We could see all the way back from when trump won the election to today that the markets have been pumped about the news. Now hitting a brand new ATH of just almost $109,000 before the inauguration today. But will this be once again another one of those sell the news events?
A lot of talk has gone into a day one executive order to be passed to start building a bitcoin strategic reserve but will it really mean all that much? If the government isn't straight up buying and holding then it plays little impact on the overall market.
*This article is for entertainment purposes only and is not financial advice. Do your own research before investing and understand the risks.
That being said I can almost see bitcoin doing well today and tomorrow but if not executive order comes out we start to tank. Right now feels like a major sell the news event today which has built up a lot of hype for the crypto world but as we can see trump really is just out for himself and to make massive profits and his recent meme coin of which him and his team hold 80% and only give 20% out sums that up IMO.