The cynicism surrounding the markets is evident. Recall the anticipated "Black Monday" that never materialized, or the excitement over a small Tuesday dip? Certain individuals were so opposed to Trump that they were ready to wager against the entire economy. Fortunately, that strategy did not succeed. Trump's trade approach, though divisive, appears to be altering the global landscape, with China experiencing pressure and other nations eager to negotiate deals. Would a gentler method have produced these results? It seems unlikely. At times, a disruptive approach is necessary to drive change.
However, that same skepticism should be applied to the crypto space, particularly with statements from the "crypto king" and his supporters. The White House crypto summits generated significant buzz about a national crypto reserve and tax incentives, but they ultimately led to little tangible action, with the market plummeting both times. Be cautious of extravagant promises and always conduct your own research. Past performance, or the absence of it, serves as the best guide. Avoid being swept away by the hype.
#Crypto #MarketAnalysis #Trump #TradeWars