He did not hide his intention months ago, so it is possibly that Buy the rumors, sell the news. Like Bitcoin Spot ETF rumors has its effects months before mass approvals in January 2024. After that, Bitcoin did not rise too much, like sell the news effect.
You can expect the same thing with Trump Inauguration day and its effect on Bitcoin price.
I was just thinking about that with today's price rise. That the price is rising in anticipation of Trump taking office, and that on Monday, even if he signs an executive order to buy bitcoin, the price will fall with the 'sell the news' effect. For those of us who invest for the long term, swings like these should be of little concern to us. I look at where the price is going to be at the end of 2025 and the end of 2035, among other dates. The short-termism of what happens today and Monday entertains me but doesn't affect me.
even when you are strictly a long-term investor, it is usually hard not to get involved in sentiment as this since this current bull has long been associated with trump more than the usual economic concept of bitcoin cycle that is playing its own rule in what we are currently seeing now and yet a lot of speculators are not basing their analysis from that point of view. for us that are investing for the long term, the price increase is just an added validation that tells that one is on track with regard our investment and even though the bull is already telling on our holding for better at the moment, it is still not enough reason to sell yet. like the buildup to the inauguration has caused this bull, there are chances that after the inauguration, some short-term investors will normally want to take out their profit which might lead to a likely correction but in the end, if he finally implements an order that is bullsih on bitcoin, that will cause another rise that will see bitcoin going to the range of $200k upwards.