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Let's talk about another thing. President Trump, who was highly anticipated and considered friendly to crypto, has been in office for over a year now, right? How has the industry fared this year? And he even cut interest rates…
This round of Bitcoin's rise was largely completed during the interest rate hikes, and then a small portion was completed after the first rate cut.
Then came Trump…
And his "friendship" is more like "I love you, but you need to give me money to spend"—a "friendship" that makes it easier for him to make money.
The point of this discussion is that Trump cares more about the stock market because it's one of the lifelines of the US economy. The crypto is merely where he makes his money. He might indeed promote some things, but they're all just a way to make money for himself—a so-called gesture of goodwill. It's like a scumbag man manipulating a woman's emotions purely for her money and body, not for a long-term relationship.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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