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#TrumpDisclosesOver100MBTCETH
🪙 Trump’s $100M+ BTC & ETH Disclosure. Is This A Sign For Crypto Or Just A Political Story?
The news that Trump has over $100 million in BTC and ETH is big. It gets the attention of people who trade crypto and those who watch the picture.
To be honest I think this is more than about how much money Trump has in crypto.
What it really means is that crypto is becoming more accepted.
A years ago it would have been surprising to see important politicians investing in crypto. Now it seems normal. This change is important because markets are affected by how people think about them not by how much money is in them.
That is the side of this story.
When important people like Trump invest in Bitcoin and Ethereum it makes others think that crypto is a way to invest their money. This can make people more confident in crypto in the run.
People who trade crypto should not get too excited about this news.
Just because someone rich invests in crypto it does not mean the price will go up.
That is the reality of the situation.
Sometimes these stories make people excited for a time but they do not actually change the market. People get excited talk about it on media and try to make money from it. But the price of crypto still depends on how much money's in it what the rules are and what is happening in the world.
That is what I am watching.
Will this news really change how people think about crypto?
Will big investors start to buy crypto?
Is this just a story that will make the price go up and down for a little while?
My opinion is that the amount of money Trump has in crypto is interesting.
What is more important is what it means.
Crypto is no longer on the outside of the groups. It is becoming a part of the financial and political world.
That changes the story of crypto in the run.
In markets people often start to invest in something and then all of a sudden.
What do you think. Is this news really good, for crypto. Is it just a big story that will not last?
#GateSquare #BTC #ETH