The next big crypto crash might come from Donald Trump himself, and it’ll be the worst
The post The next big crypto crash might come from Donald Trump himself, and it’ll be the worst appeared on BitcoinEthereumNews.com.
Donald Trump won the election, Bitcoin is literally worth over $107,000 right now, and Wall Street’s now drooling over crypto like it’s the new gold rush. Sounds perfect, right? Except it actually isn’t. Thanks to Trump, crypto is sinking its claws deep into everything. Wall Street, banks, pensions, 401(k)s—places it never belonged. That’s great for investors I guess, but if you ask me and any other true Bitcoin believer, there’s a dark reality behind the hype. It is an unwritten law of the world that whatever goes up must eventually come down. So no matter how high Bitcoin goes, it will crash in the end. And the scary part is when it does, it’ll be the worst we’ve ever seen. Naturally, since the market has never reached current levels. The higher the stakes, the worse the crash. Just ask Wall Street bros. For years, crypto’s appeal was its independence from the system. Now, the system is embracing it. We’re not the rebels anymore, we’re the establishment. At the July Bitcoin Conference, Trump threw out an idea that stunned everyone—a “strategic national Bitcoin stockpile.” Analysts are taking this seriously. Under Trump, the U.S. could actually start hoarding Bitcoin like it’s gold. If that sounds insane, it gets wilder. This guy wants $15 trillion in Bitcoin reserves. Even before his election win, the floodgates were opening. BlackRock and other financial giants launched Bitcoin ETFs, giving ordinary investors access to Bitcoin through their brokerage accounts. Crypto is breaking into mainstream finance at full speed but with zero brakes. Trump’s crypto army is dismantling the rules – There will be costs After the last crash in 2022 when Bitcoin fell apart and billions evaporated, the industry didn’t actually stop. There was no new “killer app” or game-changing technology to win back trust. Instead, they…
Filed under: News - @ December 17, 2024 3:24 pm