Following Donald Trump’s recent election win, crypto analyst Miles Deutscher foresees bullish momentum for the crypto market, fueled by favorable macroeconomic conditions.
What Happened: In a podcast update, Deutscher shared his belief that with the Republican Party in control, crypto-friendly legislation could advance more easily, benefiting the sector. He expressed that Trump’s triumph, along with other macro factors, is priming the crypto market for an “accelerated cycle”.
He noted a significant $600 million flow into Bitcoin ETFs on election day, signalling positive sentiment in the market, and is particularly bullish on DeFi and real-world asset (RWA) tokens, expecting them to thrive in a friendlier regulatory climate, with projects like Checks, Clearpool and Cred likely to benefit.
For a comprehensive market strategy, Deutscher recommends focusing on narratives that have demonstrated strength earlier in the year, especially meme coins, AI, and RWA projects. He cautioned against excessive trading, stating: “I think the biggest mistake people make in this phase is they chop too much.”
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Why It Matters: Deutscher also underscored the necessity of risk management and buying on dips. He concluded by observing that while many assets have already appreciated, there’s still considerable upside potential as the bull market evolves.
The crypto market has been closely watching the political landscape, as it can significantly influence regulatory policies. The election of Trump, who is perceived as more crypto-friendly, could potentially ease regulatory hurdles and foster growth in the sector. However, as Deutscher warns, careful risk management will be crucial in this evolving landscape.
What’s Next: The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
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