$MicroStrategy(MSTR)$
With BTC trending above USD $60K and rate cuts in sight, keep the above BTC derivative stocks in sight! šš
Things are starting to get interesting for the crypto space!! š„š
BTC has been trading sideways from $49K to $68K in the past few months. It has fallen to USD $52K recently on 6 Sept before rebounding to its current USD $60K. Could BTC's current run up be sustained? šš
With the upcoming FOMC meeting on 17 / 18 Sept where rate cuts are 100% certain, would you trade the above stocks?
š„ In recent news, Trump plans to launch his sons' crypto business (World Liberty Financial) on Monday, 50 days before Election Day.
š„ As part of his presidential campaign, Trump has pledged to turn the United States into the 'crypto capital of the planet'. Although some are concerned that Trump could be using the federal government to help support a business tied to his family, I believe Trump is merely doing so to show his ardent support for the cryptospace. Afterall, Trump is a recent crypto-convert and used to be skeptical of crypto; causing skeptics to 'disregard and downplay' his pledge to building up the cryptospace initially. Now we can see that he is talking business and taking crypto seriously by dabbling in it.
š„ Should Trump win the presidential election on Nov 5th, crypto stocks are bound to fly. However, even if Kamala were to win, crypto stocks may dip abit at first and continue on its upward trajectory. Why? Investors do not like uncertainty, and right now, the presidential elections represent some form of uncertainty. Once a clear result is out, and rate cuts are in place, BTC and it's derivative stocks will sky rocket, whether or not Trump or Harris wins.
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Think Trump will win and drive crypto stocks up!! [Miser] [Miser] [Miser]