Trump In: What Next For Bitcoin? The One Chart You Need To See

With Trump heading into the White House, crypto denizens can breathe a sigh of relief. While the Democrats would have continued to suffocate crypto to the point of irrelevance, there is now a good chance that the U.S. will take crypto to the next level.

Don’t believe all the nonsense about bitcoin, etc. killing the dollar; bitcoin is the dollar. Then of course there are the stablecoins, which are just another form of digital dollars. Whilst crypto is built on anti-authoritarianism, if it has a future it’s not going to remain in that camp.

If Trump remains pro-crypto, it will offer the U.S. an opportunity to steal a march on many of the major economies that can’t allow crypto because they rely too much on financial and often political repression. With crypto currently bound to the dollar it will give the U.S. a lock on this potentially revolutionary technology and enable it to maintain and increase its head start.

But enough of all this futurism, what happens next? Bitcoin is going up as predicted in my recent articles pre-election.

Here is the chart:

Barring outlandish developments, bitcoin and therefore crypto in general, is going to run up to the inauguration. Then it should continue to do okay at least for the next couple of years. However, we have to remember that bitcoin goes boom, bubble, bust… boom bubble bust… So after this oncoming run up it’s best not to fall into the trap of bitcoin to the moon, $1 million a coin here we come.

It’s hard to know but my feeling is we will get the bust part of the cycle followed by the next cycle up in due course, rather than suffer a big government strangulation. This will also set new project kick off again because we can hope that U.S. regulators will focus on the many crooks in crypto rather than try and snuff out legitimate projects with massive value add like so many of the excellent projects that have been under fire for no good reason than they tip up the apple cart of the established fiat players. This should consequentially spark a new set of innovation and all the consequent wealth creation that will go with it.

So the way to go is: Hold on to your crypto and ride the wave to the point you can’t sleep or you feel the run is done. Do not be lulled into dreams of bitcoin to infinity.

Take profits when you feel it’s right and plough into:

• Good old projects poisoned unjustly by the current administration
• New quality projects that start to appear.

Try to miss any post boom bust then buy the next bottom.

Crypto lives to fight another day rather than fights to live another day and with the right political developments ahead looks to a bright future. Let’s hope Trump delivers on his promises because crypto will need at least four more years to get beyond its detractors’ abilities to make a comeback and wreck it.

However, for now, it’s blue skies, calm seas and a fair wind ahead for bitcoin.