The $10,000 Trump Trade: What Actually Made Money Since Inauguration Day

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Expectations of favorable regulation and tax cuts under the Trump administration are driving hopes for a surge in cryptocurrency prices. Additionally, anticipated economic growth from tax relief for businesses could further support the crypto market.
When Donald Trump took the oath of office back on January 20th this year, the investment narrative was largely led by one large prediction: an explosion in cryptocurrency prices based largely on favorable regulation (or deregulation).
But it wasn’t only the crypto industry that was keeping its fingers crossed for a rally. Recall that Trump also promised to cut corporate tax rates to 15% from 21% for companies that make their product in America, to remove taxes on tips, to eliminate taxes on social security, to make car loans fully tax-deductible, and much more. All of this led to expectations of a booming US economy, with thriving small businesses driven by tax relief and government assistance.
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