Trump shouts that cryptocurrency can save $35 trillion in debt! Is the crypto market about to take off? Retail investors should avoid these 3 pitfalls
Trump has made strong statements in a private meeting: cryptocurrency can solve America's $35 trillion debt! He also said, “I love dealing with $35 trillion in cryptocurrency; the debt will be wiped out directly”! Previously, he has repeatedly claimed that Bitcoin can 'save America', and this time he directly addresses the debt, is the crypto market going crazy again?
First, let's look at the impact of this news on the market
Trump has his own traffic buff, institutions will definitely leverage this wave of emotional trading! When he mentioned Bitcoin before, the 'TRUMP coin' skyrocketed; this time, the 'Trump concept coin' is likely to fluctuate again. But be careful! He is just talking; there is no policy in sight, it’s pure emotional speculation, don’t take it seriously!
How should retail investors operate?
Don't chase the 'Trump concept coin'! Previously, when he mentioned TRUMP coin, it surged, and retail investors jumped in, now it's been cut in half! Such coins rise quickly but fall even harder; newbies touching them equals giving away money.
Lay in wait for real tech tracks! Trump said 'debt innovation', which is essentially financial reform; DeFi and Layer 2 are the tracks that can be realized, and only these are stable in the long term. For example, a certain DeFi leader fell to the bottom before, but now the ecosystem has developed, and it has tripled directly!
Control your position, don’t get carried away! The news-driven market is like a mad bull, rising sharply and crashing hard. Last time, a certain coin rose 30% in 2 hours, and the next day it crashed 20%; everyone without stop-loss got stuck. Keep your position within 30%, set stop-loss and take-profit levels, and run when you make a profit!
This wave is short-term emotional trading; can cryptocurrency save the debt in the long term? Who knows! But the crypto market is never short of opportunities; what’s lacking is the vision to see through the tricks! Want to know which coins institutions are secretly laying out next?
