Trump apparently has plans not only for his hair, but also for a crypto revolution. According to insiders, he wants to make the US the ‘crypto capital’ of the world. A bit like Amsterdam is the capital of drugs (we’re back on track), but with more virtual coins. And with his win, they say, the strict regulations we know under the current administration of Joe Biden would go up in smoke. The thought that Trump might open a free market for crypto feels like an all-you-can-eat buffet to investors. The peak of Bitcoin is also attracting other crypto coins. Ethereum, the number two, is climbing happily to 2,500 euros, while Dogecoin, owned by Elon Musk, is having a party with a jump of 18%. That was probably another reason for the Tesla CEO to give away a million to Trump supporters every day. Investors seem to have gone into full FOMO mode. Because who wouldn’t want to be part of this virtual gold mine? However, everyone is advised to take a breath, as this could just be a short peak. With the elections not yet fully counted, we are seeing the first movements in crypto. And if Trump makes good on his promise, we could just get an official national Bitcoin reserve, with the US leading the way. But America remains America, so tomorrow the market could crash again just as quickly if Trump decides to change his mind on digital currencies.
