I think there is still opportunity for altcoins, and it may be the darkest hour before dawn.
The “Trump trade” in the crypto market should be divided into two stages:
The rise in the last two months of last year was the first stage, with the market hyping up expectations for positive crypto policies after Trump was elected;
The second stage has been reached after Trump took office as President of the United States. What is now being hyped is Trump's implementation of the encryption policy he promised.
Encryption policies Trump promised during his campaign include:
1. Fire Gary Gensler
2. Establish a national strategic reserve of Bitcoin
3. Prevent the U.S. government from selling its Bitcoin holdings
4. Roll out a comprehensive encryption policy
5. Reduce the sentence of the founder of Silk Road
6. End the US government’s suppression of the encryption industry
7. Repeal SAB 121
Among them, 1 and 5 have been implemented, but their impact on the market has been limited. The market is currently waiting for Trump to fulfill other promises with greater impact.
When the negative effects of the expected Japanese yen interest rate hike in January are exhausted this week, and Trump begins to fulfill other promises, it may be the time for the altcoin rally to start.
What are the concept coins of #Trump coming to power?