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


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.

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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.

Read the article at CryptoPotato

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