💭There is a lot of talk about the elections in the USA and how they might affect prices in the crypto market. I also mentioned this, but now I will explain this point in more detail.
Let's start with the fact that before the previous elections, the market was also in a volatile state, and after the elections, a powerful bull run came. This year is no exception and we are currently witnessing similar impulsive price changes.
You probably know the candidates: Donald Trump and Kamala Harris.
The first one is particularly interesting to us, because during his last presidential term, the first powerful bull run occurred in 2017. Trump became so involved in the crypto sphere that he started to support it, and even now there is a meme coin MAGA (which, by the way, stands for 'Make America Great Again' - Trump's main slogan) in his honor. His victory would bring us a renewal of all historical highs and an expected strengthening of the dollar, according to his campaign promises.
If Harris wins, analysts do not expect such a strong price increase. But there won't be a significant drop either, as Kamala has also promised to support digital assets. What will actually happen - we cannot know, as this is incredibly valuable information and they won't be broadcasting it everywhere.
💡The question remains: what should we do now?
There isn't much to do anymore, just keep an eye on the news and the market, avoid making foolish mistakes and attempts to accumulate more assets, as we have already built our portfolios quite well with very good discounts, one could say.
As a well-known saying goes: 'We prepare for Harris's victory and get a portfolio boost, while hoping for Trump's victory and pulling some decent x's from it.'
The most important thing is to stay calm and composed, and I will keep you updated on all events. Protect yourself from FOMO.