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Here are four reasons to consider investing in crypto before Trumps inauguration and three reasons not to.
Also seefive cryptos to consider investing in after Trumps win, according to experts.
Bitcoin accumulation as a means to tacklenational debt and inflationcould draw revenue from domestic and worldwide investment.
Here are three reasons investors may want to consider holding off on investing in crypto prior to Inauguration Day.
High Volatility
Cryptocurrencies are notoriously volatile, with prices capable of swinging dramatically within short periods.
This volatility can lead tosignificant financial lossesfor investors if they are not careful.
Such events can wipe out substantial investments rapidly.
Experts recommend investing only what you’re free to afford to lose due to this inherent risk.
Future administrations or shifts in Congress could lead to stricter regulations that might negatively impact cryptocurrency values.
This makes it challenging to determine their intrinsic value.
Many cryptocurrencies lack proven use cases and may not achieve widespread adoption or acceptance as a viable currency.
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