Hey, everyone! With the elections coming up, there is a lot of speculation about what effect the results will have on the crypto market. Which candidate is considered more favorable to crypto, based on their campaign promises, is still uncertain.
In this clip:
- Trump's crypto-oriented campaign promises
- Possible FOMO buys if he wins
- Maintaining long-term DCA strategies
There is no guarantee that the victory of one candidate will be either positive or negative for crypto, or that it will have the huge impact people are speculating about. It's possible that if Trump wins, we might see some FOMO buys of BTC, but that doesn't mean the US government will start buying more.
As this is an unknown event, no one knows the results or how things will play out afterward. This creates a risk, so we could see people hesitant to hold as much going into it.
The elections are not the only influence on crypto, so despite the short-term effects the election could have, it won't change much about my long-term strategy.