Todays Top Stories

Editor: @PhoenixxDown

Trump's Inauguration: Boom or Bust for Bitcoin?

Let’s address the elephant in the room: is Trump’s inauguration bearish for Bitcoin?

Surprising to some, there’s a growing sentiment that it might be. Speculation stems from expectations built up during the election campaign, with Trump becoming notably pro-crypto and even floating the idea of a Bitcoin strategic reserve.

Critics suggest the hype surrounding these promises might deflate as the realities of policy-making set in. On the other hand, when Crypto Twitter forms a consensus, the market often goes in the opposite direction!

Let’s dive into the details and weigh the possibilities.

Promises, Expectations, and Market Reactions

At the Bitcoin 2024 conference, Trump pledged to make the U.S. the “crypto capital of the world.” His critiques of the current administration's regulatory stance and a promise to fire SEC Chair Gary Gensler on Day 1 were music to the ears of Bitcoiners, propelling Bitcoin to break the $100,000 mark and beyond post-election.

However, the actual market impact post-inauguration may be more complex.

Analysts suggest that while Trump’s election initially boosted Bitcoin prices, there could be a correction as investors assess the feasibility of his promises. "Sell the news" reactions might kick in if traders believe his campaign rhetoric won’t translate into actionable policies anytime soon.

The Bullish Case

Despite skepticism, some remain optimistic. Cathie Wood has doubled down on lofty Bitcoin price targets, speculating that Trump’s presidency could spur private-sector crypto adoption. There’s also the notion that Trump might leverage Bitcoin as a means to woo younger voters by enabling wealth creation—a potentially strategic policy objective.

The Bearish Case

Yet, not everyone is convinced. Arthur Hayes has warned of a potential “harrowing dump” around the inauguration, emphasizing the speculative and volatile nature of crypto markets. Skeptics also question Trump’s ability to follow through on his promises, citing political hurdles and economic constraints that could temper his pro-crypto stance.

The outcome remains uncertain. A Trump administration might pave the way for deregulation and greater institutional adoption, potentially driving Bitcoin prices higher. Conversely, volatility and corrections are likely as the market evaluates the substance behind his campaign promises.

The real alpha here? Stay flexible. As discussed in yesterday’s issue, ensure you’re prepared for all possible scenarios. Don’t be caught all-in on a single outcome—adapt to the market as it unfolds.

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Todays Markets

Catch up with @CryptoLandy in yesterdays Friday Wrap-Up:

Ordinals

The spotlight today is on OMB, with an impressive 37% surge in daily value pushing their Orange Eyes floor to 0.21 BTC! Meanwhile, Green Eyes aren't far ahead at 0.27 BTC, positioning them as the value buy for those with the capital to invest.

What’s driving this renewed interest? Rumors suggest that unlisted holders of OMB and Bitcoin Shrooms might be eligible for something big, fueling speculation and volume.

In the midst of the buzz, NoOneSees, a free mint collection, has captured attention and is now trading around $125. Several influential accounts on X have taken notice, adding to its momentum.

Elsewhere, NodeMonkes spend another day in the lower half of the top 10, generating under 2 BTC in daily volume.

Rounding out the top 10 are familiar big-name collections, with Abstract—a visually stunning art project—securing 10th place with a 14% increase on the day.

Things are looking good!

Runes

And now to the part of the newsletter we dread every morning.

The downward trend continues, with $PUPS being the only asset to show an increase today. The silver lining is that the declines are less dramatic, suggesting we may have found a bottom range for some tokens.

$GIZMO posted a double-digit decrease, though this follows a double-digit gain the day before, essentially leaving it at break-even over the two-day period.

In more upbeat news, $POOKA saw a 33% increase, likely driven by the OMB excitement on Ordinals. The token is now nearing a $1.5M market cap, still remarkably small in the grand scheme of things but promising nonetheless.

Finally, PENGU•PROPHECY enters the top 10. Their X account hints at intriguing developments, with their bio stating:

Interesting. Some small exposure here might be worthwhile for the speculatooors among us.

Todays Opportunities

Giveaways

Currently, there are no active raffles ongoing. However, more giveaways are expected soon, so join the Discord below and make sure you have notifications on so you don’t miss out when the next ones go live!