Bitcoin - Did Trump Just F*ck The Market?

Introduction

The speaker, Sam, discusses the recent events surrounding Donald Trump's presidency and its impact on cryptocurrency, particularly Bitcoin.

Trump's Executive Orders

Trump signed eight executive orders on his first day, but none of them related to cryptocurrency. This has caused concern among crypto enthusiasts, who were expecting some announcements about Bitcoin or crypto.

Trump's Team and Crypto

Despite the lack of announcements, Trump's team has invested $100 million in various cryptocurrencies, including Bitcoin, Ethereum, and others. This suggests that Trump may still be supportive of crypto, but is taking a more strategic approach.

Market Volatility

The crypto market has experienced significant volatility, with Bitcoin's price fluctuating between $100,000 and $110,000 in a single day. Sam advises viewers to be prepared for more volatility and potential shakeouts.

Positive Developments

There are some positive developments in the crypto space, including:

• Utah is creating a strategic Bitcoin Reserve bill, which could invest up to $1 billion in Bitcoin.
• Trump is appointing a pro-Bitcoin chairman to the SEC, which could lead to more favorable regulations for crypto.

Conclusion

Sam believes that Trump has not abandoned his support for crypto and that there will be more announcements in the future. He advises viewers to stay informed, be prepared for volatility, and take advantage of trading opportunities.