So in the build up to the Trump inauguration, we might see some investors hedging their wealth in commodities. Bitcoin has been very volatile the last few weeks. Do you think these investors will still use Bitcoin as a possible safe-heaven or would they rather turn to traditional safe-heavens like Gold?
Do you think this event would influence investors to move towards Bitcoin or Gold? How much would the final decision from the SEC on their long-proposed bitcoin exchange-traded fund (ETF) hamper the investment in Bitcoin by serious investors?
Give your view on this?
We have already seen an impact in the cryptoworld. I think Trumpcoin went up to x15, that's a ton of money out of nowhere all because of trump.
Maybe the current BTC rally is also due the psychological factor of expectation for a certain date. We may see 1000+ again for 20th, who knows. I think the people that sold at below 800 fucked up big time.