Will Trump’s inauguration day be a ‘sell the news’ event for crypto? Analysts weigh in
Donald Trump’s victory in the presidential elections sparked a bullish sentiment among crypto investors, looking forward to the inauguration day. However, after an impressive rally, cryptocurrencies are cooling off and raising concerns of a possible “sell the news” event. Crypto analysts have weighed in on this matter, warning of a visible market fatigue, and potential top signals. Among these analysts, Arthur Hayes believes that investors’ expectations for Trump’s administration may be misaligned to reality. “I think there exists a wide gap between crypto investor’s high expectations for how quickly Trump can change things and the reality that there are no politically acceptable solutions available to Trump to quickly bring about such change. The market will instantly wake up to the reality that Trump has at best one year to enact any policy changes on or around January 20th.” – Arthur Hayes on “Trump Truth” ...