Trump hype and Correction

The crypto hype around Trump is dubious. In a 2021 Fox News interview (https://video.foxbusiness.com/v/6257768965001), Trump called Bitcoin a scam. As the 2024 election approach, his rhetoric on cryptocurrency regulation has softened. He has won the sympathy of the voters from crypto industry by changing his statements about crypto. He is probably not a fan of cryptocurrencies at all, time will tell.

In any case, the current crypto boom and excitement are artificial. ETFs and MSTR played a special role, making significant purchases. The first ones don’t risk their money, but invest the money of trusting investors. And the latter, in our opinion, are actually risking future bankruptcy if the price of the first cryptocurrency falls below $60,000.

And again, everyone is buying Bitcoin to sell it later for a higher price. But will people buy it at $110,000 or $120,000 when all this hype is over? There is huge doubt.

Over the past 30 days, long-term holders sold ~830K Bitcoins for ~$82B to retail investors (Cryptoquant). These retail investors may become "hamsters". The fact is that a correction is beginning, related to the negative military-political and economic situation in the world.

Now is the best time to sell.

Also https://x.com/realDonaldTrump/status/1149472282584072192

#DYOR

$BTC , $ETH , $XRP