🤯Cryptocurrencies are starting to take more and more political attention!

Donald Trump said he's going to accept cryptocurrencies as donations for his electoral campaign. The cryptocurrencies that have been mentioned were $BTC , $ETH and $DOGE . 

This doesn't come as a total surprise given how he had an optimistic stance towards cryptocurrencies a few years ago. 

What does this mean for cryptocurrencies? This is an overall bullish signal for the long term for this market, taking into account that this year is an electoral year and that cryptocurrencies are becoming increasingly popular. 

I will personally keep an eye out for the election period at the end of this year. Given how the Federal Reserve has always been a thorn when it comes to the adoption of crypto, a new president which has an optimistic view on crypto might signal a significant change in the trajectory of the evolution of the market.

As usual, Do Your Own Research (DYOR) and don't take anything for granted and make sure to analyze other market factors as well such as how liquidity moves, where, when as well as stay in touch with major events going on in the world as they can be the catalyst for major price changes.