The dust has settled. The Democrats really did sweep both chambers, so Trump’s next two years are going to be tough. He’ll have to watch the other side’s reaction before trying to pass anything.
We talked about this scenario before: a Democratic sweep, tighter fiscal policy, and a heavy regulatory hand. That expectation has now become reality, and the market has already started pricing it in. That’s also why tech stocks got hammered last night and ETF outflows were so heavy—everyone’s worried the Democrats will crack down hard on tech giants and crypto once they take office.
So is this good or bad for us?
In the short term, the uncertainty has played out. Now that the result is in, there probably won’t be any more ugly vote-counting disputes, and the biggest uncertainty is gone. That could actually set the stage for a “sell the news” reversal.
But don’t celebrate just yet. The Democrats may be less crypto-friendly than the Republicans, but our crypto industry did spend over $200 million on political donations this time, and they took the money. They can’t ignore us completely. The key thing to watch next is how they set the tone for digital asset regulation.
As for trading, don’t bet on just one direction. Wait for the U.S. market to open tonight and see whether the Nasdaq can find a floor and whether Bitcoin can hold around $76,000. If they hold, we could see a sentiment-driven recovery; if not, we’ll have to keep grinding out a bottom. Keep some powder dry and watch the show. $NVDAB $BTC
We talked about this scenario before: a Democratic sweep, tighter fiscal policy, and a heavy regulatory hand. That expectation has now become reality, and the market has already started pricing it in. That’s also why tech stocks got hammered last night and ETF outflows were so heavy—everyone’s worried the Democrats will crack down hard on tech giants and crypto once they take office.
So is this good or bad for us?
In the short term, the uncertainty has played out. Now that the result is in, there probably won’t be any more ugly vote-counting disputes, and the biggest uncertainty is gone. That could actually set the stage for a “sell the news” reversal.
But don’t celebrate just yet. The Democrats may be less crypto-friendly than the Republicans, but our crypto industry did spend over $200 million on political donations this time, and they took the money. They can’t ignore us completely. The key thing to watch next is how they set the tone for digital asset regulation.
As for trading, don’t bet on just one direction. Wait for the U.S. market to open tonight and see whether the Nasdaq can find a floor and whether Bitcoin can hold around $76,000. If they hold, we could see a sentiment-driven recovery; if not, we’ll have to keep grinding out a bottom. Keep some powder dry and watch the show. $NVDAB $BTC