So today Bitcoin hit a new All Time High going very close to $77,000.00, right now it sits at $76,000.00. I guess everyone was hoping and expecting this to happen.
Now why did this happen? Is it just a fickle reaction to Trump winning the US election? Because actually I don't think Trump will make much difference to Crypto, after all he does not make economic policy, despite anything one might hear.
Of course a good word from him as President could go a long way and be seen as a positive. But overall I think in the long run that won't have much of an effect on Crypto. So if that is all this run is based on it will soon run out.
Because what was the idea? If Trump wins all is good for Crypto? What if he hadn't won? Would that have been bad news for crypto? No, policy is policy, and things are planned well in advance, a new President might change things a little, but despite everything you see in the propaganda, US policy has remained pretty much the same over the years, regardless of who sits in the Oval office.
But, even if the US plays a considerable part in the destinies of Crypto there are other powerful players in this World and they too have a say in this matter. Better said I think it is better to just wait and see what happens than try to predict the future. In the meantime just bask and enjoy the market.
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