"The countdown clock on the next catastrophic crash has already started," Dennis Kelleher, president of Better Markets, reflects on the imminent volatility expected due to Trump's crypto-friendly policies.
"My vision is for an America that dominates the future,...to ensure that the United States will be the crypto capital of the planet and the bitcoin superpower of the world," Trump declared at a bitcoin conference.
Financial experts predict a cycle of boom and bust in the crypto market, where a surge in investments may lead to substantial profits followed by inevitable crashes and significant financial loss.
Having covered the last financial crisis, I sense that the unprecedented influx into volatile crypto assets driven by government encouragement will likely lead to widespread investor casualties when market conditions reverse.
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