...as for #TrumptaxCuts i'd say short-term bearish, long-term bullish for the crypto market. even during covid, the market cycle was steadfast - unless this impact becomes worse than covid.. 👀
Investors/Hodlers wouldn't place high expectations on assets that have a massive circulating supply but lack a scarcity mechanism (such as burning) to reach astronomical prices.
On the flip side, these same assets are often highly volatile, which suits risk-takers looking for active trading opportunities.