Investing in crypto before Trump's inauguration could be beneficial due to his pro-business stance
From Nasdaq
December 12, 2024 06:02 AM:
- President-elect Donald Trump’s return to the White House could be a big year for cryptocurrency. Trump is known as the "crypto president" and has a pro-business stance, sparking interest in investing in crypto before his inauguration.
- The U.S. government is expected to have a more favorable regulatory posture towards cryptocurrencies during Trump’s administration. Market momentum for Bitcoin has increased, with institutional interest growing due to ETF approval and price milestones.
- Institutional investors may feel more comfortable entering the crypto space under Trump’s presidency, potentially driving prices upward. A strategic national Bitcoin stockpile is being considered, aligning with Sen. Cynthia Lummis’ Bitcoin Act and aiming to strengthen the U.S. position in digital fiat.
- Despite potential benefits, three reasons to hold off on a crypto investment include high volatility, regulatory uncertainty, and lack of tangible assets. Cryptocurrencies lack intrinsic value and proven use cases, making it challenging to predict their future success. It’s important to invest cautiously.
- GOBankingRates remains nonpartisan and objective in covering politically focused finance stories. For more coverage on this topic and others, visit GOBankingRates.com. Stay informed on the evolving landscape of cryptocurrency investments and political influences.
Read more at Nasdaq: 4 Reasons To Invest In Crypto Before Trump’s Inauguration and 3 Reasons Not To