Hold On To Your Butts.
TL;DR
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With Biden out, the Dems have a chance to embrace crypto, ETH ETFs launch at the moment, Gary Gensler is rumored to be stepping down, and Trump may be about so as to add BTC to the US’ steadiness sheet. 🤯
Full Story
Babe, get up! New crypto narratives simply dropped!
Proper now, it kinda appears like years are taking place in weeks.
And when social/political occasions occur at an elevated velocity, new narratives enter the markets — giving buyers new alternatives to try to entrance run potential future occasions (aka: make investments extra $$$)
Right here’s the most recent batch of narratives:
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Now that Biden has bowed out, the Democrats have a chance to embrace crypto (and vacuum up a few of these candy, candy political funding {dollars} which can be sloshing across the crypto area proper now).
Extra events supporting crypto = extra funding over time.
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The Ethereum ETFs are set to launch at the moment! Which implies we are able to all begin to monitor the normal finance {dollars} getting into the altcoin area every day.
(Including to the momentum generated by the Bitcoin ETFs).
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Gary Gensler (the anti-crypto SEC chair) is rumored to be stepping down as quickly as February, now that Biden isn’t operating.
The potential for a brand new, pro-crypto SEC chair is sufficient to ship markets right into a frenzy in some unspecified time in the future.
Oh, there’s that, and…
There’s rumors that Donald Trump will announce his intention so as to add Bitcoin to the US treasury, when he speaks this Saturday on the Bitcoin Convention in Nashville.
IF (and it’s nonetheless an enormous ol’ IF) that occurs, it may set forth a shopping for frenzy by no means earlier than seen within the crypto area.
Maintain on to your butts.
