Last night, around this time, I opened my laptop to write my daily blog on Hive. Among many open tabs, I always keep one on CoinGecko to check the crypto market. Before refreshing it tonight, I saw it showing a total crypto market cap of $2.4 trillion.
After refreshing, it showed $2.6 trillion. That means the market added $200 billion in just 24 hours—pretty huge, especially when the fear and greed index is low, caution is high, and many are still bracing for a potential recession.
I can’t say that with Trump as president again, a recession is impossible. Some of his promises are bold, and it makes me wonder why he didn’t fulfill most of them last term. Still, no hate toward Trump. He deserves the job, but we all know by now it doesn’t change much for us everyday folks who know that presidents don’t decide much of what goes on in the world.
The real power? Way richer families than we see on the Forbes 500. Elon Musk—officially the wealthiest man alive—heavily backed Trump this time, and honestly, without him, the win wouldn’t have been so easy.
Crypto pumped hard overnight when Trump’s win became clear. The Dow Jones even gained over 1,000 points in the first 20 minutes of trading this morning. Massive gains amid so much global unrest and uncertainty. But as they say: trade the charts, not emotions or news. Bitcoin’s chart has been looking bullish for weeks, and now it’s pure madness.
How high will it go? Nobody knows. Some targets hover around $120K, but there are already some out there claiming it could hit $600K by the end of this bull market. I doubt it, but if it does, I’ll make sure I have a tiny bag of shitcoins to dump if we get there.
When crypto's market cap nears $4 trillion, I'll start offloading my bags. I don’t buy into supercycles, and I don’t want another bear market with empty pockets. I know I won’t nail the top, but I’ll make sure I’m cashing in all the way up.
One thing I’m sure of with Trump back: Zelensky is finished. The Ukraine war will likely end soon. Russia will take the territory it fought for, BlackRock will rebuild the rest for some $500 billion, and Ukraine will likely become a BlackRock colony. We might even see Ross Ulbricht and Edward Snowden pardoned.
If Kamala had won, maybe crypto would have dipped, but Bitcoin’s long-term chart is bullish regardless. Larry Fink, BlackRock’s CEO, already said Bitcoin wins no matter who’s in office. These guys know how things work at that level, and that’s why they’re raking in the cash.
There’s a huge opportunity for us to take a piece of this crypto bull market, but to do so, you need to be fearful when everyone else gets greedy. The only way to make it in crypto is to be a contrarian. Oh, and before I sign out, here’s one last reason to be bullish on Bitcoin’s future:
Senator Cynthia Lummis is hinting at a Bitcoin reserve for the U.S. What do you think of that?
Thanks for your attention,
Adrian
A Bitcoin reserve would solidify Bitcoin for a long time.
That would be massive indeed.
Could set off a chain reaction as other countries FOMO in to get a Bitcoin reserve for themselves.