<\/p>\n
A popular economist thinks crypto enthusiasts should factor the \u201cTrump Trade\u201d into their portfolio decisions.<\/p>\n
Alex Kr\u00fcger tells<\/a> his 177,300 followers on the social media platform X that a November election victory for former president Donald Trump will likely be bullish for crypto.<\/p>\n \u201cReason: Trump\u2019s administration might pursue supportive regulations for cryptocurrencies, fostering innovation and adoption.\u201d<\/em><\/p>\n Kr\u00fcger believes a future Trump Administration will implement tax cuts and increased government spending, which he thinks could lead to \u201chigher inflation expectations and rising long-term interest rates, resulting in a steeper yield curve.\u201d<\/p>\n A steep yield curve indicates that yields on long-term bonds are rising faster than yields on short-term government-backed securities. It is often witnessed during the early stages of an economic expansion.<\/p>\n The economist also says Trump will likely pursue deregulation, which could be bullish for oil and gas, steel, coal and the financial industry.<\/p>\n \u201cDeregulation in the financial sector could reduce compliance costs and increase profitability for financial institutions. A steepening yield curve is also beneficial for financial institutions, which profit from the wider spread between short-term borrowing rates and long-term lending rates.\u201d<\/em><\/p>\n Kr\u00fcger thinks a Trump victory will be bearish for renewable energy and healthcare, however.<\/p>\n \u201cYou can trade around Trump winning even if you dislike Trump. Don\u2019t let your political orientation affect your perception of odds or how to trade these odds.\u201d<\/em><\/p>\n In a bid to raise campaign funds and differentiate himself from President Joe Biden, Trump, who survived<\/a> an assassination attempt over the weekend, has staked out a position<\/a> as a crypto-friendly candidate this year, though he previously described digital assets as \u201ca disaster waiting to happen.\u201d<\/p>\n In May 2018, while serving in the Oval Office, he also reportedly directed then-Treasury Secretary Steven Mnuchin to \u201cgo after Bitcoin [for fraud].\u201d<\/p>\n Trump\u2019s 2024 presidential campaign has started accepting crypto donations,\u00a0receiving $2 million<\/a> worth of Bitcoin (BTC<\/a>) from Gemini crypto exchange co-founders Tyler and Cameron Winklevoss.<\/p>\n In May, a jury\u00a0found Trump guilty<\/a>\u00a0on 34 felony counts related to falsifying business records ahead of the 2016 presidential election.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: DALLE3<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A popular economist thinks crypto enthusiasts should factor the \u201cTrump Trade\u201d into their portfolio decisions. Alex Kr\u00fcger tells his 177,300 followers on the social media platform X that a November election victory for former president Donald Trump will likely be bullish for crypto. \u201cReason: Trump\u2019s administration might pursue supportive regulations for cryptocurrencies, fostering innovation and […]<\/p>\n","protected":false},"author":2,"featured_media":345359,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-345357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/345357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=345357"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/345357\/revisions"}],"predecessor-version":[{"id":345362,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/345357\/revisions\/345362"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/345359"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=345357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=345357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=345357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\n<\/p>\nDisclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n