A popular economist thinks crypto investors should be paying attention to the potential “Trump Trade” in the upcoming election. Alex Krüger, who has a large following on social media, believes a Donald Trump victory in the 2024 election could be good news for crypto.
Why Trump Could Be Bullish for Crypto
Krüger thinks a Trump administration would likely push for regulations that are friendly to cryptocurrencies, leading to more innovation and wider adoption.
Beyond Crypto: The Wider Economic Impact
Krüger also expects a Trump presidency to lead to:
- Tax cuts and increased government spending: This could result in higher inflation and rising interest rates, which could be beneficial for financial institutions.
- Deregulation: This could be good news for industries like oil and gas, steel, coal, and finance.
The Downside: Potential Losers
However, Krüger thinks a Trump win could be bad news for renewable energy and healthcare.
Trading the “Trump Trade”
Krüger emphasizes that investors should focus on the potential economic impact of a Trump victory, regardless of their personal political views.
Trump’s Crypto Stance
Trump has recently embraced crypto, even though he previously criticized it. His campaign has even started accepting crypto donations. This shift in stance suggests that he may be more open to supporting the industry if he returns to the White House.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. /p>
