"Trump has long held a critical stance on crypto but recently began to warm to it..."
That's how one of the last paragraphs of the latest news article by CryptoSlate regarding Trump and crypto ends. So, he's been reticent and quite "not friendly" towards crypto, but all of a sudden, he became the total opposite. Right in the middle of his presidential campaign.
I called it; yes, I did it through multiple posts a few years ago when I was saying that at some point, presidents and whole nations will fight each other over who is more crypto-friendly. Trump's latest remarks and him calling himself the "crypto president" are just the beginning.
Now, while I consider Trump to be a better option than Biden, I do not fall for Biden's campaign. Every candidate, every four years, comes with the promise that he will do this and that and that he will be so different than the others. Trump likes to say that he will do "this and that" the second day he will get in the office.
Well, he had the chair for two mandates; what has he done? If he was such a chad as he likes to portray himself, he would have pardoned Assange, freed Ulbricht, and stuff like that. He ain't that way though. Or better said, he won't be allowed to do all of these, but that doesn't mean we don't have a reason to be bullish on his statements.
Considering we are in a bull market and the trend is up, we should cheer any extra fuel added to the fire. At least I am, but I am also very reticent in believing everything a political candidate has to say.
We are going to go to Vallhala, though, that's for sure, despite how pessimistic the masses are. What the masses are missing, though, is the fact that Bitcoin has already nailed a new ATH before the halving, and usually, the real fun, especially for alts, comes after the halving.
There will be life-changing money to be made; there will be coins that will blow your expectations by a large margin, many will sell too soon, and others will make the same mistake most of us did by now: ending up carrying underwater bags into the next bull market.
When everyone believes the bull market to be what it actually is for the past year or so, it will be all too late. Mass adoption doesn't come overnight, and a president like Trump won't change much about the crypto landscape, so I would highly advise anyone to secure some profits once we get to Vallhala.
The slope down will be as steep as the one up, no doubt about that. And when crypto gurus come with outrageous price targets for this cycle, such as $1 million BTC, it's time to get out for me. I do believe that crypto will gradually find its way in our society, but not so suddenly.
Cash will be king during a recession/depression, and we might have one sooner than many believe it to happen. The ride to Vallhala will be a wild one, and once we get there, it will all seem so intoxicating. It's going to be worth it.
Thanks for your attention,
Adrian