SOL - Trump's Crypto Pivot Is Bullish...But For Whom? Mad Crypto Money With Ivan | Benzinga
gm,
I’m Ivan and welcome to my weekly column Mad Crypto Alpha.
Trump Is Right…
You read that right.
Donald Trump flip-flopped on crypto last week.
And in the viral video clip documenting Trump’s totally-not-surprising pivot, Trump only says true things from second 17 onwards:
"If you like crypto in any form, and it comes in a lot of different forms, if you're in favor of crypto you better vote for Trump."pic.twitter.com/WAT5MYuXUC — Cory Klippsten | Swan.com 🦢 #Bitcoin (@coryklippsten) May 11, 2024
- Gary Gensler is against crypto.
- The Democratic Party has a lot fewer pro-crypto members.
- Crypto comes in many forms (such as Trump’s own meme coin).
- Thus, Trump is less likely to be against crypto.
Alright, even if Trump is right…why should you care?
…And Everyone’s Losing Their Mind
As long as things go according to plan and only regulators and Congresspeople comment on crypto it’s all fine.
But as soon as Trump comments on crypto…
The following anecdote will tell you all you need to know to position yourself correctly for maximum chance of profits going into election season.
It was all nice and quiet on Crypto Twitter following Trump’s 180 until Blockworks’ opinion editor Molly Zuckerman chose to poke the hornet’s nest by giving a — wait for it— different opinion *audience gasps*.
Crypto Twitter has been especially horrible this week in showing support for pro-crypto politicians just because they are pro-crypto
Crypto is not enough to sacrifice your principles — voting crypto shouldn't be at ...