‘Fear of missing out is not an investment strategy’: Morningstar’s Lamont shares view on Trump’s impact on crypto
With Donald Trump’s second inauguration as the USA’s 47th President yesterday and the launch of the $Trump and $Melania coins over the weekend, Kenneth Lamont, Principle at Morningstar, has provided the following insight on the new US President’s potential impact on the cryptocurrency market saying:
“If Donald Trump delivers on his election promises, we could see cryptocurrency markets continue to surge. However, investors would do well to resist the siren call of fear of missing out, and sit on their hands. The official Trump coin $Trump was announced on Friday and by mid-day Sunday the newly minted meme coin had a market cap just short of $14bn before tumbling just a day later following the news of $Melania coin.
Fear…
