Both chambers have flipped blue, so Trump’s next two years are going to be eventful. Congressional investigations could come one after another, and impeachment may be back on the table.
The political chess game around U.S. stocks is incredibly complex. As for crypto, things probably won’t go well. Democratic lawmakers have had their eyes on the Trump family’s crypto businesses and alleged conflicts of interest for a long time. If hearings really happen and they start asking who profited from what, how much premium will be left in the coins propped up by “Trump tailwinds”?
Bitcoin’s rally this cycle, triggered by Trump taking office, started around 67,000–63,500. This is a level worth keeping an eye on.
The political chess game around U.S. stocks is incredibly complex. As for crypto, things probably won’t go well. Democratic lawmakers have had their eyes on the Trump family’s crypto businesses and alleged conflicts of interest for a long time. If hearings really happen and they start asking who profited from what, how much premium will be left in the coins propped up by “Trump tailwinds”?
Bitcoin’s rally this cycle, triggered by Trump taking office, started around 67,000–63,500. This is a level worth keeping an eye on.
