The post OpEd: A Warning For FOMO Followers appeared on BitcoinEthereumNews.com.

Here we are – banging the liquidity drum again! With Bitcoin around an all time high – and DOGE raging, words of caution may not be welcome right now in the crypto markets. We don’t care! Here is the cold water… We all love a crypto rally – but this one looks suspicious. It’s pretty clear that Trump’s election was the trigger for this pump – and that is cause for concern. McTrumper isn’t the US President yet. That happens next year. We all know how fast cryptos can move – both up and down. The BTC pump from the $60k handle to almost 90k took a few trading days. Smaller tokens – looking your way DOGE – are up over 300% in the same few days. On a long-term investment horizon BTC at $85k is likely a good buy. In the short term – this rally could be a head-fake that causes a lot of pain. The Positive Take As long as the US political system sees a peaceful transition of power, crypto prices will move up over the next few years. The “Biden” administration was harsh on cryptos – and that appears to be over. President elect Trump is all about the USA – and punishment for any nation he sees as an economic enemy. That means a pro-USD stance, which may help cryptos grow as a means of global trade settlement. If Trump sees the BRICS as a larger threat than BTC – we could see major issues for anyone trading outside of the USD system. The global crypto system is already up and running, so anyone could use it for cross-border settlement. In his last Presidency, Trump went hard on China – and this is likely to happen again. Chinese and Russian companies already use USDT…

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Filed under: News - @ November 19, 2024 9:26 am