It appears we’re in for a roller-coaster ride as crypto enthusiasts are predicting what is in store for crypto once Trump comes into power. But before you drown in bewilderment or thrill over what is in the air for your investments, let’s dissect the current market condition.
My speculation looks to fill in the blanks we have all been waiting for, and unlike the market that is moving in slow motion right now, my Trump did it by announcing to unite the market. He is recruiting 24 influential words from the cryptocurrency space to form an advisory council.
This collaboration is phenomenal, bringing 24 industry experts in one room has the opportunity to bridge, core blockchain developers to the operators of crypto exchanges and DeFi entrepreneurs to the regulators. Such a knowledge broadens and representation could actually build pipelines that are good for real economy.
However, NYDIG, those smart guys who really know their stuff in waving yellow flags, have every reason to be suspicious of crypto driving down inflation. They are saying we might have to slow down on our expectations.
The road ahead entails:
Finding people with the right capabilities: conducting a background check and engaging suitable personnel
Solving the bureaucracy puzzle: doing everything that needs to be done to obtain approvals
Development of vetting and decision-making procedures
Development of communication avenues between all parties involved
Development of basic policy guidelines
The talks themselves might be really pleasant, but it is not going to happen tomorrow. It is like planting a garden; no matter how much you want to eat, it doesn't grow instantly.
This Is What It Means For You:
Ensure that you continue to keep yourself updated on relevant sources of information
Remain Composed
Avoid knee jerk reactions to jump on a particular cryptocurrency or token.
Focus On The Big Picture.
Don’t forget about the basics that never quit.
Something big may be cooking, but it's probably going to simmer for a while before it's ready to serve. Keep your expectations realistic, stay informed, and use this time to understand what these potential changes could mean for your crypto strategy.
Meanwhile, keep doing what smart crypto investors do: research , diversify, and don't invest more than you can afford to lose. Whether what Trump want to do materializes into some crypto revolution or not, whether Trump's plans pan out or simply create another headline, your investment strategy needs to be with substance and never actually based on probably some political move.
The best investments are informed investments, and sometimes the biggest gains come from playing the long game.