Analysts: Crypto investors may exhibit "front-running" behavior before Trump's inauguration in January next year

2024-11-27 19:35:43

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ChainCatcher news, 21Shares' crypto research strategist Matt Mena expects that crypto investors will exhibit "front-running" behavior before Trump's inauguration in January next year, similar to the situation before the U.S. presidential election in November. At that time, investors drove up crypto prices due to excitement over Trump's eventual victory, and this early activity could generate the momentum needed to break through the $100,000 mark.

Analysis suggests that investors have high expectations for Trump's second term, as the incoming president has previously expressed public support for cryptocurrencies and hinted at the possibility of creating a national Bitcoin reserve, and is reportedly screening candidates for White House positions related to cryptocurrencies.

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