The bizarre political bedfellows of Donald Trump and crypto libertarians/Silicon Valley billionaires is sending shockwaves. But for investors, this unlikely alliance could prove to be a money-minting opportunity.
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Here's why:
• A Trump win in 2024 likely ushers in a crypto-friendly regulatory utopia
- Less stringent SEC rules on crypto projects/firms
- More clarity after years of regulatory ambiguity
• Trump's tax cut bonanza is a dreamscape for crypto investors
- Lower taxes on crypto investments and operations like mining
- Turbocharging profitability for crypto companies
• The "Bitcoin Brahma" in the White House?
- Trump has floated the idea of the U.S. buying bitcoin as reserves
- Lending credibility and driving wider adoption
• Safe haven kingdom if Trump kneecaps the U.S. dollar
- Potential higher tariffs could weaken the greenback
- Igniting demand for bitcoin as an inflation hedge
• Cash tsunami into crypto/tech as wealthy allies double down
- Silicon Valley VCs and affluent crypto advocates are all-in
- Their dollars could spark a sector-wide investment euphoria
But securing the bag isn't a given. A potential fly in the ointment?
• Kamala Harris has her own tech ties and unclear crypto stance
- Her VC background but unclear regulation approach murky
No matter what, investors need to buckle up for volatility. Because one thing's clear: Trump's curious new crew of backers is rattling the cages of power in unprecedented ways. The only question is, will your portfolio be along for the lucrative ride or headed for a wipeout?
