Analyst: Trump's inauguration may become a catalyst for BTCpump

BlockBeats News, on January 9th, according to CoinDesk, analyst Omkar Godbole said that the defensive layout of the stock market may stem from concerns about the "fully priced-in good news" event that the elected President Trump's inauguration on January 20th may become. In the past two months, the risk appetite of the financial market has risen, and the market expects the incoming Trump administration to implement reforms that are beneficial to enterprises and the economy, but the possibility of profit-taking cannot be ignored. Trump will be inaugurated on January 20th. It is widely expected that this will promote changes in cryptocurrency regulation and may even establish strategic BTC reserves in the next few months, both of which may provide support for the next round of market. QCP Capital also holds a similar view and recommends traders to follow new US economic data on Friday before further layout.