It is no longer new thing that Trump victory has caused major stir up within the market, such as gold losing over to bitcoin.
Lot of investors are in one way selling their gold to secure some portion of bitcoin.
Gold has always been a profitable long-term investment, but it is too far compared to Bitcoin. That’s why many gold holders now feel it was a smart move to sell and seize the new opportunities bitcoin brings. We could even say that since Trump’s win, the entire market has changed. There’s uncertainty, but we can’t deny the fact that his influence boosts support for cryptocurrency, which has a huge impact on the market condition. This momentum strengthens bitcoin’s adoption and drives up its prices, creating even more potential for investors.
But when it comes to legal tender, we’re not quite there yet; it’s not just up to the president—it’s also in the voice of the people to decide.
To me i can say we are closer to that phase where we would be thinking of it, and of course when he finally sits there we can't give the exact action he would take over there either to make it as a legal tender or not. But i must say that we are gradually approaching to that stage but not yet maybe who know what is in his mind towards the next phase of bitcoin and cryptocurrencies at large. Though seems Gold has started gaining it's feet back over the uncontrollable Bitcoin surge.