Election and Crypto Prices

No matter what you think of the election results, know this: Trump’s victory is unquestionably and extremely bullish for crypto prices.

 

Yesterday we wrote about how Bitcoin will not replace the dollar (HERE) and many people think we hate Bitcoin and cryptos in general.

 

Nothing could be further from the truth.

 

Because we go out of our way to emphasize that Bitcoin/cryptos are trading vehicles and NOT a store of value.

 

And like all commodities, they are subject to wild swings in prices.

 

Example:  Prior to Trumps historic spanking of the Democrat party, Bitcoin was trading at the 67,000-68,000 range.  And six trading days later (yesterday) it hit 93,000.

 

Do the math.

That is over 38% increase in a few days.

 

Ironically (or NOT) the election was shaping up to one of two outcomes:

 

• Either Dems win and the crackdown on crypto worsens, keeping innovation handcuffed and prices capped…
• Or Republicans gain sway and start to change things.

 

The results were conclusive, to say the least.

And we don’t just have a crypto-friendly president now.

Because over 250 pro-crypto candidates were elected to the House.

 

Meanwhile, Uber Creepy Crypto critic Sherrod Brown (the man behind the legal assault on crypto dubbed Operation Choke Point 2.0) lost his Senate seat in Ohio.

 

Rightfully so.

 

As a result, this will be the most pro-crypto Congress ever.

 

Crypto Prices

 

Get ready.

Because if you thought crypto prices were volatile before Trump won, prepare to be shocked at what they will do under a Crypto /friendly Administration.

 

Are we saying to sell your stocks and buy only Cryptos?

 

Absolutely not.

 

But if you are not participating in the Crypto market, you will most likely miss out on one of the biggest market moves in history.

 

Especially when you consider how governments have been pushing their CBDSs (Central Bank Digital Currencies).

 

And if you missed our article from October 28^th, “Will the IMF Replace the Dollar with XRP?” go back a read it (HERE).

 

But while we didn’t outright say you should buy XRP, we explained how their technology combines speed, low costs, and scalability with growing institutional adoption.

 

Translation:  A Central Bankers Wet Dream.

 

BTW, when we wrote the article, XRP was trading at $0.50 cents…Yesterday it traded over $0.70 cents.

And we hinted that it was a great buy with the following meme.

 

 

 

 

And speaking of great buys, be sure to read our November “…In Plain English” newsletter (HERE) where we highlight a stock that we used to hate but now see it a game changer for the future.

 

Share this with a friend…even if they don’t own any cryptos.  They’ll thank YOU later.

 

And tell them:

 

We’re Not Just About Finance

But we use finance to give you hope.

Support always welcome via the digital tip jar.

 

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