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Digital assets such as bitcoin could be poised for greatness under Trump, with Wall Street wunderkind Nvidia (NVDA) in a good position to benefit.

“I think there are a lot of ways that the government could show support for crypto over the next few months,” EMJ Capital founder Eric Jackson told Yahoo Finance executive editor Brian Sozzi on his Opening Bid podcast (video above; listen in below). “Trump’s talk about doing a strategic Bitcoin reserve is bullish as an underlying bid for that currency,” said Jackson.

To that end, bitcoin topped $80,000 for the first time on Sunday as its bullish run post Election Day rages on. The price of bitcoin has rallied 15% in the past five days, according to Yahoo Finance data.

While on the campaign trail, Trump did not shy away from expressing his enthusiasm for digital assets. He even promised to make the nation a crypto friendly place, forecasting the US could become the “crypto capital of the planet” at this year’s Bitcoin 2024 conference.

The president-elect specifically called out a desire to make the country a bitcoin "superpower."

Crypto will be a big topic at this year's Yahoo Finance Invest conference — register to attend here

Enter one of the original bitcoin mining plays, AI chip darling Nvidia.

Jackson has been watching Nvidia and its evolution for the past seven or so years. Although Nvidia's powerful chips rose to fame in the gaming space, its products were also mission critical to the development of cryptocurrency in its early days.

The company's graphics processing units (GPUs) are used to assist crypto miners due to their speed and efficiency. As the demand for crypto potentially picks up under Trump, it could fuel orders for Nvidia's latest computing chips, on top of its applications for AI and Tesla (TSLA) robots.

“Bitcoin mining itself will probably make a comeback if crypto does take another leg up,” said Jackson.

Jackson fancies Nvidia shares could more than double given its wide competitive advantages in chip development over rivals AMD (AMD) and Intel (INTC). It's a bullish view echoed by Jackson's peers at the likes of Bank of America.

“Crypto is emerging as this alternative money class,” Jackson added.

One challenge is bringing the currency to the masses in a tangible, digestible way.

Jackson envisions support for the digital currency industry under the Trump administration that could include “promoting approvals for all kinds of ETFs.”