What’s Next After Donald Trump Win? Crypto And These Other Assets Are Poised To Surge
What happens after Trump wins? Those are the words on the lips of everyone, from financial traders to crypto fans and no doubt the Ukrainian president Volodymyr Zelenskyy too.
Donald Trump has won the US presidential election and will be the 47th president when he is inaugurated on January 6, 2025.
For crypto it looks like the only way is up. Even before Georgia and North Carolina fell into his column on election night, traders were taking their positions in forex, bonds and crypto.
US Treasury yields are moving higher on fears that the US deficit will swell to even greater proportions. The dollar strengthened on the back of tariffs Trump plans to slap on all imports into the country, while the bitcoin price broke new highs above $75,000 in sympathy with Trump’s miraculous conversion to become an unlikely crypto evangelist.
The black stuff was affected too. Crude oil slipped on fears that the US will increase supply on the global market, in line with T