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One of the most important turning points is looming over the crypto market, and Trump's inauguration promises gains that both critics and supporters are united on in anticipation. Crypto communities are already building optimism as the date of January 20th, 2025, approaches.
Let me let you in on a little secret: I am not a fan of Trump-far from it. Yet, here I am, in this weirdest of positions, sitting right alongside Trump supporters, counting my fingers obsessively while checking on the calendar until January 20, 2025.
While I have a lot of doubts about Trump concerning his past actions both in the business world and as president, I couldn't help but pay so much attention to what his presidency could mean for my crypto portfolio. And yes, I know how that sounds. But sometimes, you have to separate your personal politics from your financial interests in today's inflated economy.
Some analysts think that the market will do the opposite of what everyone is expecting on Trump's inauguration on January 20th. I completely disagree and here are my reasons:
Right now, we are seeing a healthy correction after the crash over the weekend. For those who understand how the market works, the current market position gives positive signals for a seriously bullish trend. Even while we type this post, News of Michael Saylor's Microstrategy recent Bitcoin purchase is in the air.. That is a sign of correction, and that correction might just be what we needed, a solid base for a Trump-inauguration-propelled rally.
Here's what most people forget: Trump is not just another politician talking about crypto. He's got skin in the game:
Meme coin portfolio holder
Launched a crypto company during his campaign
Sold out NFT collections of himself
He's even declared it as America making "the crypto capital of the planet and the Bitcoin superpower of the world."
It doesn't sound much like this was election-speak. Indeed, he's labeled crypto "critical to the future of American competitiveness."
Already, the heads of the biggest crypto companies are visiting him as they scramble for appointments in the second Trump Administration Crypto Advisory Council.
The Elon Musk Factor is a big plus in this game. The Trump-Musk relationship is more than just headlines; their alliance can be a game-changer for crypto. We've all seen the magic that Musk has wrought with Dogecoin; now, imagine that same magic rippling throughout the entire crypto market, this time with Trump as president.
Image from X
Community Expectations are very High in anticipation of Trump's inauguration. Community drive results. You have probably seen some funny memes on social media platforms, indicating the community is expecting a bull run, and in crypto, community sentiment often becomes a self-fulfilling prophecy. It really can be that simple.
During the election, we saw the market goes down and came crashing in real-time, however, as soon as Trump took the lead in vote counting, the crypto market exploded. Assets that were correcting hard made 300% gains in days. If that happened on just election results, imagine what the actual inauguration could trigger.
Let not quickly forget that Bitcoin's previous all-time high came during Trump's first presidency. Yes, other factors like the pandemic, lockdown trading, and stimulus checks played their part, but one cannot ignore the correlation with Trump's presidency.
What This Means For Crypto Investors
The writing is on the wall: January 20th could mark a turning point for crypto. The technical setup is perfect, Trump is on record as pro-crypto, and we have history on our side. And while past performance isn't indicative of future results, the convergence of factors makes for a pretty good case for optimism.
Let this sink in for the skeptics: markets at times move on sentiment and expectations as much as fundamentals. With the crypto community this energized and aligned, January 20th could indeed mark the beginning of another historic bull run.
Whether you love Trump or hate him, watching your crypto portfolio on inauguration day could be the smartest thing you do. The path to profit sometimes takes funny turns, and this just might be the moment when the cryptocurrency world lights up.