There shouldn’t be much pressure in the short term.
The market had already fully priced in a loss in the midterm elections. The impact of the Binance hack on the market, along with the sharp pullback in U.S. stocks, has also been priced in for the short term.
As for the impact on crypto policy of Trump losing control of both chambers of Congress, it won’t be as great as people imagine. After all, even with policies getting the green light over the past two years, hasn’t the market still seen all kinds of “black swan” events?
We should see another small peak. As for a sustained bull market, I never expected one in the first place, but that doesn’t affect my short- to medium-term holdings. I still have some hopes for a meeting between the three great powers: China, the U.S., and Russia.
A little over a month from now, I’d rather see the market take another hit after the Democrats take control of both chambers, clearing out assets with no real demand. I’d rather that than see all assets ride on liquidity to create another fake bull market.
$BTC $ETH #btc #eth
The market had already fully priced in a loss in the midterm elections. The impact of the Binance hack on the market, along with the sharp pullback in U.S. stocks, has also been priced in for the short term.
As for the impact on crypto policy of Trump losing control of both chambers of Congress, it won’t be as great as people imagine. After all, even with policies getting the green light over the past two years, hasn’t the market still seen all kinds of “black swan” events?
We should see another small peak. As for a sustained bull market, I never expected one in the first place, but that doesn’t affect my short- to medium-term holdings. I still have some hopes for a meeting between the three great powers: China, the U.S., and Russia.
A little over a month from now, I’d rather see the market take another hit after the Democrats take control of both chambers, clearing out assets with no real demand. I’d rather that than see all assets ride on liquidity to create another fake bull market.
$BTC $ETH #btc #eth