How bitcoin investors should position after Trump’s election win
Investors looking to get in on crypto’s monster run may want to be tactical in their approaches.
Bitcoin prices have surged roughly 30% since Election Day on Nov. 5, touching a record of more than $93,000 on Wednesday, according to Coin Metrics. Prices dipped below the $88,000 level just before Thursday’s stock market close, as the postelection rally showed signs of fading.
State Street Global Advisors’ Matt Bartolini advises investors to consider how the political environment may influence prices moving forward.
“You need to understand how the cryptocurrency market is progressing, particularly around new administration policies,” the firm’s head of SPDR Americas research told CNBC’s “ETF Edge” on Monday.
Bartolini expects pro-crypto…
