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Analyst: Crypto investors may "front-run" before Trump's inauguration in January next year
2024-11-27 11:31:30
Odaily News Matt Mena, crypto research strategist at 21Shares, expects crypto investors to engage in "front-running" behavior ahead of Trump's inauguration in January next year, similar to what happened before Election Day in November. At the time, investors drove up crypto prices due to excitement about Trump's eventual victory, and this early activity could generate the momentum needed to break through $100,000. Analysts believe that investors have great expectations for Trump's second term. The president-elect has publicly supported cryptocurrencies, hinted at the possibility of creating a national Bitcoin reserve, and is reportedly screening candidates for cryptocurrency-related White House positions. (businessinsider)