$BTC 🚨🚨🚨🚨Trump's inauguration
will make Bitcoin
rise or "fact will be
sold"?
Donald Trump will take over this
Monday (20) the presidency of the United States for the second time, and the cryptocurrency market is already speculating: the price of Bitcoin will have a new high or will suffer a fall, reflecting the reality that concrete actions can
take longer than words?
The question revolves around the famous saying in the market
financial: "buy on rumor, sell on fact". According to this
logic, assets tend to appreciate in value with rumors
favorable, but prices generally decline when the
moment of action arrives and expectations face
reality. In Trump's case, pro-Bitcoin rhetoric may already
be priced, suggesting that the asset could lose
force when it becomes clear that possible measures in favor of
sector would face bureaucratic obstacles and
institutional.
This supposed hangover that the market may face on the day
of Trump's inauguration was predicted by Arthur Hayes, analyst
macroeconomics and co-founder of the BitMEX brokerage.
"I believe there is a big gap between the highs
Cryptocurrency investors' expectations about how quickly Trump can change things and the reality that there are no politically acceptable solutions
available for Trump to implement these changes
quickly," said the businessman.
But the vision of a fall would occur on Inauguration Day and
Trump began to lose strength in the face of a new
expectation: that the elected president issues in his first
day an executive order beneficial to the crypto sector. To the
speculation is that a council will be formed
advisory for cryptocurrencies, but establish the reserve
national distribution of Bitcoin or other cryptocurrencies is not yet
discarded.