Analysis: Trump’s Inauguration May No Longer Be a Bitcoin “Sell on Good News” Event
According to K33 analysis after Trump was elected, the price of Bitcoin rose sharply due to the expectation of his support for cryptocurrency policies. However, since mid-December, the market has faced macroeconomic pressures, leading to a cooling of the market. Although it was previously expected that Trump's inauguration ceremony would be a "sell-off after the good news is realized" event, analysts pointed out that as the inauguration date approaches, the difference between market expectations for Trump's policies and the actual political process has made this strategy less attractive. Trump's trade rhetoric may bring inflationary pressures, but tax cuts and favorable encryption policies are expected to push up risk assets. Although the price of Bitcoin may fluctuate in the short term, K33 holds an optimistic view on the long-term impact of Trump.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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