IMO, Trump is sacrificing the Queen (asset prices) right now, early on in his game, in order to win for the American people. If you remember, in 1956, 13-year-old Bobby Fischer did this against Donald Byrne in what is considered "The Game of the Century. " And in 2016, in the World Chess Championship, in a game 4 tiebreaker, Magnus Carlsen sacrificed his Queen, and 1 move later defeated Sergey Karjakin for the championship. Remember that the news media has lost market share and still has no changed their misleading reporting. It's going to get bad right now. Be careful where you get your news. If you didn't know Trump was going to win the election 3 months prior to voting, then your are listing to the wrong media outlets.
Here are three positive macro signs that are good for Bitcoin:
1. Oil has dropped below $65/bbl, breaking past recent range lows. This brings inflation down... and yes double edged sword as it also signals recession... but also makes economy more resilient.
2. 10 year bond yield closed at 3.99% on 04-04. This helps reduce inflation and reduce borrowing costs which spurs the economy.
3.The DXY at 102 is a tailwind for global liquidity, paving the way for stronger risk asset prices worldwide.
Short term pain, long term gain.
