cryptocurrency executives continue to gather in Washington.

Bit is currently trading below $94,000, signaling an unstable start for the cryptocurrency market this year. After a less than favorable start, experts predict the market may experience a bumpy ride in the first quarter. While Bit and other cryptocurrencies have seen price increases since the election, some concerns are emerging about Trump's cryptocurrency policies. Trump may promise growth for cryptocurrency companies, but regulatory changes create uncertainty.

However, according to industry assessments, the long-term outlook for the cryptocurrency market remains strong. Meanwhile, lawmakers are expected to address key issues such as stablecoins and market structure as the year progresses.