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President and CEO of Gerber Kawasaki, a wealth and investement management company, Ross Gerber, asked his 55K Twitter followers if President Trump could be setting up a huge Bitcoin rally. Could it be a crypto-Christmas thanks to Trump?
Gerber seems to believe so. He asked his Twitter followers if President Trump could be the one who will ignite the next 'huge' Bitcoin rally.
'just saying. #crypto is NOT dead. Haven’t sold mine and not going too.'
Trump might be setting up a huge bitcoin rally. This is what it was made for... just saying. #crypto is NOT dead. Haven’t sold mine and not going too.
— Ross Gerber (@GerberKawasaki) December 23, 2018
One reason for this interesting tweet, could be Mick Mulvaney, who has been appointed as the new White House chief of staff via Twitter by President Trump and who came out as one of the most positive politicans in regards to the cryptocurrency universe.
'We won’t discourage people from entering the market through absurd applications of laws and regulations', he said at a fintech conference in June 2018.
Read more: Blockchain Caucus co-founder appointed White House Chief of Staff
The other reason is of course Trump's 'war' with the Federal Reserve. Trump has been a vocal critic of the Fed policy as of late and the Federal Reserve as a whole, calling it 'the only problem' with the economy. The latest interest rate hike only added fuel to the already widespread fire.
The only problem our economy has is the Fed. They don’t have a feel for the Market, they don’t understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders. The Fed is like a powerful golfer who can’t score because he has no touch - he can’t putt!
— Donald J. Trump (@realDonaldTrump) December 24, 2018
It is therefor no surprise that some investors are seeing this 'war' between the Fed and Trump as a situation that potentially will have a positive outcome for Bitcoin.
Gerber certainly took a stand and replies to his tweet show that some agree, but more don't.
Whatever the feelings are on Trump or Bitcoin, only time will tell if Gerber was onto something ... or just 'on' something.