With the clear rise of the Trump administration and its open support for the cryptocurrency community, we have recently witnessed the issuance of the Trump meme coin just before his inauguration and its then subsequent devaluation.
Should we be surprised?
Perhaps not. So, what does this mean for digital assets?
Many people were expecting a rally at the inauguration, but they are now facing a correction.
Trump has made many promises, and now he must deliver on them. Do such actions bode well?
There are a few certainties. Occasionally, you can find patterns in the data, and all the information aligns. You can clearly see what might happen in any given situation. However, most of the time, we are either behind the curve or ahead of it, making it difficult to predict. Whatever the case, it will always carry a certain amount of risk.