Industry insiders: if Trump doesn't buy bitcoin within 100 days of his administration, he may see a pullback
Jeff Kilburg, Founder and CEO of KKM Financial, believes that cryptocurrencies may see a pullback in the future, stating, “The old adage is to buy the rumor and sell the fact. If the Trump administration doesn't buy Bitcoin within the first 100 days of the administration, then we will see a pullback in Bitcoin.”
On the other hand, Art Hogan, chief market strategist at B. Riley Wealth Management, said that a more cryptocurrency-friendly government and wider adoption of Bitcoin will surely continue to push up the price of the flagship cryptocurrency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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