Trump's Impact on Crypto: A Short-Term Shock?

Helping Others with Dignity (2).png

Mr. Donald Trump has taken their seat, and the thing we were discussing about in the market has happened. Okay, just like one thing, look, it pumps in the market, like we had an example before.

In 2021, when Bitcoin was regulated, it pumped a lot at that time. And the day the regulation was announced, the day the work was to be done on this paper, and the day it was made legal tender, on that day it crashed. So, we call this "buy the rumor, sell the news."

So, there was a lot of rumor-related buying, and then in the morning, Bitcoin crashed. It pumped, then crashed, and if you look now, the market is recovering again. From 100,002 to 100,600. Okay? So, the volatility is what will remain for today.

And the same thing we can see is that the momentum that was there in Bitcoin has come, and here we didn’t get any altcoins. With Trump’s coming, there will be short-term impacts in the market, so we will see bad impacts because he came with his own coin, and the money that was supposed to flow into altcoins went all to Trump’s coin.

His coin is now with almost eight billion dollars in the market, okay? Now it’s 10 billion, but it was standing with him at five. Then today, his wife launched her coin. Look, this thing is not right. People are putting money in it.

No one really knows about her coin; it doesn’t have any particular value because, you know, Trump has a large following, plus people like him because of his business, but in terms of crypto, there is nothing to back it. It’s just because she is his wife, that’s why it’s being pumped. So, the money is flowing into these things, and the market is showing us that there is a lot of money, but it’s all going into the wrong things.

In the short term, the market will face impacts, but in the long term, it will be very good for the market. So, I would say that let the market settle for now, especially if BTC holds above 99K. If it does, it will be a good opportunity for us.

THANK YOU!