TRUMP‘S CRYPTO PROMISES: THE WAIT IS KILLING US!!! 🤯
So, I’m waiting for Trump to make some moves on crypto, right? And what does he do? Nothing. Zilch. Zero. I mean, I’m not saying I’m a fan of the guy, but come on, make some moves already!
Anyway, the stocks closed down on the day after Trump’s first day in office. I mean, what a shock. Shares in Riot Platforms (RIOT) were down 4.85%, Mara Holdings (MARA) was down 1.76%, Terawulf Inc (WULF) dropped 6.88%, and CleanSpark (CLSK) dropped 7.67%.
Crypto stocks tumble, Bitcoin keeps climbing
And of course, the Bitcoin (BTC) buying firm MicroStrategy (MSTR) traded mostly flat, closing down 1.87% at $389.10 after recovering from an early morning 7% dip. Because, you know, that’s exactly what I want to happen to my investments – a 7% dip in the morning.
Meanwhile, Bitcoin continues its rebound toward its recent all-time high of $108,659 up 3.45% in the past 24 hours, trading at $105,770. Because, you know, that’s exactly what I want to happen to my investments – a 3.45% increase in 24 hours.
On Jan. 20, Trump returned to the White House and outlined priorities such as public safety, energy independence, government reform, and restoring “American values” — his pro-crypto campaign promises were notably absent. I mean, what’s the deal with that? Did he forget? Did he just not care?
And then, he goes and pardons Ross Ulbricht, the founder of Silk Road, on Jan. 21 — a day later than promised. Which, of course, has given crypto advocates hope that he would remain faithful to his crypto promises. Because, you know, a day late is just like a day early, right?
“If Ross Ulbricht got the pardon, we are definitely getting the Strategic Bitcoin Reserve,” said Bitcoin bull and venture capitalist Anthony Pompliano in a Jan. 21 X post. Yeah, sure, buddy. That’s exactly what I’m counting on.
S&P 500 sees a slight uptick
While crypto stocks were down, the overall stock market saw a slight uptick, with the S&P 500 rising 0.88%. Because, you know, that’s exactly what I want to happen to my investments – a 0.88% increase.
This came after markets were closed on Trump’s inauguration day for Martin Luther King Jr. Day. Still, optimism about a pro-business Trump presidency was evident right from the opening bell. Because, you know, that’s exactly what I want to happen to my investments – a pro-business Trump presidency.
The US dollar Index continued its decline, pulling back 1.27% from a Jan. 15, two-year high of 110 to currently trade slightly above 108. Because, you know, that’s exactly what I want to happen to my investments – a decline in the US dollar Index.
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2025-01-22 07:10