Home > Blog > Bitcoin & Cryptocurrency Rally November 2024
Bitcoin loves Trump.
I cant deny, it is really nice to see the crypto portfolio grow to a nice bunch of upward green dildoes and candles, which started once Trump's election numbers showed a large landslide number of votes against Kamala Harris' electorial college vote numbers - the crypto and stock market reacted fairly quickly to this.
It has been a while since I've seen such delicious numbers where BTC has shot past its ATH (at the high), and hovering betweek $75,900+ to $76,200+.
On the other hand...Ethereum (ETH) is slowly inching up to $2900ish, but is nowhere near its ATH of $4800. I am waiting for Ethereum to inch up to its ATH too, and that will be very delicious for me and I will definitely take some capital and profits out then as well.
Well, it only matters IF you
Trump seems to be a proponent of low interest rates, so I think the market is anticipating in advance and pricing in future value, hence the rally is happening right now for crypto and growth stocks (including bank stocks).
Conversely, bonds and REITs are going down...I'm not an economist though, from what I understand that is that trade that involves China will be hit by tariffs plus Trump's move tend to be inflationary in the medium term, which will eventually increase interest rates...where REITs are very sensitive against.
Again, I am NOT an economist - I am but a simple dude who loves his family and want to provide for them (as well as to give you, my readers, insight into what I'm doing, which can be wrong or right or can work for you or not).
I am learning and iterating as I go along, and my plan is to take as much profits as I can from my crypto portfolio and then ramp-off into either
I have been hodling/holding onto my crypto for quite some time, and am preparing to move into cash-flow-producing assets so that I have more discretionary income to spend with my family, in tandem with my physical therapy business (plus my kindle publishing venture which is in its very budding stages, I will share more on that once I start earning $100+/month consistently.)
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