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?
I don`t care about the Trump inauguration.When Trump was elected as president there was a small increase in the bitcoin price for only 24 hours.
Serious investors don`t care much about his inauguration,they care about his economic policy.
Of course the practical effects of the inauguration days will be negligible, but may be used for the manipulators to justify a short term pump and dump. Like if price rises all of sudden with no news, people will think about manipulation and won't buy or will sell, but with this event they may think the rise was because of the inauguration day and will buy or not sell until the "correction"
May be a good opportunity for some shorting.
Or if terror attacks the price of BTC and safe assets may really increase, we all know many people are really pissed off because of Trump